Chung Wu Investment Group LLC Takes $1.64 Million Position in Exxon Mobil Co. (NYSE:XOM)

Chung Wu Investment Group LLC bought a new position in Exxon Mobil Co. (NYSE:XOM) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 15,277 shares of the oil and gas company’s stock, valued at approximately $1,643,000. Exxon Mobil makes up approximately 1.7% of Chung Wu Investment Group LLC’s investment portfolio, making the stock its 14th biggest position.

Other institutional investors have also recently added to or reduced their stakes in the company. Freestone Capital Holdings LLC grew its position in shares of Exxon Mobil by 0.9% during the 4th quarter. Freestone Capital Holdings LLC now owns 175,511 shares of the oil and gas company’s stock worth $18,880,000 after buying an additional 1,641 shares during the period. SP Asset Management LLC boosted its stake in Exxon Mobil by 0.8% during the fourth quarter. SP Asset Management LLC now owns 78,059 shares of the oil and gas company’s stock worth $8,397,000 after acquiring an additional 636 shares in the last quarter. Washington Trust Advisors Inc. grew its holdings in Exxon Mobil by 1.0% in the fourth quarter. Washington Trust Advisors Inc. now owns 86,350 shares of the oil and gas company’s stock worth $9,289,000 after purchasing an additional 822 shares during the period. Beacon Harbor Wealth Advisors Inc. increased its stake in Exxon Mobil by 3.7% in the fourth quarter. Beacon Harbor Wealth Advisors Inc. now owns 61,472 shares of the oil and gas company’s stock valued at $6,613,000 after purchasing an additional 2,185 shares in the last quarter. Finally, Inceptionr LLC bought a new stake in Exxon Mobil in the fourth quarter valued at $2,390,000. 61.80% of the stock is owned by institutional investors and hedge funds.

Exxon Mobil Stock Up 2.0 %

XOM stock opened at $107.52 on Friday. The stock has a market cap of $466.54 billion, a P/E ratio of 13.71, a P/E/G ratio of 3.02 and a beta of 0.89. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. The stock’s fifty day simple moving average is $109.00 and its two-hundred day simple moving average is $113.94. Exxon Mobil Co. has a 1-year low of $103.67 and a 1-year high of $126.34.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results 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 quarter in the previous year, the company earned $2.48 earnings per share. Analysts expect that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

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

Analyst Upgrades and Downgrades

XOM has been the subject of several research reports. The Goldman Sachs Group reduced their target price on Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. Scotiabank reduced their price objective on Exxon Mobil from $145.00 to $140.00 in a research note on Friday, January 31st. Wells Fargo & Company decreased their price objective on Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating for the company in a report on Monday, February 3rd. TD Cowen cut their target price on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating on the stock in a report on Monday, December 16th. Finally, Truist Financial boosted their price target on shares of Exxon Mobil from $117.00 to $119.00 and gave the company a “hold” rating in a research note on Monday, January 13th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $129.25.

Insider Transactions at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the stock in a transaction 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 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 represents a 10.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.03% of the stock is currently owned by company insiders.

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.