Disciplined Equity Management Inc. Makes New Investment in Exxon Mobil Co. (NYSE:XOM)

Disciplined Equity Management Inc. bought a new stake in shares of Exxon Mobil Co. (NYSE:XOM) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 1,424 shares of the oil and gas company’s stock, valued at approximately $142,000.

Several other institutional investors have also added to or reduced their stakes in the business. Traynor Capital Management Inc. grew its position in shares of Exxon Mobil by 4.2% in the third quarter. Traynor Capital Management Inc. now owns 2,346 shares of the oil and gas company’s stock valued at $276,000 after purchasing an additional 94 shares during the last quarter. Money Concepts Capital Corp boosted its position in Exxon Mobil by 3.1% during the third quarter. Money Concepts Capital Corp now owns 3,119 shares of the oil and gas company’s stock worth $367,000 after acquiring an additional 95 shares during the last quarter. Defined Wealth Management LLC boosted its position in Exxon Mobil by 2.4% during the third quarter. Defined Wealth Management LLC now owns 4,051 shares of the oil and gas company’s stock worth $476,000 after acquiring an additional 96 shares during the last quarter. Well Done LLC boosted its position in Exxon Mobil by 0.8% during the third quarter. Well Done LLC now owns 12,436 shares of the oil and gas company’s stock worth $1,462,000 after acquiring an additional 97 shares during the last quarter. Finally, Crown Wealth Group LLC boosted its position in Exxon Mobil by 2.4% during the third quarter. Crown Wealth Group LLC now owns 4,154 shares of the oil and gas company’s stock worth $488,000 after acquiring an additional 97 shares during the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on XOM. Truist Financial raised their target price on shares of Exxon Mobil from $140.00 to $146.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. Scotiabank increased their price target on shares of Exxon Mobil from $114.00 to $129.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 11th. Wells Fargo & Company increased their price target on shares of Exxon Mobil from $126.00 to $138.00 and gave the stock an “overweight” rating in a research note on Thursday, April 4th. Piper Sandler increased their price target on shares of Exxon Mobil from $130.00 to $145.00 and gave the stock an “overweight” rating in a research note on Thursday, April 18th. Finally, Mizuho reaffirmed a “neutral” rating and set a $125.00 price target 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 issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $132.28.

Exxon Mobil Stock Performance

Shares of NYSE XOM traded down $4.74 during midday trading on Friday, hitting $116.59. The company’s stock had a trading volume of 10,969,146 shares, compared to its average volume of 18,002,309. The firm has a market cap of $461.49 billion, a P/E ratio of 13.11, a P/E/G ratio of 4.16 and a beta of 0.96. The firm’s fifty day moving average price is $113.04 and its 200-day moving average price is $106.62. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $123.75. 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 (NYSE:XOM) last released its earnings results on Friday, April 26th. The oil and gas company reported $2.06 earnings per share for the quarter, missing the consensus estimate of $2.19 by ($0.13). The firm had revenue of $83.08 billion during the quarter, compared to analysts’ expectations of $79.69 billion. Exxon Mobil had a return on equity of 18.51% and a net margin of 10.45%. The business’s revenue was down 4.0% on a year-over-year basis. During the same period last year, the business earned $2.83 earnings per share. On average, sell-side analysts forecast that Exxon Mobil Co. will post 9.7 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Wednesday, February 14th were given a dividend of $0.95 per share. The ex-dividend date of this dividend was Tuesday, February 13th. This represents a $3.80 dividend on an annualized basis and a yield of 3.26%. Exxon Mobil’s payout ratio is presently 42.74%.

Insiders Place Their Bets

In other news, VP Darrin L. Talley sold 2,400 shares of the business’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $105.00, for a total value of $252,000.00. Following the completion of the sale, the vice president now owns 30,189 shares of the company’s stock, valued at $3,169,845. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.03% of the company’s stock.

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.