Vaughan David Investments LLC IL Boosts Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Vaughan David Investments LLC IL boosted its holdings in Exxon Mobil Co. (NYSE:XOM - Free Report) by 6.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 357,125 shares of the oil and gas company's stock after buying an additional 20,878 shares during the period. Vaughan David Investments LLC IL's holdings in Exxon Mobil were worth $35,705,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of XOM. KB Financial Partners LLC bought a new position in Exxon Mobil in the 1st quarter valued at $27,000. IMA Wealth Inc. boosted its holdings in Exxon Mobil by 720.0% in the 2nd quarter. IMA Wealth Inc. now owns 369 shares of the oil and gas company's stock valued at $40,000 after purchasing an additional 324 shares during the period. FWL Investment Management LLC bought a new position in Exxon Mobil in the 4th quarter valued at $43,000. Turim 21 Investimentos Ltda. lifted its holdings in shares of Exxon Mobil by 222.5% during the 1st quarter. Turim 21 Investimentos Ltda. now owns 574 shares of the oil and gas company's stock worth $47,000 after acquiring an additional 396 shares during the last quarter. Finally, DHJJ Financial Advisors Ltd. bought a new stake in shares of Exxon Mobil during the 3rd quarter worth $49,000. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,400 shares of the business's stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $105.00, for a total transaction of $252,000.00. Following the sale, the vice president now owns 30,189 shares of the company's stock, valued at $3,169,845. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.06% of the stock is owned by corporate insiders.

Exxon Mobil Trading Down 0.6 %

Shares of NYSE XOM traded down $0.69 during midday trading on Monday, hitting $119.68. 15,000,638 shares of the company traded hands, compared to its average volume of 18,356,648. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $123.75. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.09 and a current ratio of 1.48. The stock has a 50-day moving average price of $110.24 and a 200 day moving average price of $106.12. The firm has a market cap of $474.87 billion, a P/E ratio of 13.46, a P/E/G ratio of 4.21 and a beta of 0.96.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings results on Friday, February 2nd. The oil and gas company reported $2.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.20 by $0.28. Exxon Mobil had a net margin of 10.45% and a return on equity of 18.51%. The company had revenue of $84.34 billion for the quarter, compared to analysts' expectations of $90.03 billion. During the same quarter in the previous year, the company earned $3.40 earnings per share. Exxon Mobil's quarterly revenue was down 11.6% on a year-over-year basis. As a group, analysts expect that Exxon Mobil Co. will post 9.54 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Wednesday, February 14th were given a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a dividend yield of 3.18%. The ex-dividend date was Tuesday, February 13th. Exxon Mobil's dividend payout ratio is currently 42.74%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on XOM shares. UBS Group lifted their price objective on shares of Exxon Mobil from $133.00 to $150.00 and gave the stock a "buy" rating in a report on Thursday. Piper Sandler dropped their price objective on shares of Exxon Mobil from $142.00 to $130.00 and set an "overweight" rating for the company in a report on Thursday, March 14th. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $120.00 price objective on shares of Exxon Mobil in a report on Monday, February 5th. TD Cowen lifted their price objective on shares of Exxon Mobil from $115.00 to $120.00 and gave the stock a "buy" rating in a report on Monday, April 1st. Finally, Truist Financial lifted their target price on shares of Exxon Mobil from $140.00 to $146.00 and gave the stock a "buy" rating in a research report on Friday, April 5th. Nine investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $131.44.

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.