Accel Wealth Management Buys 535 Shares of Exxon Mobil Co. (NYSE:XOM)

Accel Wealth Management increased its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 11.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,364 shares of the oil and gas company’s stock after acquiring an additional 535 shares during the quarter. Accel Wealth Management’s holdings in Exxon Mobil were worth $536,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of XOM. Moneta Group Investment Advisors LLC grew its stake in Exxon Mobil by 140,855.3% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 123,341,568 shares of the oil and gas company’s stock worth $13,604,575,000 after buying an additional 123,254,064 shares in the last quarter. Norges Bank acquired a new stake in shares of Exxon Mobil in the 4th quarter valued at approximately $5,226,390,000. Imprint Wealth LLC boosted its stake in shares of Exxon Mobil by 9,115.2% in the 2nd quarter. Imprint Wealth LLC now owns 11,304,343 shares of the oil and gas company’s stock valued at $1,130,434,000 after purchasing an additional 11,181,673 shares in the last quarter. Morgan Stanley boosted its stake in shares of Exxon Mobil by 11.9% in the 4th quarter. Morgan Stanley now owns 52,478,674 shares of the oil and gas company’s stock valued at $5,788,398,000 after purchasing an additional 5,566,797 shares in the last quarter. Finally, FMR LLC boosted its stake in shares of Exxon Mobil by 3.0% in the 3rd quarter. FMR LLC now owns 145,199,301 shares of the oil and gas company’s stock valued at $17,072,534,000 after purchasing an additional 4,162,149 shares in the last quarter. 61.80% of the stock is owned by institutional investors.

Insider Activity

In related news, VP Darrin L. Talley sold 2,400 shares of Exxon Mobil stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $105.00, for a total value of $252,000.00. Following the completion of the sale, the vice president now owns 30,189 shares of the company’s stock, valued at approximately $3,169,845. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.06% of the stock is currently owned by company insiders.

Exxon Mobil Stock Performance

NYSE:XOM opened at $116.24 on Friday. The company has a fifty day moving average of $105.34 and a 200-day moving average of $105.96. The firm has a market capitalization of $461.22 billion, a P/E ratio of 13.08, a P/E/G ratio of 4.21 and a beta of 0.96. The company has a quick ratio of 1.09, a current ratio of 1.48 and a debt-to-equity ratio of 0.18. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $120.70.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, February 2nd. The oil and gas company reported $2.48 earnings per share for the quarter, beating the consensus estimate of $2.20 by $0.28. The company had revenue of $84.34 billion during the quarter, compared to analyst estimates of $90.03 billion. Exxon Mobil had a net margin of 10.45% and a return on equity of 18.51%. Exxon Mobil’s revenue for the quarter was down 11.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.40 EPS. As a group, sell-side analysts anticipate that Exxon Mobil Co. will post 9.11 EPS for the current year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Wednesday, February 14th were paid a $0.95 dividend. The ex-dividend date of this dividend was Tuesday, February 13th. This represents a $3.80 annualized dividend and a dividend yield of 3.27%. Exxon Mobil’s dividend payout ratio is currently 42.74%.

Analysts Set New Price Targets

XOM has been the topic of a number of research analyst reports. UBS Group reduced their price target on shares of Exxon Mobil from $133.00 to $132.00 and set a “buy” rating on the stock in a research note on Tuesday, January 23rd. Erste Group Bank restated a “hold” rating on shares of Exxon Mobil in a research note on Friday, December 22nd. Piper Sandler reduced their price target on shares of Exxon Mobil from $142.00 to $130.00 and set an “overweight” rating on the stock in a research note on Thursday, March 14th. Royal Bank of Canada reiterated a “sector perform” rating and set a $120.00 target price on shares of Exxon Mobil in a research report on Monday, February 5th. Finally, Redburn Atlantic upgraded 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 research report on Tuesday, January 9th. Nine analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, Exxon Mobil presently has an average rating of “Moderate Buy” and a consensus target price of $128.18.

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.