Charter Oak Capital Management LLC lifted its position in shares of Exxon Mobil Co. (NYSE:XOM – Get Rating) by 18.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 14,566 shares of the oil and gas company's stock after acquiring an additional 2,259 shares during the quarter. Charter Oak Capital Management LLC's holdings in Exxon Mobil were worth $1,607,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. CTC Capital Management LLC bought a new position in Exxon Mobil in the 3rd quarter worth about $1,807,000. WMG Financial Advisors LLC boosted its stake in Exxon Mobil by 0.9% in the 3rd quarter. WMG Financial Advisors LLC now owns 11,899 shares of the oil and gas company's stock worth $1,039,000 after purchasing an additional 108 shares during the period. Polaris Wealth Advisory Group LLC boosted its stake in Exxon Mobil by 3,880.2% in the 3rd quarter. Polaris Wealth Advisory Group LLC now owns 205,259 shares of the oil and gas company's stock worth $20,288,000 after purchasing an additional 200,102 shares during the period. Mraz Amerine & Associates Inc. bought a new position in Exxon Mobil in the 4th quarter worth about $246,000. Finally, Accurate Wealth Management LLC boosted its stake in Exxon Mobil by 4.7% in the 4th quarter. Accurate Wealth Management LLC now owns 63,080 shares of the oil and gas company's stock worth $6,944,000 after purchasing an additional 2,859 shares during the period. Institutional investors own 57.49% of the company's stock.
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Insider Activity
In related news, VP Darrin L. Talley sold 2,500 shares of the stock in a transaction dated Wednesday, February 1st. The shares were sold at an average price of $115.50, for a total value of $288,750.00. Following the completion of the transaction, the vice president now directly owns 31,772 shares of the company's stock, valued at $3,669,666. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.04% of the company's stock.
Wall Street Analysts Forecast Growth
XOM has been the subject of several analyst reports. Mizuho raised their target price on Exxon Mobil from $140.00 to $147.00 in a research note on Friday, March 10th. Scotiabank raised Exxon Mobil from a "sector perform" rating to a "sector outperform" rating and raised their price target for the company from $120.00 to $135.00 in a report on Tuesday, January 17th. Barclays raised their price target on Exxon Mobil from $111.00 to $129.00 and gave the company an "overweight" rating in a report on Tuesday, January 3rd. Bank of America raised their price target on Exxon Mobil from $136.00 to $140.00 and gave the company a "buy" rating in a report on Wednesday, February 1st. Finally, Truist Financial raised their price target on Exxon Mobil from $101.00 to $110.00 and gave the company a "hold" rating in a report on Wednesday, February 1st. One analyst has rated the stock with a sell rating, seven have issued a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $121.64.
Exxon Mobil Stock Performance
Shares of XOM stock opened at $109.66 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.06 and a current ratio of 1.41. Exxon Mobil Co. has a fifty-two week low of $79.29 and a fifty-two week high of $119.63. The stock has a 50 day moving average price of $110.63 and a two-hundred day moving average price of $107.26. The company has a market capitalization of $446.42 billion, a P/E ratio of 8.27, a PEG ratio of 0.47 and a beta of 1.09.
Exxon Mobil (NYSE:XOM – Get Rating) last announced its quarterly earnings data on Tuesday, January 31st. The oil and gas company reported $3.40 earnings per share for the quarter, beating the consensus estimate of $3.32 by $0.08. Exxon Mobil had a return on equity of 31.25% and a net margin of 13.47%. The firm had revenue of $95.43 billion during the quarter, compared to the consensus estimate of $90.21 billion. During the same quarter in the previous year, the company posted $2.05 earnings per share. The business's revenue was up 12.3% on a year-over-year basis. Analysts expect that Exxon Mobil Co. will post 9.95 earnings per share for the current year.
Exxon Mobil Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, March 10th. Stockholders of record on Tuesday, February 14th were paid a dividend of $0.91 per share. The ex-dividend date of this dividend was Monday, February 13th. This represents a $3.64 annualized dividend and a dividend yield of 3.32%. Exxon Mobil's dividend payout ratio (DPR) is presently 27.45%.
Exxon Mobil Profile
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Exxon Mobil Corp. engages in the exploration, development, and distribution of oil, gas, and petroleum products. It operates through the following segments: Upstream, Downstream and Chemical. The Upstream segment produces crude oil and natural gas. The Downstream segment manufactures and trades petroleum products.
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