IFP Advisors Inc Grows Position in Exxon Mobil Co. (NYSE:XOM)

IFP Advisors Inc grew its holdings in Exxon Mobil Co. (NYSE:XOM) by 17.2% in the 4th quarter, HoldingsChannel reports. The firm owned 173,490 shares of the oil and gas company’s stock after buying an additional 25,515 shares during the quarter. Exxon Mobil comprises approximately 0.6% of IFP Advisors Inc’s holdings, making the stock its 27th largest holding. IFP Advisors Inc’s holdings in Exxon Mobil were worth $18,663,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the business. Peterson Wealth Advisors LLC boosted its position in Exxon Mobil by 2.8% during the third quarter. Peterson Wealth Advisors LLC now owns 22,133 shares of the oil and gas company’s stock valued at $2,594,000 after purchasing an additional 593 shares in the last quarter. IVC Wealth Advisors LLC lifted its position in shares of Exxon Mobil by 36.3% during the third quarter. IVC Wealth Advisors LLC now owns 9,967 shares of the oil and gas company’s stock valued at $1,168,000 after buying an additional 2,655 shares during the last quarter. Insight Folios Inc boosted its holdings in shares of Exxon Mobil by 4.7% in the 3rd quarter. Insight Folios Inc now owns 72,329 shares of the oil and gas company’s stock valued at $8,478,000 after buying an additional 3,232 shares in the last quarter. FSA Advisors Inc. grew its position in shares of Exxon Mobil by 3.6% in the 3rd quarter. FSA Advisors Inc. now owns 3,006 shares of the oil and gas company’s stock worth $351,000 after buying an additional 104 shares during the last quarter. Finally, Southern Capital Advisors LLC raised its stake in shares of Exxon Mobil by 14.9% during the 3rd quarter. Southern Capital Advisors LLC now owns 5,483 shares of the oil and gas company’s stock worth $643,000 after acquiring an additional 713 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Insider Buying and Selling

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of Exxon Mobil stock in a transaction on Tuesday, February 4th. The shares were 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 owns 18,087 shares of the company’s stock, 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 link. 0.03% of the stock is currently owned by insiders.

Exxon Mobil Price Performance

Shares of XOM opened at $109.43 on Thursday. The company has a market capitalization of $474.84 billion, a P/E ratio of 13.96, a P/E/G ratio of 3.02 and a beta of 0.89. The business’s 50-day moving average is $108.75 and its two-hundred day moving average is $114.34. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. Exxon Mobil Co. has a fifty-two week low of $103.85 and a fifty-two week high of $126.34.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share for the quarter, missing the consensus estimate 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 firm earned $2.48 EPS. Research analysts predict that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Wednesday, February 12th will be paid a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 3.62%. The ex-dividend date of this dividend is Wednesday, February 12th. Exxon Mobil’s dividend payout ratio is currently 50.51%.

Analyst Ratings Changes

Several equities research analysts have weighed in on XOM shares. The Goldman Sachs Group lowered their target price on shares of Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. Truist Financial increased their price target on Exxon Mobil from $117.00 to $119.00 and gave the company a “hold” rating in a research note on Monday, January 13th. UBS Group dropped their price target on Exxon Mobil from $149.00 to $147.00 and set a “buy” rating on the stock in a research note on Thursday, December 12th. Wells Fargo & Company lowered their target price on shares of Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating for the company in a research note on Monday, February 3rd. Finally, JPMorgan Chase & Co. cut 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. One research analyst has rated the stock with a sell rating, eight have given 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, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $129.25.

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.