Financial Advocates Investment Management Acquires 2,193 Shares of Exxon Mobil Co. (NYSE:XOM)

Financial Advocates Investment Management boosted its holdings in Exxon Mobil Co. (NYSE:XOM) by 6.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 34,918 shares of the oil and gas company’s stock after buying an additional 2,193 shares during the period. Financial Advocates Investment Management’s holdings in Exxon Mobil were worth $3,756,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of XOM. Retirement Wealth Solutions LLC acquired a new position in Exxon Mobil in the 4th quarter valued at approximately $46,000. Peterson Financial Group Inc. bought a new stake in shares of Exxon Mobil during the third quarter valued at approximately $51,000. Highline Wealth Partners LLC acquired a new position in shares of Exxon Mobil in the third quarter valued at $54,000. Harbor Capital Advisors Inc. bought a new position in Exxon Mobil in the third quarter worth $63,000. Finally, Annapolis Financial Services LLC boosted its stake in Exxon Mobil by 284.9% during the third quarter. Annapolis Financial Services LLC now owns 766 shares of the oil and gas company’s stock worth $90,000 after buying an additional 567 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

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

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on XOM shares. BMO Capital Markets dropped their price objective on shares of Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating for the company in a research note on Friday, January 31st. Bank of America began coverage on shares of Exxon Mobil in a research note on Thursday, October 17th. They set a “neutral” rating and a $124.00 price target for the company. 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 research note on Monday, December 16th. Piper Sandler cut their target price on Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating for the company in a research report on Thursday, December 19th. Finally, Argus upgraded Exxon Mobil to a “strong-buy” rating in a research report on Tuesday, February 4th. One 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 issued a strong buy rating to the stock. According to data from MarketBeat, Exxon Mobil currently has a consensus rating of “Moderate Buy” and an average price target of $129.25.

Exxon Mobil Price Performance

Shares of XOM stock opened at $108.87 on Monday. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $478.49 billion, a price-to-earnings ratio of 13.89, a PEG ratio of 2.94 and a beta of 0.89. The firm’s 50 day moving average is $109.41 and its 200-day moving average is $114.97. Exxon Mobil Co. has a 1 year low of $100.42 and a 1 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 earnings per share (EPS) for the quarter, missing the consensus estimate 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 last year, the company posted $2.48 EPS. Sell-side analysts forecast that Exxon Mobil Co. will post 7.37 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 given a $0.99 dividend. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a yield of 3.64%. Exxon Mobil’s payout ratio is 50.51%.

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.