Cassaday & Co Wealth Management LLC Grows Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Cassaday & Co Wealth Management LLC lifted its position in Exxon Mobil Co. (NYSE:XOM) by 21.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 68,469 shares of the oil and gas company’s stock after buying an additional 12,133 shares during the quarter. Cassaday & Co Wealth Management LLC’s holdings in Exxon Mobil were worth $7,365,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Compass Capital Corp MA ADV purchased a new stake in shares of Exxon Mobil during the fourth quarter worth $2,877,000. Timonier Family Office LTD. acquired a new position in shares of Exxon Mobil during the fourth quarter worth about $296,000. Cordatus Wealth Management LLC grew its position in shares of Exxon Mobil by 4.8% during the fourth quarter. Cordatus Wealth Management LLC now owns 7,438 shares of the oil and gas company’s stock worth $800,000 after buying an additional 341 shares in the last quarter. Centricity Wealth Management LLC purchased a new stake in shares of Exxon Mobil during the fourth quarter worth approximately $83,000. Finally, JMG Financial Group Ltd. raised its holdings in Exxon Mobil by 8.7% in the fourth quarter. JMG Financial Group Ltd. now owns 4,592 shares of the oil and gas company’s stock valued at $494,000 after acquiring an additional 369 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Trading Up 0.4 %

Shares of Exxon Mobil stock opened at $111.18 on Tuesday. The company’s fifty day moving average is $108.65 and its two-hundred day moving average is $114.44. Exxon Mobil Co. has a 1 year low of $103.05 and a 1 year 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. The company has a market capitalization of $482.42 billion, a P/E ratio of 14.18, a PEG ratio of 3.02 and a beta of 0.89.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data 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 period last year, the firm earned $2.48 EPS. Analysts forecast that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The company also recently disclosed 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 annualized dividend and a yield of 3.56%. Exxon Mobil’s dividend payout ratio is currently 50.51%.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the business’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total transaction of $231,000.00. Following the transaction, the vice president now owns 18,087 shares in the company, valued at approximately $1,989,570. The trade was a 10.40 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.03% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have commented on XOM. Scotiabank dropped their price objective on shares of Exxon Mobil from $145.00 to $140.00 in a research report on Friday, January 31st. Piper Sandler dropped their target price on Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating on the stock in a report on Thursday, December 19th. BMO Capital Markets decreased their price target on Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating for the company in a report on Friday, January 31st. Wells Fargo & Company dropped their price objective on Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating on the stock in a report on Monday, February 3rd. Finally, Mizuho decreased their target price on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating for the company in a research note on Monday, December 16th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $129.25.

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.