Opinicus Capital Inc. Buys New Shares in Exxon Mobil Co. (NYSE:XOM)

Opinicus Capital Inc. acquired a new stake in shares of Exxon Mobil Co. (NYSE:XOM) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,634 shares of the oil and gas company’s stock, valued at approximately $463,000.

Other institutional investors have also recently made changes to their positions in the company. Money Concepts Capital Corp boosted its holdings in Exxon Mobil by 3.1% in the 3rd quarter. Money Concepts Capital Corp now owns 3,119 shares of the oil and gas company’s stock worth $367,000 after buying an additional 95 shares during the period. Defined Wealth Management LLC boosted its holdings in Exxon Mobil by 2.4% in the 3rd quarter. Defined Wealth Management LLC now owns 4,051 shares of the oil and gas company’s stock worth $476,000 after buying an additional 96 shares during the period. Crown Wealth Group LLC boosted its holdings in Exxon Mobil by 2.4% in the 3rd quarter. Crown Wealth Group LLC now owns 4,154 shares of the oil and gas company’s stock worth $488,000 after buying an additional 97 shares during the period. Auxier Asset Management boosted its holdings in Exxon Mobil by 0.8% in the 3rd quarter. Auxier Asset Management now owns 12,963 shares of the oil and gas company’s stock worth $1,524,000 after buying an additional 97 shares during the period. Finally, Pennsylvania Capital Management Inc. ADV boosted its holdings in Exxon Mobil by 2.0% in the 3rd quarter. Pennsylvania Capital Management Inc. ADV now owns 4,932 shares of the oil and gas company’s stock worth $580,000 after buying an additional 98 shares during the period. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Trading Down 2.8 %

XOM traded down $3.37 on Friday, hitting $117.96. 27,289,468 shares of the company were exchanged, compared to its average volume of 16,002,832. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.09 and a current ratio of 1.48. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $123.75. The firm has a fifty day simple moving average of $113.33 and a two-hundred day simple moving average of $106.64. The stock has a market capitalization of $466.92 billion, a PE ratio of 14.46, a price-to-earnings-growth ratio of 4.05 and a beta of 0.96.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, April 26th. The oil and gas company reported $2.06 EPS for the quarter, missing the consensus estimate of $2.19 by ($0.13). The firm had revenue of $83.08 billion during the quarter, compared to analysts’ expectations of $79.69 billion. Exxon Mobil had a return on equity of 18.51% and a net margin of 10.45%. The firm’s quarterly revenue was down 4.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.83 earnings per share. Sell-side analysts expect that Exxon Mobil Co. will post 9.7 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th will be given a dividend of $0.95 per share. The ex-dividend date is Tuesday, May 14th. This represents a $3.80 annualized dividend and a yield of 3.22%. Exxon Mobil’s payout ratio is currently 46.57%.

Insider Buying and Selling at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,400 shares of the stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $105.00, for a total transaction of $252,000.00. Following the completion of the sale, the vice president now owns 30,189 shares of the company’s stock, valued at approximately $3,169,845. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.03% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms recently commented on XOM. Piper Sandler raised their price objective on shares of Exxon Mobil from $130.00 to $145.00 and gave the stock an “overweight” rating in a report on Thursday, April 18th. Redburn Atlantic upgraded shares of Exxon Mobil from a “neutral” rating to a “buy” rating and boosted their price target for the company from $116.00 to $119.00 in a research report on Tuesday, January 9th. Truist Financial increased their price objective on Exxon Mobil from $140.00 to $146.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. TD Cowen boosted their target price on Exxon Mobil from $115.00 to $120.00 and gave the stock a “buy” rating in a research report on Monday, April 1st. Finally, UBS Group raised their price target on Exxon Mobil from $133.00 to $150.00 and gave the company a “buy” rating in a report on Thursday, April 11th. Eight investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $132.28.

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.