Wealth Dimensions Group Ltd. raised its holdings in Exxon Mobil Co. (NYSE:XOM – Get Rating) by 5.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 19,720 shares of the oil and gas company’s stock after acquiring an additional 1,084 shares during the quarter. Exxon Mobil comprises 0.9% of Wealth Dimensions Group Ltd.’s portfolio, making the stock its 20th largest position. Wealth Dimensions Group Ltd.’s holdings in Exxon Mobil were worth $2,175,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Wealthquest Corp boosted its position in shares of Exxon Mobil by 1.4% in the third quarter. Wealthquest Corp now owns 6,629 shares of the oil and gas company’s stock valued at $578,000 after acquiring an additional 89 shares during the period. Bank of The West boosted its position in shares of Exxon Mobil by 0.8% in the fourth quarter. Bank of The West now owns 10,726 shares of the oil and gas company’s stock valued at $1,183,000 after acquiring an additional 89 shares during the period. Motive Wealth Advisors boosted its position in shares of Exxon Mobil by 2.1% in the fourth quarter. Motive Wealth Advisors now owns 4,277 shares of the oil and gas company’s stock valued at $472,000 after acquiring an additional 90 shares during the period. Smart Money Group LLC raised its stake in Exxon Mobil by 3.8% in the fourth quarter. Smart Money Group LLC now owns 2,468 shares of the oil and gas company’s stock valued at $272,000 after purchasing an additional 91 shares in the last quarter. Finally, Acorn Wealth Advisors LLC raised its stake in Exxon Mobil by 3.8% in the fourth quarter. Acorn Wealth Advisors LLC now owns 2,483 shares of the oil and gas company’s stock valued at $274,000 after purchasing an additional 91 shares in the last quarter. 57.49% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
A number of equities research analysts recently weighed in on XOM shares. Morgan Stanley raised their target price on shares of Exxon Mobil from $118.00 to $122.00 in a research note on Tuesday, May 2nd. UBS Group raised shares of Exxon Mobil from a “neutral” rating to a “buy” rating and raised their target price for the company from $125.00 to $144.00 in a research note on Tuesday, April 18th. Piper Sandler raised their target price on shares of Exxon Mobil from $134.00 to $145.00 in a research note on Thursday, May 18th. Argus raised their target price on shares of Exxon Mobil from $128.00 to $133.00 and gave the company a “buy” rating in a research note on Thursday, February 2nd. Finally, Bank of America lifted their price target on shares of Exxon Mobil from $136.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, February 1st. One research analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, Exxon Mobil currently has an average rating of “Moderate Buy” and a consensus price target of $125.30.
Exxon Mobil Trading Down 0.3 %
Exxon Mobil (NYSE:XOM – Get Rating) last released its quarterly earnings results on Friday, April 28th. The oil and gas company reported $2.83 earnings per share for the quarter, beating the consensus estimate of $2.65 by $0.18. The business had revenue of $86.56 billion for the quarter, compared to analysts’ expectations of $90.07 billion. Exxon Mobil had a net margin of 15.06% and a return on equity of 31.48%. The firm’s revenue for the quarter was down 4.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.07 earnings per share. On average, equities analysts anticipate that Exxon Mobil Co. will post 9.59 EPS for the current fiscal year.
Exxon Mobil Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, June 9th. Investors of record on Tuesday, May 16th will be issued a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 3.46%. The ex-dividend date of this dividend is Monday, May 15th. Exxon Mobil’s dividend payout ratio (DPR) is currently 24.64%.
Insider Activity at Exxon Mobil
In related news, VP Darrin L. Talley sold 2,500 shares of Exxon Mobil stock in a transaction on Monday, May 1st. The shares were sold at an average price of $116.11, for a total value of $290,275.00. Following the sale, the vice president now owns 29,272 shares in the company, valued at $3,398,771.92. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.06% of the stock is currently owned by company insiders.
About Exxon Mobil
Exxon Mobil Corp. engages in the exploration, development, and distribution of oil, gas, and petroleum products. It operates through the following segments: Upstream, Downstream and Chemical. The Upstream segment produces crude oil and natural gas. The Downstream segment manufactures and trades petroleum products.
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