Naviter Wealth LLC Has $16.51 Million Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Naviter Wealth LLC boosted its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 2.3% in the fourth quarter, HoldingsChannel reports. The firm owned 153,513 shares of the oil and gas company’s stock after acquiring an additional 3,448 shares during the period. Exxon Mobil makes up 2.0% of Naviter Wealth LLC’s portfolio, making the stock its 10th biggest position. Naviter Wealth LLC’s holdings in Exxon Mobil were worth $16,513,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Keystone Financial Group Inc. bought a new position in Exxon Mobil in the 4th quarter worth approximately $36,000. Retirement Wealth Solutions LLC bought a new stake in shares of Exxon Mobil during the fourth quarter worth $46,000. Compass Planning Associates Inc acquired a new position in shares of Exxon Mobil during the fourth quarter valued at $47,000. Peterson Financial Group Inc. bought a new position in Exxon Mobil in the third quarter valued at about $51,000. Finally, Synergy Investment Management LLC acquired a new stake in Exxon Mobil in the fourth quarter worth about $47,000. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Trading Up 1.3 %

Shares of NYSE:XOM opened at $109.05 on Friday. The firm has a market cap of $473.20 billion, a price-to-earnings ratio of 13.91, a PEG ratio of 3.02 and a beta of 0.83. Exxon Mobil Co. has a 12 month low of $103.67 and a 12 month high of $126.34. The company’s fifty day simple moving average is $109.05 and its 200 day simple moving average is $113.87. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.77 by ($0.10). Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. During the same period last year, the company posted $2.48 earnings per share. As a group, research analysts forecast that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th will be paid a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.63%. The ex-dividend date of this dividend is Wednesday, February 12th. Exxon Mobil’s payout ratio is 50.51%.

Insiders Place Their Bets

In other news, VP Darrin L. Talley sold 2,100 shares of the business’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. The trade was a 10.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on XOM. The Goldman Sachs Group reduced their target price on shares of Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. Truist Financial raised their price objective on shares of Exxon Mobil from $117.00 to $119.00 and gave the company a “hold” rating in a research note on Monday, January 13th. BMO Capital Markets dropped their target price on shares of Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating for the company in a research report on Friday, January 31st. Argus upgraded Exxon Mobil to a “strong-buy” rating in a research report on Tuesday, February 4th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $115.00 price objective on shares of Exxon Mobil in a research note on Monday, February 3rd. One 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 given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $129.25.

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.