Centerpoint Advisory Group Invests $289,000 in Exxon Mobil Co. (NYSE:XOM)

Centerpoint Advisory Group bought a new position in Exxon Mobil Co. (NYSE:XOM) during the fourth quarter, HoldingsChannel.com reports. The fund bought 2,683 shares of the oil and gas company’s stock, valued at approximately $289,000.

Several other institutional investors also recently bought and sold shares of the company. Brown Lisle Cummings Inc. increased its holdings in shares of Exxon Mobil by 14.0% in the 3rd quarter. Brown Lisle Cummings Inc. now owns 26,825 shares of the oil and gas company’s stock worth $3,144,000 after purchasing an additional 3,296 shares in the last quarter. Penn Davis Mcfarland Inc. raised its position in Exxon Mobil by 9.2% in the 3rd quarter. Penn Davis Mcfarland Inc. now owns 11,859 shares of the oil and gas company’s stock worth $1,390,000 after buying an additional 999 shares during the last quarter. Violich Capital Management Inc. boosted its holdings in shares of Exxon Mobil by 5.4% during the 3rd quarter. Violich Capital Management Inc. now owns 47,247 shares of the oil and gas company’s stock valued at $5,538,000 after acquiring an additional 2,438 shares during the last quarter. Koss Olinger Consulting LLC boosted its holdings in shares of Exxon Mobil by 12.1% during the 3rd quarter. Koss Olinger Consulting LLC now owns 6,097 shares of the oil and gas company’s stock valued at $715,000 after acquiring an additional 656 shares during the last quarter. Finally, Trilogy Capital Inc. grew its stake in shares of Exxon Mobil by 0.3% in the third quarter. Trilogy Capital Inc. now owns 30,278 shares of the oil and gas company’s stock worth $3,549,000 after acquiring an additional 102 shares during the period. 61.80% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Stock Performance

NYSE:XOM opened at $110.05 on Wednesday. The firm has a market capitalization of $483.66 billion, a PE ratio of 14.04, a PEG ratio of 2.94 and a beta of 0.89. The stock’s fifty day moving average is $108.68 and its 200 day moving average is $114.61. Exxon Mobil Co. has a fifty-two week low of $102.64 and a fifty-two week high of $126.34. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share 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 previous year, the company posted $2.48 earnings per share. On average, sell-side analysts anticipate that Exxon Mobil Co. will post 7.37 earnings per share for the current year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th will be given a dividend of $0.99 per share. The ex-dividend date is Wednesday, February 12th. This represents a $3.96 annualized dividend and a dividend yield of 3.60%. Exxon Mobil’s dividend payout ratio (DPR) is 50.51%.

Insider Activity

In related news, VP Darrin L. Talley sold 2,100 shares of Exxon Mobil stock in a transaction dated 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. This trade represents a 10.40 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on XOM shares. The Goldman Sachs Group lowered their price target on Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. BMO Capital Markets lowered their price target on Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating on the stock in a report on Friday, January 31st. Argus raised shares of Exxon Mobil to a “strong-buy” rating in a report on Tuesday, February 4th. JPMorgan Chase & Co. dropped their target price on shares of Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating for the company in a research report on Monday, December 16th. Finally, Truist Financial raised their target price on shares of Exxon Mobil from $117.00 to $119.00 and gave the company a “hold” rating in a research note on Monday, January 13th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Exxon Mobil has an average rating of “Moderate Buy” and a consensus target price 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.