Boston Financial Mangement LLC Grows Holdings in Exxon Mobil Co. (NYSE:XOM)

Boston Financial Mangement LLC grew its holdings in Exxon Mobil Co. (NYSE:XOM) by 20.0% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 61,987 shares of the oil and gas company’s stock after buying an additional 10,337 shares during the period. Boston Financial Mangement LLC’s holdings in Exxon Mobil were worth $6,668,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in XOM. Keystone Financial Group Inc. acquired a new stake in shares of Exxon Mobil during the fourth quarter worth $36,000. Retirement Wealth Solutions LLC purchased a new stake in shares of Exxon Mobil in the fourth quarter valued at about $46,000. Compass Financial Services Inc acquired a new position in shares of Exxon Mobil during the fourth quarter worth about $48,000. Peterson Financial Group Inc. purchased a new position in Exxon Mobil during the third quarter worth about $51,000. Finally, Highline Wealth Partners LLC acquired a new position in Exxon Mobil during the 3rd quarter worth approximately $54,000. 61.80% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of Exxon Mobil 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 sale, the vice president now directly owns 18,087 shares of the company’s stock, valued at approximately $1,989,570. The trade was a 10.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.03% of the stock is owned by insiders.

Exxon Mobil Trading Down 1.2 %

Shares of XOM stock opened at $110.67 on Monday. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. Exxon Mobil Co. has a 1 year low of $102.88 and a 1 year high of $126.34. The firm’s fifty day simple moving average is $108.60 and its 200 day simple moving average is $114.48. The firm has a market capitalization of $480.20 billion, a P/E ratio of 14.12, a price-to-earnings-growth ratio of 3.02 and a beta of 0.89.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (EPS) for the quarter, missing the consensus estimate 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 period in the prior year, the business earned $2.48 EPS. As a group, sell-side analysts predict that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

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

Analysts Set New Price Targets

Several brokerages recently commented on XOM. Morgan Stanley raised their price objective on shares of Exxon Mobil from $139.00 to $140.00 in a research note on Friday, January 31st. Piper Sandler dropped their price objective on Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating for the company in a report on Thursday, December 19th. Mizuho lowered their price target on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating for the company in a report on Monday, December 16th. HSBC decreased their price objective on shares of Exxon Mobil from $125.00 to $123.00 and set a “hold” rating for the company in a research report on Friday, January 31st. Finally, JPMorgan Chase & Co. reduced their price target on shares of Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating on the stock in a research report on Monday, December 16th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Exxon Mobil has an average rating of “Moderate Buy” and an average 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.