1900 Wealth Management LLC Increases Stock Position in Exxon Mobil Co. (NYSE:XOM)

1900 Wealth Management LLC grew its position in shares of Exxon Mobil Co. (NYSE:XOM) by 17.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 34,444 shares of the oil and gas company’s stock after purchasing an additional 5,228 shares during the quarter. 1900 Wealth Management LLC’s holdings in Exxon Mobil were worth $3,705,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Retirement Wealth Solutions LLC acquired a new position in Exxon Mobil in the fourth quarter valued at $46,000. Peterson Financial Group Inc. purchased a new position in shares of Exxon Mobil during the third quarter worth about $51,000. Highline Wealth Partners LLC acquired a new position in Exxon Mobil in the 3rd quarter valued at about $54,000. Harbor Capital Advisors Inc. purchased a new stake in Exxon Mobil during the 3rd quarter valued at approximately $63,000. Finally, Annapolis Financial Services LLC lifted its position in Exxon Mobil by 284.9% during the 3rd quarter. Annapolis Financial Services LLC now owns 766 shares of the oil and gas company’s stock worth $90,000 after acquiring an additional 567 shares during the period. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Price Performance

Exxon Mobil stock opened at $108.87 on Monday. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. The firm’s 50-day simple moving average is $109.41 and its 200 day simple moving average is $114.97. Exxon Mobil Co. has a 52 week low of $100.42 and a 52 week high of $126.34. The firm has a market capitalization of $478.49 billion, a PE ratio of 13.89, a P/E/G ratio of 2.94 and a beta of 0.89.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 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 quarter last year, the business earned $2.48 earnings per share. On average, equities research analysts predict that Exxon Mobil Co. will post 7.37 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th will be given a $0.99 dividend. The ex-dividend date is Wednesday, February 12th. This represents a $3.96 annualized dividend and a dividend yield of 3.64%. Exxon Mobil’s dividend payout ratio is currently 50.51%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on XOM shares. Royal Bank of Canada reissued a “sector perform” rating and issued a $115.00 target price on shares of Exxon Mobil in a report on Monday, February 3rd. Bank of America began coverage on shares of Exxon Mobil in a research note on Thursday, October 17th. They issued a “neutral” rating and a $124.00 price objective on the stock. The Goldman Sachs Group reduced their target price on shares of Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. Piper Sandler dropped their price target on shares of Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating on the stock in a research note on Thursday, December 19th. Finally, Wolfe Research raised their price objective on shares of Exxon Mobil from $137.00 to $138.00 in a research report on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $129.25.

Insider Activity at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the company’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total value of $231,000.00. Following the transaction, the vice president now directly owns 18,087 shares in the company, valued at approximately $1,989,570. This represents a 10.40 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.03% of the company’s stock.

Exxon Mobil 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.