Larson Financial Group LLC Grows Position in Exxon Mobil Co. (NYSE:XOM)

Larson Financial Group LLC raised its position in shares of Exxon Mobil Co. (NYSE:XOM) by 2.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,961 shares of the oil and gas company’s stock after buying an additional 180 shares during the quarter. Larson Financial Group LLC’s holdings in Exxon Mobil were worth $796,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Illinois Municipal Retirement Fund grew its holdings in Exxon Mobil by 2.1% during the 4th quarter. Illinois Municipal Retirement Fund now owns 473,202 shares of the oil and gas company’s stock valued at $47,311,000 after buying an additional 9,750 shares in the last quarter. PDS Planning Inc lifted its stake in shares of Exxon Mobil by 17.1% in the 4th quarter. PDS Planning Inc now owns 20,841 shares of the oil and gas company’s stock valued at $2,084,000 after purchasing an additional 3,049 shares during the last quarter. 1900 Wealth Management LLC lifted its stake in shares of Exxon Mobil by 0.4% in the 4th quarter. 1900 Wealth Management LLC now owns 29,332 shares of the oil and gas company’s stock valued at $2,933,000 after purchasing an additional 117 shares during the last quarter. Cornell University bought a new stake in shares of Exxon Mobil in the 4th quarter valued at approximately $79,984,000. Finally, Garrison Asset Management LLC lifted its stake in shares of Exxon Mobil by 1.9% in the 4th quarter. Garrison Asset Management LLC now owns 7,979 shares of the oil and gas company’s stock valued at $798,000 after purchasing an additional 150 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on XOM shares. Barclays started coverage on Exxon Mobil in a research note on Wednesday, April 10th. They issued an “overweight” rating and a $147.00 price objective for the company. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $120.00 price objective on shares of Exxon Mobil in a research note on Monday, February 5th. Piper Sandler raised their price objective on Exxon Mobil from $130.00 to $145.00 and gave the company an “overweight” rating in a research note on Thursday, April 18th. Scotiabank raised their price objective on Exxon Mobil from $114.00 to $129.00 and gave the company a “sector perform” rating in a research note on Thursday, April 11th. Finally, Mizuho reissued a “neutral” rating and set a $125.00 price target on shares of Exxon Mobil in a research note on Thursday, April 4th. Eight research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $132.28.

Exxon Mobil Trading Up 0.4 %

XOM opened at $121.05 on Wednesday. The stock’s fifty day moving average is $112.29 and its two-hundred day moving average is $106.41. The company has a market capitalization of $479.15 billion, a P/E ratio of 13.62, a PEG ratio of 4.14 and a beta of 0.96. Exxon Mobil Co. has a 52 week low of $95.77 and a 52 week high of $123.75. The company has a quick ratio of 1.09, a current ratio of 1.48 and a debt-to-equity ratio of 0.18.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, February 2nd. The oil and gas company reported $2.48 EPS for the quarter, topping the consensus estimate of $2.20 by $0.28. The company had revenue of $84.34 billion for the quarter, compared to the consensus estimate of $90.03 billion. Exxon Mobil had a return on equity of 18.51% and a net margin of 10.45%. Exxon Mobil’s quarterly revenue was down 11.6% on a year-over-year basis. During the same period last year, the business posted $3.40 EPS. Analysts forecast that Exxon Mobil Co. will post 9.7 earnings per share for the current year.

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Wednesday, February 14th were issued a $0.95 dividend. The ex-dividend date of this dividend was Tuesday, February 13th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.14%. Exxon Mobil’s dividend payout ratio is presently 42.74%.

Insider Transactions at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,400 shares of the business’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total value of $252,000.00. Following the completion of the transaction, the vice president now directly owns 30,189 shares of the company’s stock, valued at approximately $3,169,845. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.03% of the company’s stock.

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.