Atlas Legacy Advisors LLC Takes $428,000 Position in Exxon Mobil Co. (NYSE:XOM)

Atlas Legacy Advisors LLC purchased a new stake in Exxon Mobil Co. (NYSE:XOM) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 3,976 shares of the oil and gas company’s stock, valued at approximately $428,000.

Other large investors have also added to or reduced their stakes in the company. Keystone Financial Group Inc. bought a new position in shares of Exxon Mobil in the fourth quarter worth $36,000. Retirement Wealth Solutions LLC acquired a new stake in Exxon Mobil during the fourth quarter worth about $46,000. Compass Financial Services Inc bought a new position in Exxon Mobil in the 4th quarter valued at about $48,000. Peterson Financial Group Inc. acquired a new position in shares of Exxon Mobil in the 3rd quarter valued at approximately $51,000. Finally, Highline Wealth Partners LLC bought a new stake in shares of Exxon Mobil during the 3rd quarter worth approximately $54,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Insider Activity

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total value of $231,000.00. Following the transaction, the vice president now owns 18,087 shares in the company, valued at approximately $1,989,570. This represents a 10.40 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.03% of the stock is currently owned by company insiders.

Exxon Mobil Trading Down 1.2 %

Shares of XOM stock opened at $110.67 on Friday. Exxon Mobil Co. has a fifty-two week low of $102.88 and a fifty-two week high of $126.34. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. The stock has a 50 day simple moving average of $108.60 and a two-hundred day simple moving average of $114.49. The company has a market cap of $486.39 billion, a P/E ratio of 14.12, a PEG ratio of 2.97 and a beta of 0.89.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.77 by ($0.10). Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. During the same quarter last year, the company posted $2.48 EPS. Research analysts forecast that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th will be given a dividend of $0.99 per share. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.58%. Exxon Mobil’s dividend payout ratio (DPR) is presently 50.51%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on XOM shares. Truist Financial raised their price target on shares of Exxon Mobil from $117.00 to $119.00 and gave the company a “hold” rating in a research note on Monday, January 13th. Wolfe Research boosted their target price on shares of Exxon Mobil from $137.00 to $138.00 in a research note on Thursday, October 31st. TD Cowen dropped their price target on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating for the company in a research note on Monday, December 16th. The Goldman Sachs Group cut their price objective on Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Finally, Mizuho lowered their target price on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating for the company in a report on Monday, December 16th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Exxon Mobil presently has a consensus rating of “Moderate Buy” and an average price target of $129.25.

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.