PCG Asset Management LLC Acquires New Position in Exxon Mobil Co. (NYSE:XOM)

PCG Asset Management LLC 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 6,025 shares of the oil and gas company’s stock, valued at approximately $648,000.

Several other hedge funds and other institutional investors have also bought and sold shares of XOM. Greenwich Wealth Management LLC lifted its stake in Exxon Mobil by 1.3% during the 3rd quarter. Greenwich Wealth Management LLC now owns 12,943 shares of the oil and gas company’s stock valued at $1,517,000 after acquiring an additional 165 shares during the period. Sollinda Capital Management LLC lifted its stake in Exxon Mobil by 10.9% during the 3rd quarter. Sollinda Capital Management LLC now owns 3,867 shares of the oil and gas company’s stock valued at $453,000 after acquiring an additional 380 shares during the period. Argonautica Private Wealth Management Inc. lifted its stake in Exxon Mobil by 1.1% during the 3rd quarter. Argonautica Private Wealth Management Inc. now owns 23,239 shares of the oil and gas company’s stock valued at $2,724,000 after acquiring an additional 259 shares during the period. Princeton Global Asset Management LLC lifted its stake in Exxon Mobil by 5.6% during the 3rd quarter. Princeton Global Asset Management LLC now owns 14,904 shares of the oil and gas company’s stock valued at $1,747,000 after acquiring an additional 788 shares during the period. Finally, Clear Creek Financial Management LLC lifted its stake in Exxon Mobil by 5.0% during the 3rd quarter. Clear Creek Financial Management LLC now owns 9,549 shares of the oil and gas company’s stock valued at $1,119,000 after acquiring an additional 454 shares during the period. Institutional investors own 61.80% of the company’s stock.

Insider Buying and Selling at Exxon Mobil

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. Insiders own 0.03% of the company’s stock.

Exxon Mobil Trading Down 3.3 %

Shares of XOM opened at $107.69 on Tuesday. 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 $104.03 and a 1 year high of $126.34. The company has a 50 day simple moving average of $108.98 and a two-hundred day simple moving average of $114.12. The firm has a market cap of $467.28 billion, a P/E ratio of 13.74, a price-to-earnings-growth ratio of 3.02 and a beta of 0.89.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business earned $2.48 EPS. On average, equities analysts expect that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th will be issued a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 3.68%. The ex-dividend date is Wednesday, February 12th. Exxon Mobil’s dividend payout ratio (DPR) is currently 50.51%.

Analyst Upgrades and Downgrades

XOM has been the topic of several research analyst reports. Morgan Stanley upped their target price on shares of Exxon Mobil from $139.00 to $140.00 in a research note on Friday, January 31st. Wells Fargo & Company lowered their price objective on shares of Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating on the stock in a research note on Monday, February 3rd. BMO Capital Markets lowered their price objective on shares of Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating on the stock in a research note on Friday, January 31st. TD Cowen lowered their price objective on shares of Exxon Mobil from $132.00 to $128.00 and set a “buy” rating on the stock in a research note on Monday, December 16th. Finally, Truist Financial increased their price objective on shares of Exxon Mobil from $117.00 to $119.00 and gave the stock a “hold” rating in a research note on Monday, January 13th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price 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.