Clune & Associates LTD. Acquires New Position in Exxon Mobil Co. (NYSE:XOM)

Clune & Associates LTD. acquired a new stake in shares of Exxon Mobil Co. (NYSE:XOM) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 11,730 shares of the oil and gas company’s stock, valued at approximately $1,262,000.

Several other institutional investors also recently bought and sold shares of the company. Crowley Wealth Management Inc. purchased a new stake in Exxon Mobil during the 4th quarter valued at about $321,000. FCA Corp TX grew its position in Exxon Mobil by 12.8% during the 4th quarter. FCA Corp TX now owns 2,625 shares of the oil and gas company’s stock valued at $282,000 after purchasing an additional 297 shares during the last quarter. Community Bank N.A. boosted its holdings in shares of Exxon Mobil by 1.6% during the 4th quarter. Community Bank N.A. now owns 57,035 shares of the oil and gas company’s stock valued at $6,135,000 after acquiring an additional 913 shares during the last quarter. Napatree Capital LLC boosted its holdings in shares of Exxon Mobil by 11.4% during the 4th quarter. Napatree Capital LLC now owns 9,435 shares of the oil and gas company’s stock valued at $1,015,000 after acquiring an additional 962 shares during the last quarter. Finally, Mosley Wealth Management boosted its holdings in shares of Exxon Mobil by 20.1% during the 4th quarter. Mosley Wealth Management now owns 8,594 shares of the oil and gas company’s stock valued at $934,000 after acquiring an additional 1,440 shares during the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, VP Darrin L. Talley sold 2,100 shares of the firm’s stock in a transaction on Tuesday, February 4th. The shares were 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 directly owns 18,087 shares of the company’s stock, valued at approximately $1,989,570. This trade represents a 10.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.03% of the company’s stock.

Exxon Mobil Trading Down 0.5 %

Exxon Mobil stock opened at $115.30 on Monday. The stock has a market cap of $500.29 billion, a P/E ratio of 14.71, a PEG ratio of 3.02 and a beta of 0.83. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. Exxon Mobil Co. has a 1 year low of $103.67 and a 1 year high of $126.34. The firm’s 50 day moving average price is $110.09 and its 200-day moving average price is $113.57.

Exxon Mobil (NYSE:XOM) last released 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 net margin of 9.63% and a return on equity of 12.92%. During the same quarter in the prior year, the firm posted $2.48 EPS. On average, equities analysts predict that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th were given a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 3.43%. The ex-dividend date of this dividend was Wednesday, February 12th. Exxon Mobil’s payout ratio is currently 50.51%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on XOM shares. Truist Financial raised their price target on shares of Exxon Mobil from $117.00 to $119.00 and gave the company a “hold” rating in a report on Monday, January 13th. 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. The Goldman Sachs Group dropped their price target on shares of Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. HSBC dropped their price target 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. Finally, Argus upgraded shares of Exxon Mobil to a “strong-buy” rating in a research note on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $129.15.

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.