Ellenbecker Investment Group Purchases 2,640 Shares of Exxon Mobil Co. (NYSE:XOM)

Ellenbecker Investment Group boosted its position in Exxon Mobil Co. (NYSE:XOM) by 43.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,666 shares of the oil and gas company’s stock after purchasing an additional 2,640 shares during the quarter. Ellenbecker Investment Group’s holdings in Exxon Mobil were worth $866,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Keener Financial Planning LLC acquired a new position in shares of Exxon Mobil during the fourth quarter valued at about $80,000. Orion Capital Management LLC purchased a new stake in Exxon Mobil in the 3rd quarter worth approximately $91,000. Authentikos Wealth Advisory LLC purchased a new stake in Exxon Mobil in the 3rd quarter worth approximately $92,000. TFO Wealth Partners LLC lifted its position in shares of Exxon Mobil by 118.5% during the 3rd quarter. TFO Wealth Partners LLC now owns 968 shares of the oil and gas company’s stock valued at $104,000 after buying an additional 525 shares in the last quarter. Finally, Sumitomo Mitsui Financial Group Inc. lifted its position in shares of Exxon Mobil by 851.6% during the 3rd quarter. Sumitomo Mitsui Financial Group Inc. now owns 885 shares of the oil and gas company’s stock valued at $106,000 after buying an additional 792 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Stock Performance

Shares of Exxon Mobil stock opened at $121.05 on Thursday. The business has a 50-day moving average of $112.69 and a 200 day moving average of $106.51. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $123.75. The stock has a market capitalization of $479.15 billion, a price-to-earnings ratio of 13.62, a price-to-earnings-growth ratio of 4.16 and a beta of 0.96. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.48 and a quick ratio of 1.09.

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

Exxon Mobil Dividend Announcement

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

Insider Activity

In other news, VP Darrin L. Talley sold 2,400 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total transaction of $252,000.00. Following the sale, the vice president now owns 30,189 shares of the company’s stock, valued at approximately $3,169,845. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.03% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on XOM shares. Mizuho reiterated a “neutral” rating and set a $125.00 target price on shares of Exxon Mobil in a research report on Thursday, April 4th. Redburn Atlantic upgraded Exxon Mobil from a “neutral” rating to a “buy” rating and increased their target price for the company from $116.00 to $119.00 in a research report on Tuesday, January 9th. Barclays started coverage on Exxon Mobil in a research report on Wednesday, April 10th. They set an “overweight” rating and a $147.00 target price on the stock. TD Cowen increased their price objective on Exxon Mobil from $115.00 to $120.00 and gave the company a “buy” rating in a research note on Monday, April 1st. Finally, Piper Sandler increased 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. Eight research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, Exxon Mobil has a consensus rating of “Moderate Buy” and an average price target of $132.28.

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.