Platform Technology Partners Boosts Stake in Exxon Mobil Co. (NYSE:XOM)

Platform Technology Partners boosted its position in shares of Exxon Mobil Co. (NYSE:XOM) by 30.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,373 shares of the oil and gas company’s stock after buying an additional 3,358 shares during the period. Platform Technology Partners’ holdings in Exxon Mobil were worth $1,546,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in XOM. Keystone Financial Group Inc. acquired a new stake in Exxon Mobil during the 4th quarter worth $36,000. Retirement Wealth Solutions LLC acquired a new stake in shares of Exxon Mobil during the fourth quarter worth about $46,000. Peterson Financial Group Inc. acquired a new position in Exxon Mobil in the 3rd quarter valued at about $51,000. Highline Wealth Partners LLC acquired a new position in Exxon Mobil in the 3rd quarter valued at about $54,000. Finally, Harbor Capital Advisors Inc. acquired a new stake in Exxon Mobil during the 3rd quarter worth approximately $63,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on XOM. Piper Sandler lowered their target price on Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating on the stock in a research note on Thursday, December 19th. Wolfe Research lifted their price objective on shares of Exxon Mobil from $137.00 to $138.00 in a research report on Thursday, October 31st. Bernstein Bank raised their target price on shares of Exxon Mobil from $138.00 to $144.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. JPMorgan Chase & Co. dropped their price target on shares of Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating on the stock in a research note on Monday, December 16th. Finally, UBS Group reduced their price objective on shares of Exxon Mobil from $149.00 to $147.00 and set a “buy” rating for the company in a research report on Thursday, December 12th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Exxon Mobil has an average rating of “Moderate Buy” and a consensus target price of $129.25.

Insider Activity at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the business’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total value of $231,000.00. Following the completion of the transaction, the vice president now directly owns 18,087 shares in the company, valued at approximately $1,989,570. The trade was a 10.40 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.03% of the company’s stock.

Exxon Mobil Trading Up 1.9 %

Shares of Exxon Mobil stock opened at $110.98 on Tuesday. The business has a 50 day moving average price of $109.41 and a 200 day moving average price of $114.97. The company has a market capitalization of $487.75 billion, a P/E ratio of 14.15, a P/E/G ratio of 2.94 and a beta of 0.89. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. Exxon Mobil Co. has a 1 year low of $100.42 and a 1 year high of $126.34.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 EPS 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 last year, the business posted $2.48 EPS. Sell-side analysts anticipate that Exxon Mobil Co. will post 7.37 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th will be given a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.57%. The ex-dividend date of this dividend is Wednesday, February 12th. Exxon Mobil’s dividend payout ratio is presently 50.51%.

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.