Essex Financial Services Inc. Buys 2,555 Shares of Exxon Mobil Co. (NYSE:XOM)

Essex Financial Services Inc. lifted its stake in Exxon Mobil Co. (NYSE:XOM) by 2.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 132,752 shares of the oil and gas company’s stock after purchasing an additional 2,555 shares during the period. Exxon Mobil comprises about 1.0% of Essex Financial Services Inc.’s investment portfolio, making the stock its 19th largest position. Essex Financial Services Inc.’s holdings in Exxon Mobil were worth $14,280,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Keystone Financial Group Inc. bought a new position in shares of Exxon Mobil in the fourth quarter worth about $36,000. Retirement Wealth Solutions LLC bought a new position in shares of Exxon Mobil in the fourth quarter worth about $46,000. Compass Financial Services Inc bought a new position in Exxon Mobil during the 4th quarter worth about $48,000. Peterson Financial Group Inc. bought a new position in Exxon Mobil during the 3rd quarter worth about $51,000. Finally, Highline Wealth Partners LLC bought a new position in Exxon Mobil during the 3rd quarter worth about $54,000. 61.80% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total transaction of $231,000.00. Following the completion of the transaction, the vice president now directly owns 18,087 shares of the company’s stock, valued at approximately $1,989,570. This trade represents a 10.40 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.03% of the stock is currently owned by insiders.

Exxon Mobil Stock Performance

Shares of Exxon Mobil stock opened at $108.10 on Friday. The firm has a market capitalization of $475.10 billion, a P/E ratio of 13.79, a PEG ratio of 2.94 and a beta of 0.89. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. The company has a 50 day moving average price of $109.02 and a 200 day moving average price of $114.83. Exxon Mobil Co. has a 52 week low of $100.42 and a 52 week high of $126.34.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 EPS for the quarter, missing the consensus estimate of $1.77 by ($0.10). Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. During the same quarter in the previous year, the business earned $2.48 earnings per share. Sell-side analysts expect that Exxon Mobil Co. will post 7.37 EPS for the current year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th will be given a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 3.66%. The ex-dividend date of this dividend is Wednesday, February 12th. Exxon Mobil’s dividend payout ratio is presently 50.51%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on XOM. HSBC dropped their target price on shares of Exxon Mobil from $125.00 to $123.00 and set a “hold” rating on the stock in a report on Friday, January 31st. Wolfe Research increased their target price on shares of Exxon Mobil from $137.00 to $138.00 in a report on Thursday, October 31st. Bernstein Bank increased their target price on shares of Exxon Mobil from $138.00 to $144.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Morgan Stanley increased their target price on shares of Exxon Mobil from $139.00 to $140.00 in a report on Friday, January 31st. Finally, Truist Financial increased their target price on shares of Exxon Mobil from $117.00 to $119.00 and gave the stock a “hold” rating in a report on Monday, January 13th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $129.25.

Exxon Mobil Company Profile

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.