Vestmark Advisory Solutions Inc. Acquires 6,130 Shares of Exxon Mobil Co. (NYSE:XOM)

Vestmark Advisory Solutions Inc. grew its holdings in Exxon Mobil Co. (NYSE:XOM) by 58.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 16,633 shares of the oil and gas company’s stock after buying an additional 6,130 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in Exxon Mobil were worth $1,663,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Royal Fund Management LLC boosted its stake in shares of Exxon Mobil by 5.6% during the 4th quarter. Royal Fund Management LLC now owns 7,338 shares of the oil and gas company’s stock valued at $734,000 after purchasing an additional 387 shares in the last quarter. AJOVista LLC purchased a new position in shares of Exxon Mobil in the 4th quarter valued at approximately $312,000. ARS Wealth Advisors Group LLC boosted its position in shares of Exxon Mobil by 6.6% during the fourth quarter. ARS Wealth Advisors Group LLC now owns 143,509 shares of the oil and gas company’s stock valued at $14,348,000 after purchasing an additional 8,922 shares in the last quarter. Sapient Capital LLC bought a new position in Exxon Mobil in the fourth quarter worth $4,814,000. Finally, Axxcess Wealth Management LLC lifted its position in Exxon Mobil by 12.8% during the fourth quarter. Axxcess Wealth Management LLC now owns 142,510 shares of the oil and gas company’s stock valued at $14,248,000 after buying an additional 16,120 shares during the period. 61.80% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

XOM has been the subject of several research reports. Mizuho reiterated a “neutral” rating and issued a $125.00 price target on shares of Exxon Mobil in a research note on Thursday, April 4th. Truist Financial lifted their target price on shares of Exxon Mobil from $140.00 to $146.00 and gave the company a “buy” rating in a report on Friday, April 5th. Redburn Atlantic upgraded Exxon Mobil from a “neutral” rating to a “buy” rating and upped their price target for the stock from $116.00 to $119.00 in a research note on Tuesday, January 9th. Wells Fargo & Company lifted their price objective on Exxon Mobil from $138.00 to $142.00 and gave the company an “overweight” rating in a research note on Tuesday, April 30th. Finally, Scotiabank lifted their price target on Exxon Mobil from $114.00 to $129.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 11th. Eight equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $134.06.

Insider Buying and Selling at Exxon Mobil

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

Exxon Mobil Stock Performance

XOM traded down $0.24 during trading on Friday, hitting $116.00. The company’s stock had a trading volume of 28,023,313 shares, compared to its average volume of 18,518,412. Exxon Mobil Co. has a one year low of $95.77 and a one year 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 quick ratio of 1.06, a current ratio of 1.38 and a debt-to-equity ratio of 0.15. The firm has a market cap of $457.39 billion, a PE ratio of 14.22, a P/E/G ratio of 4.03 and a beta of 0.96.

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

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Shareholders 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 46.57%.

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.