Kingsview Wealth Management LLC Acquires 11,632 Shares of Exxon Mobil Co. (NYSE:XOM)

Kingsview Wealth Management LLC raised its position in shares of Exxon Mobil Co. (NYSE:XOM) by 8.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 144,843 shares of the oil and gas company’s stock after purchasing an additional 11,632 shares during the period. Kingsview Wealth Management LLC’s holdings in Exxon Mobil were worth $15,581,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Apollon Wealth Management LLC grew its holdings in Exxon Mobil by 7.3% during the fourth quarter. Apollon Wealth Management LLC now owns 176,183 shares of the oil and gas company’s stock valued at $18,952,000 after purchasing an additional 12,034 shares during the period. Byrne Asset Management LLC grew its holdings in Exxon Mobil by 2.1% during the fourth quarter. Byrne Asset Management LLC now owns 9,953 shares of the oil and gas company’s stock valued at $1,071,000 after purchasing an additional 206 shares during the period. Apollon Financial LLC boosted its holdings in shares of Exxon Mobil by 44.3% in the fourth quarter. Apollon Financial LLC now owns 14,523 shares of the oil and gas company’s stock worth $1,562,000 after acquiring an additional 4,462 shares during the period. Cantor Fitzgerald Investment Advisors L.P. boosted its holdings in shares of Exxon Mobil by 0.3% in the fourth quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 206,476 shares of the oil and gas company’s stock worth $22,211,000 after acquiring an additional 703 shares during the period. Finally, Westbourne Investment Advisors Inc. boosted its holdings in shares of Exxon Mobil by 0.9% in the fourth quarter. Westbourne Investment Advisors Inc. now owns 15,540 shares of the oil and gas company’s stock worth $1,672,000 after acquiring an additional 135 shares during the period. 61.80% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently commented on XOM. HSBC cut their price target on Exxon Mobil from $125.00 to $123.00 and set a “hold” rating for the company in a report on Friday, January 31st. Wells Fargo & Company cut their price target on Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating for the company in a report on Monday, February 3rd. Piper Sandler cut their price target on Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating for the company in a report on Thursday, December 19th. Bank of America began coverage on Exxon Mobil in a report on Thursday, October 17th. They issued a “neutral” rating and a $124.00 price target for the company. Finally, Truist Financial raised their price target on Exxon Mobil from $117.00 to $119.00 and gave the stock a “hold” rating in a report on Monday, January 13th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $129.25.

Exxon Mobil Trading Up 0.7 %

NYSE XOM opened at $111.71 on Wednesday. The stock’s 50-day simple moving average is $109.28 and its two-hundred day simple moving average is $114.92. Exxon Mobil Co. has a twelve month low of $100.42 and a twelve month high of $126.34. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $490.98 billion, a price-to-earnings ratio of 14.25, a PEG ratio of 2.94 and a beta of 0.89.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share for the quarter, missing analysts’ consensus estimates of $1.77 by ($0.10). Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. During the same period in the previous year, the company posted $2.48 EPS. Research analysts forecast that Exxon Mobil Co. will post 7.37 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th will be issued a $0.99 dividend. The ex-dividend date is Wednesday, February 12th. This represents a $3.96 annualized dividend and a dividend yield of 3.54%. Exxon Mobil’s dividend payout ratio is currently 50.51%.

Insider Transactions at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,100 shares of Exxon Mobil stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total value of $231,000.00. Following the transaction, the vice president now owns 18,087 shares in the company, valued at approximately $1,989,570. The trade was a 10.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.03% of the company’s stock.

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.