MV Capital Management Inc. Buys 175 Shares of Exxon Mobil Co. (NYSE:XOM)

MV Capital Management Inc. lifted its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 1.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,918 shares of the oil and gas company’s stock after purchasing an additional 175 shares during the quarter. MV Capital Management Inc.’s holdings in Exxon Mobil were worth $1,282,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Allianz SE acquired a new position in Exxon Mobil in the 4th quarter worth about $20,896,000. Gardner Russo & Quinn LLC grew its holdings in shares of Exxon Mobil by 0.4% during the fourth quarter. Gardner Russo & Quinn LLC now owns 188,953 shares of the oil and gas company’s stock worth $20,326,000 after purchasing an additional 720 shares during the last quarter. WealthTrak Capital Management LLC acquired a new position in shares of Exxon Mobil in the fourth quarter valued at approximately $221,000. Intrust Bank NA raised its holdings in Exxon Mobil by 2.0% in the 4th quarter. Intrust Bank NA now owns 49,845 shares of the oil and gas company’s stock valued at $5,362,000 after buying an additional 993 shares during the last quarter. Finally, OneAscent Wealth Management LLC boosted its position in Exxon Mobil by 16.0% during the 4th quarter. OneAscent Wealth Management LLC now owns 6,540 shares of the oil and gas company’s stock worth $703,000 after buying an additional 904 shares during the period. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Stock Down 0.2 %

XOM opened at $117.66 on Friday. Exxon Mobil Co. has a fifty-two week low of $103.67 and a fifty-two week high of $126.34. The company’s 50-day moving average is $110.73 and its 200 day moving average is $113.69. The firm has a market capitalization of $510.53 billion, a P/E ratio of 15.01, a PEG ratio of 3.02 and a beta of 0.83. 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 posted 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 return on equity of 12.92% and a net margin of 9.63%. During the same quarter in the previous year, the company posted $2.48 EPS. Research analysts expect that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th were given a dividend of $0.99 per share. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.37%. Exxon Mobil’s dividend payout ratio is presently 50.51%.

Insider Activity

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of Exxon Mobil stock in a transaction dated 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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.03% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on XOM shares. Mizuho decreased their price target on shares of Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating for the company in a research report on Monday, December 16th. JPMorgan Chase & Co. lowered their target price on Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating for the company in a research report on Monday, December 16th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $115.00 price target on shares of Exxon Mobil in a research report on Monday, February 3rd. Truist Financial increased their price target on Exxon Mobil from $117.00 to $119.00 and gave the company a “hold” rating in a research note on Monday, January 13th. Finally, Wells Fargo & Company cut their price objective on Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating on the stock in a research note on Monday, February 3rd. 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 issued 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 a consensus target price of $129.05.

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.