Avaii Wealth Management LLC Has $803,000 Holdings in Exxon Mobil Co. (NYSE:XOM)

Avaii Wealth Management LLC decreased its position in Exxon Mobil Co. (NYSE:XOM) by 3.4% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 8,029 shares of the oil and gas company’s stock after selling 282 shares during the period. Avaii Wealth Management LLC’s holdings in Exxon Mobil were worth $803,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of XOM. International Assets Investment Management LLC boosted its holdings in shares of Exxon Mobil by 10,221.0% in the fourth quarter. International Assets Investment Management LLC now owns 4,917,763 shares of the oil and gas company’s stock valued at $491,678,000 after buying an additional 4,870,115 shares during the period. FMR LLC raised its position in Exxon Mobil by 3.0% in the third quarter. FMR LLC now owns 145,199,301 shares of the oil and gas company’s stock valued at $17,072,534,000 after purchasing an additional 4,162,149 shares during the last quarter. J.P. Morgan Private Wealth Advisors LLC acquired a new stake in shares of Exxon Mobil during the third quarter valued at about $295,515,000. Canada Pension Plan Investment Board increased its position in Exxon Mobil by 21,620,510.0% in the 3rd quarter. Canada Pension Plan Investment Board now owns 2,162,061 shares of the oil and gas company’s stock valued at $254,215,000 after acquiring an additional 2,162,051 shares during the period. Finally, Jennison Associates LLC raised its stake in shares of Exxon Mobil by 650.5% during the fourth quarter. Jennison Associates LLC now owns 1,864,895 shares of the oil and gas company’s stock valued at $186,452,000 after acquiring an additional 1,616,417 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, VP Darrin L. Talley sold 2,400 shares of the business’s 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 transaction, the vice president now directly owns 30,189 shares of the company’s stock, valued at approximately $3,169,845. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.03% of the company’s stock.

Exxon Mobil Trading Up 1.7 %

XOM stock traded up $1.97 during trading on Monday, hitting $119.93. 8,808,273 shares of the company traded hands, compared to its average volume of 18,091,617. The company has a 50-day moving average of $113.33 and a 200-day moving average of $106.64. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.06 and a current ratio of 1.38. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $123.75. The firm has a market capitalization of $474.71 billion, a PE ratio of 14.60, a P/E/G ratio of 4.05 and a beta of 0.96.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, April 26th. The oil and gas company reported $2.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.19 by ($0.13). Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The business had revenue of $83.08 billion during the quarter, compared to the consensus estimate of $79.69 billion. During the same period in the previous year, the business earned $2.83 earnings per share. The firm’s revenue for the quarter was down 4.0% compared to the same quarter last year. Analysts predict that Exxon Mobil Co. will post 9.7 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently disclosed 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. This represents a $3.80 dividend on an annualized basis and a yield of 3.17%. The ex-dividend date is Tuesday, May 14th. Exxon Mobil’s payout ratio is currently 46.57%.

Analyst Ratings Changes

XOM has been the subject of a number of recent research reports. Wells Fargo & Company increased their price objective on Exxon Mobil from $126.00 to $138.00 and gave the company an “overweight” rating in a report on Thursday, April 4th. Redburn Atlantic upgraded Exxon Mobil from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $116.00 to $119.00 in a research report on Tuesday, January 9th. Scotiabank upped their target price on Exxon Mobil from $114.00 to $129.00 and gave the company a “sector perform” rating in a report on Thursday, April 11th. TD Cowen boosted their price target on shares of Exxon Mobil from $115.00 to $120.00 and gave the stock a “buy” rating in a research report on Monday, April 1st. Finally, Piper Sandler lifted their target price on shares of Exxon Mobil from $130.00 to $145.00 and gave the stock an “overweight” rating in a research note on Thursday, April 18th. Eight analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, Exxon Mobil currently has an average rating of “Moderate Buy” and an average 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.