Exxon Mobil Co. (NYSE:XOM) Shares Purchased by LMG Wealth Partners LLC

LMG Wealth Partners LLC raised its holdings in Exxon Mobil Co. (NYSE:XOM) by 0.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 65,704 shares of the oil and gas company’s stock after purchasing an additional 539 shares during the quarter. Exxon Mobil comprises approximately 1.5% of LMG Wealth Partners LLC’s portfolio, making the stock its 21st largest holding. LMG Wealth Partners LLC’s holdings in Exxon Mobil were worth $7,068,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Corps Capital Advisors LLC acquired a new position in Exxon Mobil in the 4th quarter valued at about $574,000. Freedom Day Solutions LLC lifted its position in Exxon Mobil by 34.7% during the 4th quarter. Freedom Day Solutions LLC now owns 27,398 shares of the oil and gas company’s stock worth $2,947,000 after acquiring an additional 7,064 shares during the period. Emerald Advisors LLC grew its stake in shares of Exxon Mobil by 3.5% in the 4th quarter. Emerald Advisors LLC now owns 3,793 shares of the oil and gas company’s stock valued at $408,000 after purchasing an additional 129 shares during the last quarter. Private Wealth Partners LLC increased its holdings in shares of Exxon Mobil by 2.9% in the fourth quarter. Private Wealth Partners LLC now owns 17,425 shares of the oil and gas company’s stock valued at $1,874,000 after purchasing an additional 491 shares during the period. Finally, Sterling Financial Planning Inc. raised its stake in shares of Exxon Mobil by 6.0% during the fourth quarter. Sterling Financial Planning Inc. now owns 8,713 shares of the oil and gas company’s stock worth $937,000 after purchasing an additional 491 shares during the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on XOM shares. JPMorgan Chase & Co. lowered their price objective on shares of Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating on the stock in a research report on Monday, December 16th. HSBC lowered their target price on shares of Exxon Mobil from $125.00 to $123.00 and set a “hold” rating on the stock in a report on Friday, January 31st. Wolfe Research increased their price target on shares of Exxon Mobil from $137.00 to $138.00 in a report on Thursday, October 31st. TD Cowen lowered their price objective on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating on the stock in a report on Monday, December 16th. Finally, Mizuho cut their target price on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating for the company in a research note on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Exxon Mobil currently has a consensus rating of “Moderate Buy” and an average price target of $129.25.

Insider Buying and Selling

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total transaction of $231,000.00. Following the transaction, the vice president now owns 18,087 shares of the company’s stock, valued at $1,989,570. This represents a 10.40 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 0.03% of the stock is owned by company insiders.

Exxon Mobil Price Performance

Shares of NYSE:XOM opened at $110.67 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. The business’s fifty day moving average price is $108.60 and its two-hundred day moving average price is $114.49. The stock has a market cap of $480.20 billion, a PE ratio of 14.12, a price-to-earnings-growth ratio of 3.02 and a beta of 0.89. Exxon Mobil Co. has a one year low of $102.88 and a one year high of $126.34.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 EPS for the quarter, missing analysts’ consensus estimates of $1.77 by ($0.10). Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. During the same period in the previous year, the firm posted $2.48 EPS. On average, analysts forecast that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Wednesday, February 12th will be paid a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 3.58%. The ex-dividend date of this dividend is Wednesday, February 12th. Exxon Mobil’s payout ratio is 50.51%.

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.