Magnolia Capital Advisors LLC Has $1.21 Million Holdings in Exxon Mobil Co. (NYSE:XOM)

Magnolia Capital Advisors LLC boosted its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 11.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 11,500 shares of the oil and gas company’s stock after acquiring an additional 1,185 shares during the quarter. Magnolia Capital Advisors LLC’s holdings in Exxon Mobil were worth $1,206,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Keener Financial Planning LLC bought a new position in shares of Exxon Mobil in the 4th quarter valued at approximately $80,000. Orion Capital Management LLC bought a new position in Exxon Mobil in the 3rd quarter worth approximately $91,000. Authentikos Wealth Advisory LLC bought a new position in Exxon Mobil in the 3rd quarter worth approximately $92,000. TFO Wealth Partners LLC increased its position in Exxon Mobil by 118.5% in the 3rd quarter. TFO Wealth Partners LLC now owns 968 shares of the oil and gas company’s stock worth $104,000 after buying an additional 525 shares during the period. Finally, Sumitomo Mitsui Financial Group Inc. increased its position in Exxon Mobil by 851.6% in the 3rd quarter. Sumitomo Mitsui Financial Group Inc. now owns 885 shares of the oil and gas company’s stock worth $106,000 after buying an additional 792 shares during the period. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,400 shares of Exxon Mobil stock in a transaction on Thursday, February 22nd. The shares were 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 SEC, which is available at the SEC website. Company insiders own 0.03% of the company’s stock.

Analyst Upgrades and Downgrades

XOM has been the topic of several recent analyst reports. UBS Group lifted their price target on Exxon Mobil from $133.00 to $150.00 and gave the stock a “buy” rating in a research report on Thursday, April 11th. TD Cowen boosted their price objective on Exxon Mobil from $115.00 to $120.00 and gave the company a “buy” rating in a research report on Monday, April 1st. Royal Bank of Canada restated a “sector perform” rating and set a $120.00 price objective on shares of Exxon Mobil in a research report on Monday, February 5th. Mizuho restated a “neutral” rating and set a $125.00 price objective on shares of Exxon Mobil in a research report on Thursday, April 4th. Finally, Piper Sandler boosted their price objective on Exxon Mobil from $130.00 to $145.00 and gave the company an “overweight” rating in a research report on Thursday, April 18th. Eight equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $132.28.

Exxon Mobil Stock Down 0.1 %

Shares of NYSE:XOM traded down $0.18 during midday trading on Thursday, reaching $120.87. The company’s stock had a trading volume of 6,823,106 shares, compared to its average volume of 17,982,457. The firm has a 50 day moving average of $112.69 and a 200-day moving average of $106.51. The firm has a market capitalization of $478.43 billion, a P/E ratio of 13.53, a PEG ratio of 4.16 and a beta of 0.96. 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 Co. has a 12-month low of $95.77 and a 12-month high of $123.75.

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

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Wednesday, February 14th were paid a dividend of $0.95 per share. The ex-dividend date of this dividend was Tuesday, February 13th. This represents a $3.80 annualized dividend and a yield of 3.14%. Exxon Mobil’s dividend payout ratio (DPR) is 42.74%.

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.