Exxon Mobil Co. (NYSE:XOM) Shares Bought by PCG Wealth Advisors LLC

PCG Wealth Advisors LLC grew its position in Exxon Mobil Co. (NYSE:XOM) by 4.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,351 shares of the oil and gas company’s stock after purchasing an additional 201 shares during the period. PCG Wealth Advisors LLC’s holdings in Exxon Mobil were worth $435,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. FMR LLC increased its holdings in shares of Exxon Mobil by 3.0% in the third quarter. FMR LLC now owns 145,199,301 shares of the oil and gas company’s stock valued at $17,072,534,000 after purchasing an additional 4,162,149 shares during the period. Moneta Group Investment Advisors LLC increased its holdings in shares of Exxon Mobil by 140,855.3% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 123,341,568 shares of the oil and gas company’s stock valued at $13,604,575,000 after purchasing an additional 123,254,064 shares during the period. Morgan Stanley increased its holdings in shares of Exxon Mobil by 2.0% in the third quarter. Morgan Stanley now owns 53,828,024 shares of the oil and gas company’s stock valued at $6,329,099,000 after purchasing an additional 1,066,937 shares during the period. Norges Bank acquired a new position in shares of Exxon Mobil in the fourth quarter valued at about $5,226,390,000. Finally, Northern Trust Corp increased its holdings in shares of Exxon Mobil by 1.3% in the third quarter. Northern Trust Corp now owns 43,696,758 shares of the oil and gas company’s stock valued at $5,137,865,000 after purchasing an additional 576,078 shares during the period. 61.80% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, VP Darrin L. Talley sold 2,400 shares of Exxon Mobil stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total transaction of $252,000.00. Following the transaction, the vice president now owns 30,189 shares in the company, valued at $3,169,845. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.04% of the company’s stock.

Analysts Set New Price Targets

XOM has been the topic of a number of research reports. TD Cowen increased their price objective on Exxon Mobil from $115.00 to $120.00 and gave the company a “buy” rating in a report on Monday, April 1st. Scotiabank raised their target price on Exxon Mobil from $114.00 to $129.00 and gave the stock a “sector perform” rating in a report on Thursday, April 11th. Truist Financial raised their target price on Exxon Mobil from $140.00 to $146.00 and gave the stock a “buy” rating in a report on Friday, April 5th. Erste Group Bank reaffirmed a “hold” rating on shares of Exxon Mobil in a report on Friday, December 22nd. Finally, Redburn Atlantic raised Exxon Mobil from a “neutral” rating to a “buy” rating and raised their target price for the stock from $116.00 to $119.00 in a report on Tuesday, January 9th. Nine research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $131.44.

Exxon Mobil Stock Performance

NYSE XOM opened at $118.69 on Wednesday. The company has a market cap of $469.81 billion, a PE ratio of 13.35, a price-to-earnings-growth ratio of 4.15 and a beta of 0.96. The stock’s 50 day simple moving average is $110.57 and its 200-day simple moving average is $106.13. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $123.75. 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 released its earnings results on Friday, February 2nd. The oil and gas company reported $2.48 earnings per share for the quarter, beating the consensus estimate of $2.20 by $0.28. The business 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%. 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 earnings per share. As a group, equities research analysts anticipate that Exxon Mobil Co. will post 9.61 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Wednesday, February 14th were given a $0.95 dividend. The ex-dividend date of this dividend was Tuesday, February 13th. This represents a $3.80 annualized dividend and a dividend yield of 3.20%. Exxon Mobil’s dividend payout ratio (DPR) is presently 42.74%.

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.