Peddock Capital Advisors LLC Buys 147 Shares of Exxon Mobil Co. (NYSE:XOM)

Peddock Capital Advisors LLC raised its stake in Exxon Mobil Co. (NYSE:XOM) by 0.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 267,385 shares of the oil and gas company’s stock after purchasing an additional 147 shares during the period. Exxon Mobil comprises 8.1% of Peddock Capital Advisors LLC’s portfolio, making the stock its largest holding. Peddock Capital Advisors LLC’s holdings in Exxon Mobil were worth $26,733,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in the company. Keener Financial Planning LLC acquired a new stake in shares of Exxon Mobil during the fourth quarter worth about $80,000. Orion Capital Management LLC acquired a new position in Exxon Mobil in the 3rd quarter valued at about $91,000. Authentikos Wealth Advisory LLC purchased a new stake in Exxon Mobil during the 3rd quarter valued at approximately $92,000. TFO Wealth Partners LLC grew its stake in shares of 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 valued at $104,000 after purchasing an additional 525 shares during the last quarter. Finally, Sumitomo Mitsui Financial Group Inc. increased its holdings in shares of Exxon Mobil by 851.6% in the third quarter. Sumitomo Mitsui Financial Group Inc. now owns 885 shares of the oil and gas company’s stock valued at $106,000 after purchasing an additional 792 shares during the period. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Insiders Place Their Bets

In other news, VP Darrin L. Talley sold 2,426 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $119.01, for a total value of $288,718.26. Following the completion of the transaction, the vice president now owns 25,363 shares of the company’s stock, valued at $3,018,450.63. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, VP Darrin L. Talley sold 2,426 shares of Exxon Mobil stock in a transaction on Monday, April 29th. The stock was sold at an average price of $119.01, for a total value of $288,718.26. Following the completion of the sale, the vice president now owns 25,363 shares of the company’s stock, valued at $3,018,450.63. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Darrin L. Talley sold 2,400 shares of the stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total value of $252,000.00. Following the transaction, the vice president now owns 30,189 shares in the company, valued at $3,169,845. The disclosure for this sale can be found here. 0.03% of the stock is owned by corporate insiders.

Exxon Mobil Price Performance

Shares of XOM traded down $0.35 during mid-day trading on Wednesday, reaching $115.82. 8,550,724 shares of the company’s stock were exchanged, compared to its average volume of 18,704,369. 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 1.06, a current ratio of 1.38 and a debt-to-equity ratio of 0.15. The company has a 50-day simple moving average of $115.15 and a two-hundred day simple moving average of $106.95. The company has a market cap of $456.68 billion, a price-to-earnings ratio of 14.27, a PEG ratio of 4.03 and a beta of 0.96.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, April 26th. The oil and gas company reported $2.06 earnings per share for the quarter, missing the consensus estimate of $2.19 by ($0.13). Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The company had revenue of $83.08 billion for the quarter, compared to analysts’ expectations of $79.69 billion. During the same period in the previous year, the business posted $2.83 EPS. The business’s quarterly revenue was down 4.0% on a year-over-year basis. On average, sell-side analysts predict that Exxon Mobil Co. will post 9.61 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th will be issued a $0.95 dividend. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $3.80 dividend on an annualized basis and a yield of 3.28%. Exxon Mobil’s dividend payout ratio (DPR) is 46.57%.

Analysts Set New Price Targets

Several brokerages recently weighed in on XOM. Piper Sandler increased their price target on Exxon Mobil from $130.00 to $145.00 and gave the stock an “overweight” rating in a report on Thursday, April 18th. Wells Fargo & Company boosted their price target on shares of Exxon Mobil from $138.00 to $142.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 30th. HSBC raised their price objective on shares of Exxon Mobil from $111.00 to $120.00 and gave the company a “hold” rating in a research report on Tuesday, April 30th. Truist Financial boosted their target price on Exxon Mobil from $140.00 to $146.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. Finally, Mizuho restated a “neutral” rating and issued 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 given a buy rating to the company. Based on data from MarketBeat.com, Exxon Mobil currently has a consensus rating of “Moderate Buy” and an average target price of $134.18.

About Exxon Mobil

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.