Wingate Wealth Advisors Inc. Makes New Investment in Exxon Mobil Co. (NYSE:XOM)

Wingate Wealth Advisors Inc. bought a new position in Exxon Mobil Co. (NYSE:XOM) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 6,934 shares of the oil and gas company’s stock, valued at approximately $746,000.

A number of other large investors also recently modified their holdings of the stock. International Assets Investment Management LLC boosted its stake in shares of Exxon Mobil by 7,761.0% in the 3rd quarter. International Assets Investment Management LLC now owns 6,893,677 shares of the oil and gas company’s stock valued at $808,077,000 after purchasing an additional 6,805,982 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in Exxon Mobil by 1,524.1% in the fourth quarter. Pacer Advisors Inc. now owns 5,445,922 shares of the oil and gas company’s stock valued at $585,818,000 after buying an additional 5,110,603 shares during the period. Franklin Resources Inc. boosted its stake in Exxon Mobil by 16.3% in the third quarter. Franklin Resources Inc. now owns 31,522,556 shares of the oil and gas company’s stock valued at $3,936,929,000 after acquiring an additional 4,415,012 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in Exxon Mobil by 168.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 4,530,457 shares of the oil and gas company’s stock worth $531,060,000 after acquiring an additional 2,842,844 shares during the period. Finally, Strategic Financial Concepts LLC raised its position in shares of Exxon Mobil by 11,131.0% during the 4th quarter. Strategic Financial Concepts LLC now owns 1,792,811 shares of the oil and gas company’s stock valued at $192,853,000 after acquiring an additional 1,776,848 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the business’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total transaction of $231,000.00. Following the transaction, the vice president now owns 18,087 shares of the company’s stock, valued at $1,989,570. The trade was a 10.40 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.03% of the stock is currently owned by corporate insiders.

Exxon Mobil Trading Up 0.7 %

NYSE:XOM opened at $108.10 on Friday. The company has a market cap of $475.10 billion, a P/E ratio of 13.79, a price-to-earnings-growth ratio of 2.94 and a beta of 0.89. Exxon Mobil Co. has a twelve month low of $100.42 and a twelve month high of $126.34. The business has a 50 day moving average price of $109.02 and a two-hundred day moving average price of $114.83. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, January 31st. The oil and gas company reported $1.67 EPS for the quarter, missing the consensus estimate of $1.77 by ($0.10). Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. During the same quarter last year, the firm posted $2.48 EPS. As a group, analysts expect that Exxon Mobil Co. will post 7.37 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Wednesday, February 12th will be given a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.66%. The ex-dividend date of this dividend is Wednesday, February 12th. Exxon Mobil’s dividend payout ratio is currently 50.51%.

Analysts Set New Price Targets

Several research firms have recently issued reports on XOM. Wolfe Research raised their price target on Exxon Mobil from $137.00 to $138.00 in a research report on Thursday, October 31st. Wells Fargo & Company reduced their target price on Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating on the stock in a report on Monday, February 3rd. Truist Financial upped their price target on Exxon Mobil from $117.00 to $119.00 and gave the company a “hold” rating in a research note on Monday, January 13th. Argus raised shares of Exxon Mobil to a “strong-buy” rating in a research note on Tuesday, February 4th. Finally, TD Cowen lowered their target price on shares of Exxon Mobil from $132.00 to $128.00 and set a “buy” rating for the company in a research note on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $129.25.

Exxon Mobil Profile

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.