Windle Wealth LLC Grows Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Windle Wealth LLC raised its stake in Exxon Mobil Co. (NYSE:XOM) by 3.9% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 61,241 shares of the oil and gas company’s stock after buying an additional 2,315 shares during the quarter. Exxon Mobil makes up approximately 3.6% of Windle Wealth LLC’s portfolio, making the stock its 19th biggest holding. Windle Wealth LLC’s holdings in Exxon Mobil were worth $6,588,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Fairway Wealth LLC acquired a new position in Exxon Mobil in the 4th quarter valued at $31,000. Keystone Financial Group Inc. purchased a new stake in Exxon Mobil in the 4th quarter valued at about $36,000. Retirement Wealth Solutions LLC purchased a new position in shares of Exxon Mobil during the 4th quarter worth about $46,000. Compass Planning Associates Inc purchased a new position in shares of Exxon Mobil during the 4th quarter worth about $47,000. Finally, Synergy Investment Management LLC purchased a new stake in Exxon Mobil in the fourth quarter valued at approximately $47,000. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. TD Cowen reduced their target price on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating on the stock in a report on Monday, December 16th. Scotiabank cut their price target on shares of Exxon Mobil from $145.00 to $140.00 in a report on Friday, January 31st. Truist Financial raised their target price on shares of Exxon Mobil from $117.00 to $119.00 and gave the company a “hold” rating in a research note on Monday, January 13th. Wells Fargo & Company lowered their price target 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 lowered their target price on Exxon Mobil from $149.00 to $147.00 and set a “buy” rating for the company in a research note on Thursday, December 12th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $129.25.

Exxon Mobil Trading Down 2.4 %

Shares of NYSE XOM opened at $109.06 on Wednesday. The business has a 50 day simple moving average of $109.20 and a 200 day simple moving average of $113.80. Exxon Mobil Co. has a 52 week low of $103.67 and a 52 week high of $126.34. The stock has a market cap of $473.24 billion, a price-to-earnings ratio of 13.91, a PEG ratio of 3.02 and a beta of 0.83. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (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 quarter in the prior year, the firm earned $2.48 earnings per share. On average, research analysts predict 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 was paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th were given a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.63%. The ex-dividend date was Wednesday, February 12th. Exxon Mobil’s dividend payout ratio is 50.51%.

Insider Transactions at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the company’s stock in a transaction dated 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 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.03% of the stock is owned by corporate insiders.

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.