WMG Financial Advisors LLC Purchases 492 Shares of Exxon Mobil Co. (NYSE:XOM)

WMG Financial Advisors LLC raised its position in Exxon Mobil Co. (NYSE:XOM) by 6.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,715 shares of the oil and gas company’s stock after buying an additional 492 shares during the quarter. WMG Financial Advisors LLC’s holdings in Exxon Mobil were worth $938,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Bank of New York Mellon Corp lifted its position in shares of Exxon Mobil by 14.4% during the fourth quarter. Bank of New York Mellon Corp now owns 43,983,110 shares of the oil and gas company’s stock worth $4,731,263,000 after acquiring an additional 5,538,694 shares in the last quarter. Pacer Advisors Inc. raised its stake in shares of Exxon Mobil by 1,524.1% during the 4th quarter. Pacer Advisors Inc. now owns 5,445,922 shares of the oil and gas company’s stock valued at $585,818,000 after purchasing an additional 5,110,603 shares during the period. Franklin Resources Inc. raised its stake in shares of Exxon Mobil by 16.3% during the 3rd quarter. Franklin Resources Inc. now owns 31,522,556 shares of the oil and gas company’s stock valued at $3,936,929,000 after purchasing an additional 4,415,012 shares during the period. Proficio Capital Partners LLC lifted its holdings in Exxon Mobil by 13,899.5% during the 4th quarter. Proficio Capital Partners LLC now owns 1,888,812 shares of the oil and gas company’s stock worth $1,963,000 after purchasing an additional 1,875,320 shares in the last quarter. Finally, Strategic Financial Concepts LLC boosted its stake in Exxon Mobil by 11,131.0% in the 4th quarter. Strategic Financial Concepts LLC now owns 1,792,811 shares of the oil and gas company’s stock worth $192,853,000 after purchasing an additional 1,776,848 shares during the period. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Down 0.2 %

Shares of NYSE XOM opened at $107.55 on Wednesday. The stock has a market capitalization of $466.67 billion, a P/E ratio of 13.72, a PEG ratio of 3.02 and a beta of 0.89. Exxon Mobil Co. has a one year low of $104.32 and a one year high of $126.34. The firm’s 50 day simple moving average is $109.00 and its two-hundred day simple moving average is $114.04. 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 (NYSE:XOM) last released its earnings results on Friday, January 31st. The oil and gas company reported $1.67 EPS 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 prior year, the business posted $2.48 EPS. As a group, analysts expect that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

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

Insider Activity

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

Analysts Set New Price Targets

Several brokerages have recently weighed in on XOM. Mizuho decreased their price target on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating on the stock in a research report on Monday, December 16th. Bernstein Bank upped their target price on shares of Exxon Mobil from $138.00 to $144.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. TD Cowen cut their price target on shares of Exxon Mobil from $132.00 to $128.00 and set a “buy” rating for the company in a report on Monday, December 16th. Piper Sandler decreased their price target on shares of Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating on the stock in a report on Thursday, December 19th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $115.00 price objective on shares of Exxon Mobil in a research report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $129.25.

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.