BlackDiamond Wealth Management LLC Increases Stake in Exxon Mobil Co. (NYSE:XOM)

BlackDiamond Wealth Management LLC lifted its stake in Exxon Mobil Co. (NYSE:XOM) by 9.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,558 shares of the oil and gas company’s stock after purchasing an additional 298 shares during the quarter. BlackDiamond Wealth Management LLC’s holdings in Exxon Mobil were worth $383,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Principal Financial Group Inc. grew its stake in shares of Exxon Mobil by 8.4% during the 3rd quarter. Principal Financial Group Inc. now owns 6,709,202 shares of the oil and gas company’s stock worth $786,453,000 after purchasing an additional 521,932 shares during the period. United Bank lifted its holdings in Exxon Mobil by 3.7% in the 3rd quarter. United Bank now owns 17,920 shares of the oil and gas company’s stock valued at $2,101,000 after purchasing an additional 641 shares in the last quarter. Glass Wealth Management Co LLC lifted its holdings in Exxon Mobil by 2.9% in the 3rd quarter. Glass Wealth Management Co LLC now owns 66,987 shares of the oil and gas company’s stock valued at $7,852,000 after purchasing an additional 1,914 shares in the last quarter. TrinityPoint Wealth LLC raised its holdings in shares of Exxon Mobil by 0.7% during the 3rd quarter. TrinityPoint Wealth LLC now owns 43,492 shares of the oil and gas company’s stock worth $5,098,000 after acquiring an additional 285 shares during the period. Finally, Aljian Capital Management LLC raised its holdings in shares of Exxon Mobil by 235.6% during the 3rd quarter. Aljian Capital Management LLC now owns 12,080 shares of the oil and gas company’s stock worth $1,416,000 after acquiring an additional 8,480 shares during the period. 61.80% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Stock Performance

Shares of Exxon Mobil stock opened at $113.79 on Tuesday. Exxon Mobil Co. has a one year low of $103.67 and a one year high of $126.34. The company has a market cap of $493.74 billion, a PE ratio of 14.51, a P/E/G 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. The business has a 50-day simple moving average of $109.47 and a 200-day simple moving average of $113.60.

Exxon Mobil (NYSE:XOM) last posted 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 period in the previous year, the firm posted $2.48 EPS. On average, equities research analysts forecast that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th were paid a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 3.48%. The ex-dividend date of this dividend was Wednesday, February 12th. Exxon Mobil’s dividend payout ratio is currently 50.51%.

Insider Buying and Selling at Exxon Mobil

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

Analysts Set New Price Targets

A number of brokerages recently issued reports on XOM. Truist Financial raised their price objective on Exxon Mobil from $117.00 to $119.00 and gave the stock a “hold” rating in a research report on Monday, January 13th. Morgan Stanley raised their price objective on Exxon Mobil from $139.00 to $140.00 in a research report on Friday, January 31st. BMO Capital Markets cut their price objective on Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating for the company in a research report on Friday, January 31st. Scotiabank cut their price objective on Exxon Mobil from $145.00 to $140.00 in a research report on Friday, January 31st. Finally, HSBC cut their price objective on Exxon Mobil from $125.00 to $123.00 and set a “hold” rating for the company in a research report on Friday, January 31st. 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 issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $129.25.

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.