Allegiance Financial Group Advisory Services LLC Grows Holdings in Exxon Mobil Co. (NYSE:XOM)

Allegiance Financial Group Advisory Services LLC boosted its holdings in Exxon Mobil Co. (NYSE:XOM) by 160.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,684 shares of the oil and gas company’s stock after purchasing an additional 7,192 shares during the quarter. Allegiance Financial Group Advisory Services LLC’s holdings in Exxon Mobil were worth $1,257,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of XOM. Keystone Financial Group Inc. purchased a new position in Exxon Mobil during the 4th quarter worth $36,000. Retirement Wealth Solutions LLC purchased a new position in Exxon Mobil during the 4th quarter worth $46,000. Compass Planning Associates Inc purchased a new position in Exxon Mobil during the 4th quarter worth $47,000. Compass Financial Services Inc purchased a new position in Exxon Mobil during the 4th quarter worth $48,000. Finally, Peterson Financial Group Inc. purchased a new position in Exxon Mobil during the 3rd quarter worth $51,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Argus upgraded shares of Exxon Mobil to a “strong-buy” rating in a report on Tuesday, February 4th. BMO Capital Markets cut their price target on shares of Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating for the company in a report on Friday, January 31st. Wells Fargo & Company cut their price target on shares of Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating for the company in a report on Monday, February 3rd. Truist Financial increased their price target on shares of Exxon Mobil from $117.00 to $119.00 and gave the company a “hold” rating in a report on Monday, January 13th. Finally, TD Cowen cut their price target on shares of Exxon Mobil from $132.00 to $128.00 and set a “buy” rating for the company in a report on Monday, December 16th. One research analyst has rated the stock with a sell rating, eight have given 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.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $129.25.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The shares were 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 $1,989,570. This trade represents a 10.40 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.03% of the stock is owned by corporate insiders.

Exxon Mobil Price Performance

Exxon Mobil stock opened at $111.33 on Friday. Exxon Mobil Co. has a 12-month low of $104.03 and a 12-month high of $126.34. The stock has a market capitalization of $483.08 billion, a P/E ratio of 14.20, a P/E/G ratio of 3.02 and a beta of 0.89. The firm’s 50-day moving average is $108.95 and its two-hundred day moving average is $114.26. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97.

Exxon Mobil (NYSE:XOM) last released 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 return on equity of 12.92% and a net margin of 9.63%. During the same quarter last year, the firm earned $2.48 EPS. Equities analysts predict that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th will be paid a dividend of $0.99 per share. The ex-dividend date is Wednesday, February 12th. This represents a $3.96 annualized dividend and a dividend yield of 3.56%. Exxon Mobil’s dividend payout ratio is currently 50.51%.

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.