Modera Wealth Management LLC Acquires 813 Shares of Exxon Mobil Co. (NYSE:XOM)

Modera Wealth Management LLC raised its holdings in Exxon Mobil Co. (NYSE:XOM) by 1.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 74,216 shares of the oil and gas company’s stock after purchasing an additional 813 shares during the quarter. Modera Wealth Management LLC’s holdings in Exxon Mobil were worth $7,983,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in XOM. FMR LLC lifted its stake in Exxon Mobil by 0.3% in the third quarter. FMR LLC now owns 151,863,649 shares of the oil and gas company’s stock valued at $17,801,457,000 after purchasing an additional 395,218 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Exxon Mobil by 1.8% in the third quarter. Geode Capital Management LLC now owns 92,194,981 shares of the oil and gas company’s stock valued at $10,777,735,000 after buying an additional 1,622,064 shares during the period. Bank of New York Mellon Corp lifted its position in shares of Exxon Mobil by 14.4% during the 4th quarter. Bank of New York Mellon Corp now owns 43,983,110 shares of the oil and gas company’s stock valued at $4,731,263,000 after buying an additional 5,538,694 shares during the last quarter. Franklin Resources Inc. grew its stake in shares of Exxon Mobil by 16.3% during the 3rd quarter. Franklin Resources Inc. now owns 31,522,556 shares of the oil and gas company’s stock worth $3,936,929,000 after acquiring an additional 4,415,012 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in Exxon Mobil by 0.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 31,160,117 shares of the oil and gas company’s stock worth $3,652,589,000 after acquiring an additional 146,374 shares during the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have commented on XOM. Scotiabank dropped their price objective on shares of Exxon Mobil from $145.00 to $140.00 in a report on Friday, January 31st. The Goldman Sachs Group cut their price objective on shares of Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating for the company in a report on Friday, January 31st. Wells Fargo & Company reduced their price objective 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. Truist Financial increased their target price on Exxon Mobil from $117.00 to $119.00 and gave the stock a “hold” rating in a research report on Monday, January 13th. Finally, TD Cowen reduced their price target on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating for the company in a research report on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $129.25.

Insider Buying and Selling

In other news, VP Darrin L. Talley sold 2,100 shares of the business’s stock in a transaction that occurred 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 sale, 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 can be accessed through this hyperlink. 0.03% of the stock is currently owned by corporate insiders.

Exxon Mobil Price Performance

XOM stock opened at $107.69 on Tuesday. The firm has a 50 day simple moving average of $108.98 and a two-hundred day simple moving average of $114.12. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. The stock has a market cap of $467.28 billion, a PE ratio of 13.74, a P/E/G ratio of 3.02 and a beta of 0.89. Exxon Mobil Co. has a one year low of $104.03 and a one year high of $126.34.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.77 by ($0.10). Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. During the same quarter in the previous year, the business earned $2.48 earnings per share. On average, analysts predict that Exxon Mobil Co. will post 7.43 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. Investors of record on Wednesday, February 12th will be issued a dividend of $0.99 per share. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.68%. Exxon Mobil’s dividend payout ratio is 50.51%.

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.