Sulzberger Capital Advisors Inc. Purchases New Shares in Exxon Mobil Co. (NYSE:XOM)

Sulzberger Capital Advisors Inc. acquired a new position in Exxon Mobil Co. (NYSE:XOM - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 7,004 shares of the oil and gas company's stock, valued at approximately $753,000. Exxon Mobil comprises 0.9% of Sulzberger Capital Advisors Inc.'s investment portfolio, making the stock its 25th biggest holding.

Several other large investors have also bought and sold shares of the stock. Westbourne Investments Inc. purchased a new position in shares of Exxon Mobil in the 4th quarter worth approximately $457,000. Freestone Grove Partners LP purchased a new position in shares of Exxon Mobil in the 4th quarter worth about $103,668,000. RBO & Co. LLC grew its position in Exxon Mobil by 1.6% during the fourth quarter. RBO & Co. LLC now owns 127,735 shares of the oil and gas company's stock valued at $13,740,000 after buying an additional 2,043 shares during the period. Wise Wealth Partners purchased a new stake in Exxon Mobil during the fourth quarter worth about $226,000. Finally, Parvin Asset Management LLC bought a new stake in Exxon Mobil in the fourth quarter worth about $1,291,000. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Trading Up 0.4 %

Shares of XOM traded up $0.42 during mid-day trading on Friday, reaching $106.20. The company's stock had a trading volume of 16,574,731 shares, compared to its average volume of 15,720,353. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. Exxon Mobil Co. has a 52 week low of $97.80 and a 52 week high of $126.34. The company's fifty day moving average price is $109.36 and its two-hundred day moving average price is $111.67. The stock has a market cap of $459.35 billion, a PE ratio of 13.55, a P/E/G ratio of 3.02 and a beta of 0.51.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.73 by $0.03. The business had revenue of $83.13 billion during the quarter, compared to analyst estimates of $86.11 billion. Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. The company's revenue was up .1% on a year-over-year basis. During the same period in the prior year, the business posted $2.06 earnings per share. On average, analysts predict that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th will be given a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.73%. Exxon Mobil's payout ratio is currently 50.51%.

Wall Street Analysts Forecast Growth

XOM has been the subject of several research analyst reports. Truist Financial raised their price target on shares of Exxon Mobil from $117.00 to $119.00 and gave the stock a "hold" rating in a research note on Monday, January 13th. UBS Group cut their price target on Exxon Mobil from $135.00 to $131.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Barclays lowered their price objective on Exxon Mobil from $135.00 to $130.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 23rd. Morgan Stanley reduced their target price on shares of Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating for the company in a research note on Thursday, March 27th. Finally, The Goldman Sachs Group dropped their price objective on Exxon Mobil from $125.00 to $123.00 and set a "neutral" rating on the stock in a report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $126.50.

Insider Transactions at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the firm's stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total value of $231,000.00. Following the sale, the vice president now owns 18,087 shares of the company's stock, valued at $1,989,570. This trade represents a 10.40 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.03% of the company's stock.

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.