Marks Group Wealth Management Inc Acquires 2,253 Shares of Exxon Mobil Co. (NYSE:XOM)

Marks Group Wealth Management Inc lifted its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 7.8% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 31,242 shares of the oil and gas company’s stock after acquiring an additional 2,253 shares during the period. Marks Group Wealth Management Inc’s holdings in Exxon Mobil were worth $3,124,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Orion Capital Management LLC bought a new position in Exxon Mobil during the 3rd quarter valued at about $91,000. Authentikos Wealth Advisory LLC bought a new position in Exxon Mobil during the 3rd quarter valued at about $92,000. Keener Financial Planning LLC bought a new position in Exxon Mobil during the 4th quarter valued at about $80,000. Sumitomo Mitsui Financial Group Inc. lifted its holdings in Exxon Mobil by 851.6% during the 3rd quarter. Sumitomo Mitsui Financial Group Inc. now owns 885 shares of the oil and gas company’s stock valued at $106,000 after purchasing an additional 792 shares during the last quarter. Finally, TFO Wealth Partners LLC lifted its holdings in Exxon Mobil by 118.5% during the 3rd quarter. TFO Wealth Partners LLC now owns 968 shares of the oil and gas company’s stock valued at $104,000 after purchasing an additional 525 shares during the last quarter. 61.80% of the stock is owned by institutional investors.

Exxon Mobil Stock Up 0.0 %

Shares of NYSE XOM opened at $121.05 on Thursday. The stock has a market cap of $479.15 billion, a P/E ratio of 13.62, a P/E/G ratio of 4.16 and a beta of 0.96. The firm has a 50 day moving average price of $112.69 and a 200 day moving average price of $106.51. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.09 and a current ratio of 1.48. Exxon Mobil Co. has a 52-week low of $95.77 and a 52-week high of $123.75.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, February 2nd. The oil and gas company reported $2.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.20 by $0.28. The firm had revenue of $84.34 billion during the quarter, compared to analysts’ expectations of $90.03 billion. Exxon Mobil had a net margin of 10.45% and a return on equity of 18.51%. The business’s revenue for the quarter was down 11.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.40 earnings per share. Analysts expect that Exxon Mobil Co. will post 9.7 EPS for the current year.

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Wednesday, February 14th were paid a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a yield of 3.14%. The ex-dividend date of this dividend was Tuesday, February 13th. Exxon Mobil’s payout ratio is currently 42.74%.

Analyst Ratings Changes

XOM has been the subject of several analyst reports. Piper Sandler lifted their price target on shares of Exxon Mobil from $130.00 to $145.00 and gave the company an “overweight” rating in a report on Thursday, April 18th. TD Cowen boosted their target price on shares of Exxon Mobil from $115.00 to $120.00 and gave the stock a “buy” rating in a research note on Monday, April 1st. Barclays initiated coverage on shares of Exxon Mobil in a research note on Wednesday, April 10th. They issued an “overweight” rating and a $147.00 target price for the company. Redburn Atlantic raised shares of Exxon Mobil from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $116.00 to $119.00 in a research note on Tuesday, January 9th. Finally, Mizuho reaffirmed a “neutral” rating and issued a $125.00 target price on shares of Exxon Mobil in a research note on Thursday, April 4th. Eight analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $132.28.

Insider Buying and Selling at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,400 shares of Exxon Mobil stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $105.00, for a total value of $252,000.00. Following the transaction, the vice president now owns 30,189 shares of the company’s stock, valued at $3,169,845. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.03% of the company’s stock.

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.