Exxon Mobil Co. (NYSE:XOM) Shares Bought by Elite Wealth Management Inc.

Elite Wealth Management Inc. grew its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 7.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,532 shares of the oil and gas company’s stock after purchasing an additional 300 shares during the period. Exxon Mobil makes up approximately 0.1% of Elite Wealth Management Inc.’s investment portfolio, making the stock its 25th largest holding. Elite Wealth Management Inc.’s holdings in Exxon Mobil were worth $488,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of XOM. Drum Hill Capital LLC acquired a new position in shares of Exxon Mobil during the fourth quarter valued at approximately $1,174,000. Blackston Financial Advisory Group LLC boosted its stake in Exxon Mobil by 8.1% during the 4th quarter. Blackston Financial Advisory Group LLC now owns 8,865 shares of the oil and gas company’s stock valued at $954,000 after purchasing an additional 662 shares in the last quarter. Capital Advisory Group Advisory Services LLC boosted its stake in Exxon Mobil by 13.7% during the 4th quarter. Capital Advisory Group Advisory Services LLC now owns 6,228 shares of the oil and gas company’s stock valued at $670,000 after purchasing an additional 749 shares in the last quarter. Bank of Stockton increased its position in shares of Exxon Mobil by 4.3% during the 4th quarter. Bank of Stockton now owns 23,277 shares of the oil and gas company’s stock valued at $2,504,000 after purchasing an additional 957 shares during the period. Finally, Bradley Foster & Sargent Inc. CT raised its stake in shares of Exxon Mobil by 1.2% in the 4th quarter. Bradley Foster & Sargent Inc. CT now owns 222,861 shares of the oil and gas company’s stock worth $23,973,000 after buying an additional 2,637 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors.

Insider Activity

In related 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 transaction, the vice president now owns 18,087 shares of the company’s stock, valued at approximately $1,989,570. This trade represents a 10.40 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.03% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on XOM shares. BMO Capital Markets lowered their target price on Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating on the stock in a report on Friday, January 31st. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $115.00 price objective on shares of Exxon Mobil in a research note on Monday, February 3rd. Argus raised shares of Exxon Mobil to a “strong-buy” rating in a research note on Tuesday, February 4th. Wells Fargo & Company dropped their price target on Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating on the stock in a report on Monday, February 3rd. Finally, Piper Sandler reduced their price objective on Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating for the company in a research note on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $129.25.

Exxon Mobil Stock Performance

XOM stock opened at $111.18 on Tuesday. The stock has a market cap of $482.42 billion, a P/E ratio of 14.18, a P/E/G ratio of 3.02 and a beta of 0.89. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. The firm has a 50 day simple moving average of $108.65 and a 200 day simple moving average of $114.44. Exxon Mobil Co. has a 52 week low of $103.05 and a 52 week high of $126.34.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results 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 firm earned $2.48 EPS. Research analysts anticipate that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th will be paid a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.56%. The ex-dividend date of this dividend is Wednesday, February 12th. Exxon Mobil’s dividend payout ratio (DPR) is presently 50.51%.

Exxon Mobil 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.