Puff Wealth Management LLC Acquires New Shares in Exxon Mobil Co. (NYSE:XOM)

Puff Wealth Management LLC bought a new position in shares of Exxon Mobil Co. (NYSE:XOM) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 4,169 shares of the oil and gas company’s stock, valued at approximately $448,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Vertex Planning Partners LLC raised its stake in shares of Exxon Mobil by 3.1% in the third quarter. Vertex Planning Partners LLC now owns 2,778 shares of the oil and gas company’s stock worth $326,000 after buying an additional 83 shares during the period. First Heartland Consultants Inc. increased its holdings in Exxon Mobil by 0.9% in the 3rd quarter. First Heartland Consultants Inc. now owns 9,451 shares of the oil and gas company’s stock worth $1,108,000 after acquiring an additional 87 shares in the last quarter. Latitude Advisors LLC lifted its holdings in Exxon Mobil by 0.7% during the third quarter. Latitude Advisors LLC now owns 13,378 shares of the oil and gas company’s stock valued at $1,568,000 after purchasing an additional 88 shares in the last quarter. Longfellow Investment Management Co. LLC lifted its stake in shares of Exxon Mobil by 0.6% during the 3rd quarter. Longfellow Investment Management Co. LLC now owns 14,537 shares of the oil and gas company’s stock valued at $1,704,000 after buying an additional 88 shares in the last quarter. Finally, West Oak Capital LLC boosted its position in shares of Exxon Mobil by 0.6% during the fourth quarter. West Oak Capital LLC now owns 16,207 shares of the oil and gas company’s stock worth $1,743,000 after acquiring an additional 92 shares during the last quarter. Institutional investors own 61.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on XOM shares. Truist Financial increased their price objective on shares of Exxon Mobil from $117.00 to $119.00 and gave the stock a “hold” rating in a research report on Monday, January 13th. Royal Bank of Canada restated a “sector perform” rating and set a $115.00 price objective on shares of Exxon Mobil in a report on Monday, February 3rd. Wolfe Research increased their price target on Exxon Mobil from $137.00 to $138.00 in a research report on Thursday, October 31st. Wells Fargo & Company decreased their price objective on Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating for the company in a report on Monday, February 3rd. Finally, UBS Group dropped their target price on shares of Exxon Mobil from $149.00 to $147.00 and set a “buy” rating on the stock in a report on Thursday, December 12th. 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 given a strong buy rating to the stock. Based on data from MarketBeat, Exxon Mobil has a consensus rating of “Moderate Buy” and a consensus target price of $129.25.

Insider Buying and Selling

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total transaction of $231,000.00. Following the sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.03% of the stock is currently owned by corporate insiders.

Exxon Mobil Stock Performance

Shares of XOM stock opened at $110.05 on Wednesday. The business has a fifty day moving average of $108.68 and a 200 day moving average of $114.61. Exxon Mobil Co. has a 1 year low of $102.64 and a 1 year high of $126.34. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. The firm has a market capitalization of $483.66 billion, a price-to-earnings ratio of 14.04, a price-to-earnings-growth ratio of 2.94 and a beta of 0.89.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, January 31st. The oil and gas company reported $1.67 EPS for the quarter, missing analysts’ consensus estimates 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 period last year, the company posted $2.48 EPS. As a group, research analysts expect that Exxon Mobil Co. will post 7.37 earnings per share for the current year.

Exxon Mobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th will be paid a $0.99 dividend. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.60%. Exxon Mobil’s payout ratio is currently 50.51%.

About Exxon Mobil

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.