Axis Wealth Partners LLC Buys New Holdings in Exxon Mobil Co. (NYSE:XOM)

Axis Wealth Partners LLC purchased a new position in shares of Exxon Mobil Co. (NYSE:XOM) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 4,873 shares of the oil and gas company’s stock, valued at approximately $524,000.

A number of other institutional investors have also recently bought and sold shares of the business. Harbor Capital Advisors Inc. bought a new stake in Exxon Mobil in the third quarter valued at $63,000. Principal Financial Group Inc. increased its position in shares of Exxon Mobil by 8.4% during the 3rd quarter. Principal Financial Group Inc. now owns 6,709,202 shares of the oil and gas company’s stock worth $786,453,000 after purchasing an additional 521,932 shares in the last quarter. Kornitzer Capital Management Inc. KS increased its position in shares of Exxon Mobil by 0.4% during the 3rd quarter. Kornitzer Capital Management Inc. KS now owns 701,401 shares of the oil and gas company’s stock worth $82,218,000 after purchasing an additional 2,668 shares in the last quarter. Keudell Morrison Wealth Management lifted its holdings in Exxon Mobil by 1.0% during the 3rd quarter. Keudell Morrison Wealth Management now owns 35,689 shares of the oil and gas company’s stock valued at $4,183,000 after purchasing an additional 345 shares during the last quarter. Finally, Global Strategic Investment Solutions LLC boosted its position in Exxon Mobil by 3.9% in the third quarter. Global Strategic Investment Solutions LLC now owns 7,819 shares of the oil and gas company’s stock valued at $917,000 after buying an additional 297 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Insider Activity

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the firm’s stock in a transaction 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 completion of the sale, the vice president now directly owns 18,087 shares of the company’s stock, valued at $1,989,570. This trade represents a 10.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.03% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on XOM shares. Wells Fargo & Company reduced their target price on Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating on the stock in a report on Monday, February 3rd. TD Cowen lowered their price objective on shares of Exxon Mobil from $132.00 to $128.00 and set a “buy” rating for the company in a research report on Monday, December 16th. Truist Financial upped their target price on shares of Exxon Mobil from $117.00 to $119.00 and gave the stock a “hold” rating in a research report on Monday, January 13th. Scotiabank lowered their price target on shares of Exxon Mobil from $145.00 to $140.00 in a report on Friday, January 31st. Finally, BMO Capital Markets reduced their price objective on Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating on the stock in a report on Friday, January 31st. 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 assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $129.25.

Exxon Mobil Stock Performance

NYSE XOM opened at $109.05 on Friday. The company has a market cap of $473.20 billion, a P/E ratio of 13.91, a PEG ratio of 3.02 and a beta of 0.83. The company has a fifty day simple moving average of $109.05 and a 200 day simple moving average of $113.87. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. Exxon Mobil Co. has a 12-month low of $103.67 and a 12-month high of $126.34.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results 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 period last year, the company posted $2.48 EPS. Sell-side analysts predict that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Wednesday, February 12th will be issued a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.63%. The ex-dividend date is Wednesday, February 12th. Exxon Mobil’s dividend payout ratio (DPR) is currently 50.51%.

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.