Exxon Mobil Co. (NYSE:XOM) Shares Purchased by Soltis Investment Advisors LLC

Soltis Investment Advisors LLC increased its position in shares of Exxon Mobil Co. (NYSE:XOM) by 0.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 69,890 shares of the oil and gas company’s stock after purchasing an additional 365 shares during the period. Exxon Mobil accounts for approximately 0.7% of Soltis Investment Advisors LLC’s portfolio, making the stock its 28th largest position. Soltis Investment Advisors LLC’s holdings in Exxon Mobil were worth $7,518,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Keystone Financial Group Inc. purchased a new stake in Exxon Mobil in the fourth quarter valued at $36,000. Retirement Wealth Solutions LLC purchased a new stake in Exxon Mobil in the fourth quarter valued at $46,000. Compass Financial Services Inc purchased a new stake in Exxon Mobil in the fourth quarter valued at $48,000. Peterson Financial Group Inc. purchased a new stake in Exxon Mobil in the third quarter valued at $51,000. Finally, Highline Wealth Partners LLC purchased a new stake in Exxon Mobil in the third quarter valued at $54,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Wall Street Analysts Forecast Growth

XOM has been the subject of a number of research reports. UBS Group reduced their price target on shares of Exxon Mobil from $149.00 to $147.00 and set a “buy” rating for the company in a research report on Thursday, December 12th. JPMorgan Chase & Co. reduced their price target on shares of Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating for the company in a research report on Monday, December 16th. Bank of America began coverage on shares of Exxon Mobil in a report on Thursday, October 17th. They issued a “neutral” rating and a $124.00 target price for the company. Argus raised shares of Exxon Mobil to a “strong-buy” rating in a report on Tuesday, February 4th. Finally, Piper Sandler reduced their target price on shares of Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating for the company in a report on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $129.25.

Insiders Place Their Bets

In other news, VP Darrin L. Talley sold 2,100 shares of the stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total value of $231,000.00. Following the sale, the vice president now directly owns 18,087 shares in the company, valued at $1,989,570. This represents a 10.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.03% of the stock is currently owned by company insiders.

Exxon Mobil Trading Up 0.7 %

Shares of XOM opened at $108.10 on Friday. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. The firm’s 50-day moving average is $109.02 and its two-hundred day moving average is $114.83. Exxon Mobil Co. has a twelve month low of $100.42 and a twelve month high of $126.34. 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.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share for the quarter, missing the consensus estimate of $1.77 by ($0.10). Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. During the same quarter last year, the business earned $2.48 EPS. On average, research analysts predict that Exxon Mobil Co. will post 7.37 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently announced 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. The ex-dividend date is Wednesday, February 12th. This represents a $3.96 annualized dividend and a yield of 3.66%. Exxon Mobil’s payout ratio is currently 50.51%.

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.