United Asset Strategies Inc. Purchases 14,971 Shares of Exxon Mobil Co. (NYSE:XOM)

United Asset Strategies Inc. raised its holdings in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 36.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 56,143 shares of the oil and gas company's stock after acquiring an additional 14,971 shares during the quarter. United Asset Strategies Inc.'s holdings in Exxon Mobil were worth $5,613,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Traynor Capital Management Inc. increased its position in shares of Exxon Mobil by 4.2% during the 3rd quarter. Traynor Capital Management Inc. now owns 2,346 shares of the oil and gas company's stock worth $276,000 after purchasing an additional 94 shares during the last quarter. Money Concepts Capital Corp increased its holdings in Exxon Mobil by 3.1% during the third quarter. Money Concepts Capital Corp now owns 3,119 shares of the oil and gas company's stock worth $367,000 after buying an additional 95 shares during the last quarter. Defined Wealth Management LLC raised its position in Exxon Mobil by 2.4% during the third quarter. Defined Wealth Management LLC now owns 4,051 shares of the oil and gas company's stock worth $476,000 after acquiring an additional 96 shares in the last quarter. Fluent Financial LLC lifted its stake in Exxon Mobil by 2.8% in the third quarter. Fluent Financial LLC now owns 3,610 shares of the oil and gas company's stock valued at $424,000 after acquiring an additional 97 shares during the last quarter. Finally, Well Done LLC grew its position in shares of Exxon Mobil by 0.8% in the 3rd quarter. Well Done LLC now owns 12,436 shares of the oil and gas company's stock valued at $1,462,000 after acquiring an additional 97 shares during the period. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on XOM shares. Royal Bank of Canada reiterated a "sector perform" rating and issued a $120.00 target price on shares of Exxon Mobil in a research note on Monday, February 5th. UBS Group lifted their target price on Exxon Mobil from $133.00 to $150.00 and gave the stock a "buy" rating in a research note on Thursday, April 11th. Scotiabank raised their price target on Exxon Mobil from $114.00 to $129.00 and gave the company a "sector perform" rating in a report on Thursday, April 11th. Truist Financial upped their price objective on shares of Exxon Mobil from $140.00 to $146.00 and gave the company a "buy" rating in a report on Friday, April 5th. Finally, Redburn Atlantic raised shares of Exxon Mobil from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $116.00 to $119.00 in a report on Tuesday, January 9th. Nine equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, Exxon Mobil currently has an average rating of "Moderate Buy" and an average price target of $132.28.

Insider Buying and Selling

In other Exxon Mobil news, VP Darrin L. Talley sold 2,400 shares of Exxon Mobil stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total value of $252,000.00. Following the transaction, the vice president now owns 30,189 shares in the company, valued at $3,169,845. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.06% of the stock is owned by corporate insiders.

Exxon Mobil Price Performance

XOM traded down $0.17 on Thursday, hitting $118.46. 13,815,115 shares of the stock were exchanged, compared to its average volume of 18,241,619. The firm has a market capitalization of $468.90 billion, a price-to-earnings ratio of 13.40, a PEG ratio of 4.08 and a beta of 0.96. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.48 and a quick ratio of 1.09. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $123.75. The business has a 50-day moving average of $110.89 and a two-hundred day moving average of $106.22.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings results on Friday, February 2nd. The oil and gas company reported $2.48 earnings per share (EPS) for the quarter, topping 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 business had revenue of $84.34 billion for the quarter, compared to analyst estimates of $90.03 billion. During the same quarter last year, the business posted $3.40 EPS. The firm's revenue for the quarter was down 11.6% on a year-over-year basis. Sell-side analysts forecast that Exxon Mobil Co. will post 9.7 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Wednesday, February 14th were issued a dividend of $0.95 per share. The ex-dividend date was Tuesday, February 13th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.21%. Exxon Mobil's dividend payout ratio (DPR) is currently 42.74%.

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.