6,249 Shares in Exxon Mobil Co. (NYSE:XOM) Acquired by Wellington Wealth Strategies LLC.

Wellington Wealth Strategies LLC. acquired a new position in Exxon Mobil Co. (NYSE:XOM) during the 4th quarter, HoldingsChannel.com reports. The firm acquired 6,249 shares of the oil and gas company’s stock, valued at approximately $625,000.

Several other institutional investors also recently modified their holdings of the stock. Prospect Financial Services LLC bought a new position in shares of Exxon Mobil in the fourth quarter worth approximately $3,826,000. Sunpointe LLC purchased a new stake in Exxon Mobil in the fourth quarter worth approximately $689,000. Voisard Asset Management Group Inc. purchased a new stake in Exxon Mobil in the fourth quarter worth approximately $190,000. Taylor Financial Group Inc. purchased a new stake in Exxon Mobil in the fourth quarter worth approximately $918,000. Finally, Burford Brothers Inc. purchased a new stake in Exxon Mobil in the fourth quarter worth approximately $3,434,000. 61.80% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on XOM. Mizuho increased their price objective on Exxon Mobil from $125.00 to $128.00 and gave the company a “neutral” rating in a research note on Monday, May 13th. TD Cowen increased their price objective on Exxon Mobil from $128.00 to $135.00 and gave the company a “buy” rating in a research note on Tuesday, April 30th. UBS Group raised their price target on Exxon Mobil from $150.00 to $152.00 and gave the stock a “buy” rating in a research note on Tuesday, May 7th. Barclays assumed coverage on Exxon Mobil in a research note on Wednesday, April 10th. They issued an “overweight” rating and a $147.00 price target for the company. Finally, Piper Sandler raised their price target on Exxon Mobil from $130.00 to $145.00 and gave the stock an “overweight” rating in a research note on Thursday, April 18th. Nine investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $133.71.

Insider Activity

In related news, VP Darrin L. Talley sold 2,426 shares of Exxon Mobil stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $119.01, for a total transaction of $288,718.26. Following the sale, the vice president now owns 25,363 shares of the company’s stock, valued at approximately $3,018,450.63. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.03% of the company’s stock.

Exxon Mobil Stock Performance

Shares of Exxon Mobil stock traded down $0.89 during trading on Friday, hitting $109.15. 13,309,636 shares of the company’s stock traded hands, compared to its average volume of 18,080,055. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.38 and a quick ratio of 1.06. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $123.75. The stock has a market capitalization of $430.38 billion, a P/E ratio of 13.38, a PEG ratio of 3.95 and a beta of 0.92. The business has a 50-day simple moving average of $116.83 and a 200-day simple moving average of $108.80.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, April 26th. The oil and gas company reported $2.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.19 by ($0.13). The firm had revenue of $83.08 billion during the quarter, compared to analysts’ expectations of $79.69 billion. Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The company’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same period in the previous year, the business posted $2.83 earnings per share. As a group, analysts forecast that Exxon Mobil Co. will post 9.36 EPS for the current year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th were given a dividend of $0.95 per share. The ex-dividend date of this dividend was Tuesday, May 14th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.48%. Exxon Mobil’s payout ratio is currently 46.57%.

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.