Wealthspire Advisors LLC Raises Holdings in Exxon Mobil Co. (NYSE:XOM)

Wealthspire Advisors LLC increased its position in Exxon Mobil Co. (NYSE:XOM) by 6.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 138,264 shares of the oil and gas company’s stock after acquiring an additional 8,874 shares during the quarter. Wealthspire Advisors LLC’s holdings in Exxon Mobil were worth $14,873,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in XOM. Tradewinds Capital Management LLC grew its stake in Exxon Mobil by 559.9% in the 4th quarter. Tradewinds Capital Management LLC now owns 14,979 shares of the oil and gas company’s stock valued at $1,611,000 after buying an additional 12,709 shares in the last quarter. New England Capital Financial Advisors LLC lifted its position in shares of Exxon Mobil by 8.5% during the fourth quarter. New England Capital Financial Advisors LLC now owns 7,674 shares of the oil and gas company’s stock worth $826,000 after acquiring an additional 602 shares in the last quarter. Kooman & Associates boosted its holdings in shares of Exxon Mobil by 2.1% in the fourth quarter. Kooman & Associates now owns 4,918 shares of the oil and gas company’s stock worth $529,000 after acquiring an additional 103 shares during the period. Abound Financial LLC purchased a new position in shares of Exxon Mobil in the fourth quarter valued at $214,000. Finally, Marshall Investment Management LLC bought a new stake in shares of Exxon Mobil during the 4th quarter valued at $2,965,000. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Stock Performance

Shares of NYSE XOM opened at $109.75 on Wednesday. The stock’s 50-day moving average is $108.69 and its 200 day moving average is $114.37. The stock has a market cap of $476.20 billion, a price-to-earnings ratio of 14.00, a P/E/G ratio of 3.02 and a beta of 0.89. Exxon Mobil Co. has a 1-year low of $103.05 and a 1-year high of $126.34. 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 (NYSE:XOM) last announced its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 earnings per share for the quarter, missing analysts’ consensus estimates 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 in the prior year, the business earned $2.48 earnings per share. On average, sell-side analysts anticipate that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th will be given a dividend of $0.99 per share. The ex-dividend date is Wednesday, February 12th. This represents a $3.96 annualized dividend and a yield of 3.61%. Exxon Mobil’s payout ratio is 50.51%.

Wall Street Analyst Weigh In

Several research analysts have commented on XOM shares. Scotiabank cut their target price on Exxon Mobil from $145.00 to $140.00 in a research note on Friday, January 31st. HSBC cut 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. Morgan Stanley boosted their price objective on shares of Exxon Mobil from $139.00 to $140.00 in a research note on Friday, January 31st. Argus upgraded shares of Exxon Mobil to a “strong-buy” rating in a research note on Tuesday, February 4th. Finally, Piper Sandler reduced their price target on shares of Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating for the company in a research report on Thursday, December 19th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, Exxon Mobil has a consensus rating of “Moderate Buy” and a consensus target price of $129.25.

Insider Activity

In other news, VP Darrin L. Talley sold 2,100 shares of the business’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total value of $231,000.00. Following the completion of the sale, the vice president now owns 18,087 shares of the company’s stock, valued at approximately $1,989,570. The trade was a 10.40 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.03% of the company’s stock.

Exxon Mobil Company 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.