NavPoint Financial Inc. Takes $774,000 Position in Exxon Mobil Co. (NYSE:XOM)

NavPoint Financial Inc. bought a new position in Exxon Mobil Co. (NYSE:XOM) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 7,740 shares of the oil and gas company’s stock, valued at approximately $774,000. Exxon Mobil comprises approximately 0.7% of NavPoint Financial Inc.’s holdings, making the stock its 28th biggest holding.

Other hedge funds also recently bought and sold shares of the company. Orion Capital Management LLC purchased a new stake in Exxon Mobil in the third quarter worth $91,000. Authentikos Wealth Advisory LLC bought a new stake in Exxon Mobil in the third quarter worth $92,000. Keener Financial Planning LLC bought a new stake in Exxon Mobil in the fourth quarter worth $80,000. Sumitomo Mitsui Financial Group Inc. boosted its holdings in Exxon Mobil by 851.6% in the third quarter. Sumitomo Mitsui Financial Group Inc. now owns 885 shares of the oil and gas company’s stock worth $106,000 after acquiring an additional 792 shares in the last quarter. Finally, TFO Wealth Partners LLC boosted its holdings in Exxon Mobil by 118.5% in the third quarter. TFO Wealth Partners LLC now owns 968 shares of the oil and gas company’s stock worth $104,000 after acquiring an additional 525 shares in the last quarter. Institutional investors own 61.80% of the company’s stock.

Insider Activity at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,400 shares of Exxon Mobil stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total value of $252,000.00. Following the completion of the transaction, the vice president now owns 30,189 shares in the company, valued at approximately $3,169,845. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, VP Darrin L. Talley sold 2,426 shares of Exxon Mobil stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $119.01, for a total value of $288,718.26. Following the completion of the sale, the vice president now directly owns 25,363 shares in the company, valued at $3,018,450.63. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Darrin L. Talley sold 2,400 shares of Exxon Mobil stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $105.00, for a total value 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 $3,169,845. The disclosure for this sale can be found here. 0.03% of the stock is owned by corporate insiders.

Exxon Mobil Price Performance

Shares of NYSE:XOM traded down $0.24 during trading on Friday, hitting $116.00. 28,023,313 shares of the company’s stock were exchanged, compared to its average volume of 18,518,412. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.38 and a quick ratio of 1.06. Exxon Mobil Co. has a 52-week low of $95.77 and a 52-week high of $123.75. The business’s 50-day simple moving average is $114.65 and its 200 day simple moving average is $106.96. The company has a market cap of $457.39 billion, a price-to-earnings ratio of 14.22, a PEG ratio of 4.03 and a beta of 0.96.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, April 26th. The oil and gas company reported $2.06 EPS for the quarter, missing analysts’ consensus estimates of $2.19 by ($0.13). Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The firm had revenue of $83.08 billion for the quarter, compared to the consensus estimate of $79.69 billion. During the same period in the previous year, the company posted $2.83 earnings per share. Exxon Mobil’s quarterly revenue was down 4.0% on a year-over-year basis. As a group, equities analysts predict that Exxon Mobil Co. will post 9.61 EPS for the current year.

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Wednesday, May 15th will be paid a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a yield of 3.28%. The ex-dividend date is Tuesday, May 14th. Exxon Mobil’s payout ratio is presently 46.57%.

Analyst Ratings Changes

XOM has been the topic of a number of research analyst reports. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $120.00 price target on shares of Exxon Mobil in a report on Monday, February 5th. Barclays initiated coverage on Exxon Mobil in a report on Wednesday, April 10th. They set an “overweight” rating and a $147.00 price target on the stock. Piper Sandler upped their price target on Exxon Mobil from $130.00 to $145.00 and gave the company an “overweight” rating in a report on Thursday, April 18th. Truist Financial upped their price target on Exxon Mobil from $140.00 to $146.00 and gave the company a “buy” rating in a report on Friday, April 5th. Finally, UBS Group upped 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 assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $134.06.

About Exxon Mobil

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.