Scissortail Wealth Management LLC Has $2.45 Million Holdings in Exxon Mobil Co. (NYSE:XOM)

Scissortail Wealth Management LLC grew its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 525.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 23,784 shares of the oil and gas company’s stock after purchasing an additional 19,982 shares during the period. Scissortail Wealth Management LLC’s holdings in Exxon Mobil were worth $2,453,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in XOM. Moneta Group Investment Advisors LLC grew its position in shares of Exxon Mobil by 140,855.3% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 123,341,568 shares of the oil and gas company’s stock worth $13,604,575,000 after purchasing an additional 123,254,064 shares in the last quarter. Norges Bank acquired a new stake in shares of Exxon Mobil during the 4th quarter worth approximately $5,226,390,000. Imprint Wealth LLC boosted its position in shares of Exxon Mobil by 9,115.2% during the 2nd quarter. Imprint Wealth LLC now owns 11,304,343 shares of the oil and gas company’s stock worth $1,130,434,000 after acquiring an additional 11,181,673 shares in the last quarter. Morgan Stanley boosted its position in shares of Exxon Mobil by 11.9% during the 4th quarter. Morgan Stanley now owns 52,478,674 shares of the oil and gas company’s stock worth $5,788,398,000 after acquiring an additional 5,566,797 shares in the last quarter. Finally, International Assets Investment Management LLC boosted its position in shares of Exxon Mobil by 10,221.0% during the 4th quarter. International Assets Investment Management LLC now owns 4,917,763 shares of the oil and gas company’s stock worth $491,678,000 after acquiring an additional 4,870,115 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Insider Buying and Selling at Exxon Mobil

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 completion of 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 at the SEC website. Insiders own 0.06% of the company’s stock.

Exxon Mobil Price Performance

Shares of NYSE XOM opened at $118.46 on Friday. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $123.75. The firm has a fifty day simple moving average of $111.18 and a 200 day simple moving average of $106.30. The company has a market capitalization of $468.90 billion, a PE ratio of 13.33, a P/E/G ratio of 4.08 and a beta of 0.96. The company has a quick ratio of 1.09, a current ratio of 1.48 and a debt-to-equity ratio of 0.18.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, February 2nd. The oil and gas company reported $2.48 earnings per share for the quarter, topping analysts’ consensus estimates of $2.20 by $0.28. Exxon Mobil had a net margin of 10.45% and a return on equity of 18.51%. The business had revenue of $84.34 billion during the quarter, compared to the consensus estimate of $90.03 billion. During the same quarter last year, the firm earned $3.40 earnings per share. Exxon Mobil’s quarterly revenue was down 11.6% on a year-over-year basis. On average, sell-side analysts forecast that Exxon Mobil Co. will post 9.7 EPS for the current year.

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Wednesday, February 14th were paid a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 3.21%. The ex-dividend date of this dividend was Tuesday, February 13th. Exxon Mobil’s dividend payout ratio (DPR) is currently 42.74%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Barclays assumed coverage on shares of Exxon Mobil in a research report on Wednesday, April 10th. They set an “overweight” rating and a $147.00 price target on the stock. Piper Sandler raised their target price on shares of Exxon Mobil from $130.00 to $145.00 and gave the company an “overweight” rating in a research report on Thursday. TD Cowen raised their target price on shares of Exxon Mobil from $115.00 to $120.00 and gave the company a “buy” rating in a research report on Monday, April 1st. Redburn Atlantic raised shares of Exxon Mobil from a “neutral” rating to a “buy” rating and raised their price target for the company from $116.00 to $119.00 in a research note on Tuesday, January 9th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $120.00 price target on shares of Exxon Mobil in a research note on Monday, February 5th. Nine research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Exxon Mobil has an average rating of “Moderate Buy” and a consensus target price of $132.28.

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.