Sunpointe LLC Buys 1,814 Shares of Exxon Mobil Co. (NYSE:XOM)

Sunpointe LLC raised its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 23.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,552 shares of the oil and gas company’s stock after buying an additional 1,814 shares during the quarter. Sunpointe LLC’s holdings in Exxon Mobil were worth $1,027,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. Keystone Financial Group Inc. bought a new stake in shares of Exxon Mobil during the fourth quarter valued at approximately $36,000. Retirement Wealth Solutions LLC bought a new position in Exxon Mobil in the 4th quarter valued at approximately $46,000. Compass Financial Services Inc purchased a new stake in Exxon Mobil during the 4th quarter valued at $48,000. Peterson Financial Group Inc. bought a new stake in shares of Exxon Mobil in the 3rd quarter worth $51,000. Finally, Highline Wealth Partners LLC purchased a new position in shares of Exxon Mobil in the third quarter worth $54,000. 61.80% of the stock is owned by institutional investors.

Insider Buying and Selling at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,100 shares of the company’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total value of $231,000.00. Following the completion of 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.03% of the company’s stock.

Exxon Mobil Trading Down 1.2 %

Shares of NYSE:XOM opened at $110.67 on Friday. The stock has a 50 day moving average of $108.60 and a 200 day moving average of $114.49. The company 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 12-month low of $102.88 and a 12-month high of $126.34. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share 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 quarter in the prior year, the business earned $2.48 earnings per share. As a group, equities research analysts expect that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The firm also recently declared 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. The ex-dividend date is Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a yield of 3.58%. Exxon Mobil’s payout ratio is presently 50.51%.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Morgan Stanley increased their price objective on Exxon Mobil from $139.00 to $140.00 in a research report on Friday, January 31st. UBS Group dropped their price target on shares of Exxon Mobil from $149.00 to $147.00 and set a “buy” rating on the stock in a report on Thursday, December 12th. Royal Bank of Canada reissued a “sector perform” rating and set a $115.00 price objective on shares of Exxon Mobil in a report on Monday, February 3rd. Scotiabank dropped their target price on shares of Exxon Mobil from $145.00 to $140.00 in a report on Friday, January 31st. Finally, Piper Sandler decreased their target price on shares of Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating for the company in a research note on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Exxon Mobil has a consensus rating of “Moderate Buy” and an average price target of $129.25.

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.