Golden State Equity Partners Boosts Holdings in Exxon Mobil Co. (NYSE:XOM)

Golden State Equity Partners lifted its stake in Exxon Mobil Co. (NYSE:XOM) by 5.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,776 shares of the oil and gas company’s stock after buying an additional 952 shares during the period. Golden State Equity Partners’ holdings in Exxon Mobil were worth $1,977,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the stock. Money Concepts Capital Corp lifted 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 valued at $367,000 after acquiring an additional 95 shares during the last quarter. Defined Wealth Management LLC lifted 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 valued at $476,000 after acquiring an additional 96 shares during the last quarter. Crown Wealth Group LLC lifted 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 valued at $488,000 after acquiring an additional 97 shares during the last quarter. Auxier Asset Management lifted 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 valued at $1,524,000 after acquiring an additional 97 shares during the last quarter. Finally, Pennsylvania Capital Management Inc. ADV lifted 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 valued at $580,000 after acquiring an additional 98 shares during the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,400 shares of the business’s 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 in the company, valued at $3,169,845. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.03% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have commented on XOM. Scotiabank upped their price objective on shares of Exxon Mobil from $114.00 to $129.00 and gave the company a “sector perform” rating in a research note on Thursday, April 11th. Barclays began coverage on shares of Exxon Mobil in a research note on Wednesday, April 10th. They set an “overweight” rating and a $147.00 price objective for the company. UBS Group upped their price objective on shares of Exxon Mobil from $133.00 to $150.00 and gave the company a “buy” rating in a research note on Thursday, April 11th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $120.00 price objective on shares of Exxon Mobil in a research note on Monday, February 5th. Finally, Piper Sandler upped their price objective on shares of Exxon Mobil from $130.00 to $145.00 and gave the company an “overweight” rating in a research note on Thursday, April 18th. Eight analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $132.28.

Exxon Mobil Stock Down 2.8 %

NYSE XOM traded down $3.37 during trading on Friday, reaching $117.96. The company’s stock had a trading volume of 27,289,468 shares, compared to its average volume of 16,002,832. The company has a current ratio of 1.48, a quick ratio of 1.09 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $466.92 billion, a PE ratio of 13.27, a PEG ratio of 4.17 and a beta of 0.96. The business has a 50-day moving average price of $113.33 and a 200-day moving average price of $106.67. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $123.75.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, April 26th. The oil and gas company reported $2.06 earnings per share for the quarter, missing analysts’ consensus estimates of $2.19 by ($0.13). Exxon Mobil had a return on equity of 18.51% and a net margin of 10.45%. The firm had revenue of $83.08 billion during the quarter, compared to analyst estimates of $79.69 billion. During the same quarter in the previous year, the firm posted $2.83 earnings per share. Exxon Mobil’s quarterly revenue was down 4.0% compared to the same quarter last year. On average, research analysts forecast that Exxon Mobil Co. will post 9.7 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th will be paid a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.22%. The ex-dividend date is Tuesday, May 14th. Exxon Mobil’s payout ratio is 42.74%.

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.