HB Wealth Management LLC Boosts Stock Position in Exxon Mobil Co. (NYSE:XOM)

HB Wealth Management LLC grew its stake in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 41.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 160,807 shares of the oil and gas company's stock after acquiring an additional 46,987 shares during the period. HB Wealth Management LLC's holdings in Exxon Mobil were worth $18,908,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Janiczek Wealth Management LLC increased its holdings in shares of Exxon Mobil by 40.2% in the third quarter. Janiczek Wealth Management LLC now owns 15,176 shares of the oil and gas company's stock worth $1,784,000 after purchasing an additional 4,354 shares during the period. Retirement Guys Formula LLC bought a new position in shares of Exxon Mobil in the third quarter worth $1,035,000. Financial Management Professionals Inc. increased its holdings in shares of Exxon Mobil by 28.7% in the third quarter. Financial Management Professionals Inc. now owns 34,590 shares of the oil and gas company's stock worth $4,067,000 after purchasing an additional 7,704 shares during the period. CRA Financial Services LLC increased its holdings in shares of Exxon Mobil by 2.2% in the third quarter. CRA Financial Services LLC now owns 36,178 shares of the oil and gas company's stock worth $4,254,000 after purchasing an additional 791 shares during the period. Finally, CGN Advisors LLC increased its holdings in shares of Exxon Mobil by 19.3% in the third quarter. CGN Advisors LLC now owns 6,090 shares of the oil and gas company's stock worth $716,000 after purchasing an additional 986 shares during the period. Hedge funds and other institutional investors own 58.53% of the company's stock.

Analysts Set New Price Targets

XOM has been the topic of several research analyst reports. UBS Group decreased their price target on shares of Exxon Mobil from $138.00 to $133.00 and set a "buy" rating on the stock in a report on Thursday, December 14th. Mizuho reduced their target price on Exxon Mobil from $139.00 to $133.00 and set a "buy" rating on the stock in a research note on Tuesday, November 14th. Truist Financial raised Exxon Mobil from a "hold" rating to a "buy" rating and increased their target price for the company from $110.00 to $131.00 in a research note on Thursday, October 12th. Sanford C. Bernstein initiated coverage on Exxon Mobil in a research note on Tuesday, October 17th. They issued an "outperform" rating and a $140.00 target price on the stock. Finally, Morgan Stanley increased their target price on Exxon Mobil from $131.00 to $134.00 and gave the company an "overweight" rating in a research note on Monday, October 2nd. Ten analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat, Exxon Mobil has an average rating of "Moderate Buy" and an average target price of $128.70.

Exxon Mobil Stock Performance

Exxon Mobil stock opened at $101.91 on Monday. The company has a current ratio of 1.42, a quick ratio of 1.08 and a debt-to-equity ratio of 0.18. The firm has a 50-day moving average of $104.37 and a 200-day moving average of $107.35. The firm has a market cap of $403.86 billion, a P/E ratio of 10.12, a P/E/G ratio of 3.68 and a beta of 1.01. Exxon Mobil Co. has a 1-year low of $97.48 and a 1-year high of $120.70.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its quarterly earnings data on Friday, October 27th. The oil and gas company reported $2.27 EPS for the quarter, missing the consensus estimate of $2.36 by ($0.09). Exxon Mobil had a return on equity of 20.72% and a net margin of 11.56%. The company had revenue of $90.76 billion during the quarter, compared to analysts' expectations of $93.41 billion. During the same quarter last year, the business earned $4.45 earnings per share. The business's quarterly revenue was down 19.0% on a year-over-year basis. Sell-side analysts expect that Exxon Mobil Co. will post 9.18 EPS for the current year.

Exxon Mobil Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 11th. Shareholders of record on Wednesday, November 15th were issued a $0.95 dividend. The ex-dividend date of this dividend was Tuesday, November 14th. This is a positive change from Exxon Mobil's previous quarterly dividend of $0.91. This represents a $3.80 annualized dividend and a yield of 3.73%. Exxon Mobil's dividend payout ratio (DPR) is 37.74%.

Insiders Place Their Bets

In other Exxon Mobil news, VP Leonard M. Fox sold 12,000 shares of the firm's stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $102.65, for a total value of $1,231,800.00. Following the completion of the sale, the vice president now directly owns 220,678 shares in the company, valued at $22,652,596.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Exxon Mobil news, VP Leonard M. Fox sold 12,000 shares of the firm's stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $102.65, for a total transaction of $1,231,800.00. Following the completion of the transaction, the vice president now owns 220,678 shares of the company's stock, valued at $22,652,596.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jeffrey W. Ubben sold 2,077,000 shares of the firm's stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $104.06, for a total transaction of $216,132,620.00. Following the transaction, the director now directly owns 13,000 shares of the company's stock, valued at approximately $1,352,780. The disclosure for this sale can be found here. 0.06% of the stock is currently owned by company 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.

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