King Wealth Management Group Boosts Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

King Wealth Management Group boosted its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 2.7% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 31,130 shares of the oil and gas company’s stock after purchasing an additional 809 shares during the quarter. King Wealth Management Group’s holdings in Exxon Mobil were worth $3,349,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Bank of New York Mellon Corp grew its position in shares of Exxon Mobil by 14.4% in the fourth 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 purchasing an additional 5,538,694 shares during the last quarter. Pacer Advisors Inc. boosted its stake in Exxon Mobil by 1,524.1% in the 4th quarter. Pacer Advisors Inc. now owns 5,445,922 shares of the oil and gas company’s stock worth $585,818,000 after buying an additional 5,110,603 shares during the last quarter. Franklin Resources Inc. grew its holdings in Exxon Mobil by 16.3% in the third quarter. Franklin Resources Inc. now owns 31,522,556 shares of the oil and gas company’s stock valued at $3,936,929,000 after purchasing an additional 4,415,012 shares during the period. Proficio Capital Partners LLC grew its stake in shares of Exxon Mobil by 13,899.5% during the 4th quarter. Proficio Capital Partners LLC now owns 1,888,812 shares of the oil and gas company’s stock valued at $1,963,000 after buying an additional 1,875,320 shares during the period. Finally, Strategic Financial Concepts LLC increased its stake in Exxon Mobil by 11,131.0% during the fourth quarter. Strategic Financial Concepts LLC now owns 1,792,811 shares of the oil and gas company’s stock worth $192,853,000 after acquiring an additional 1,776,848 shares during the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,100 shares of the stock in a transaction dated 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 $1,989,570. This represents a 10.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on XOM shares. HSBC dropped their price objective on shares of Exxon Mobil from $125.00 to $123.00 and set a “hold” rating for the company in a research report on Friday, January 31st. Truist Financial increased their target price on Exxon Mobil from $117.00 to $119.00 and gave the company a “hold” rating in a research note on Monday, January 13th. Morgan Stanley boosted their price objective on Exxon Mobil from $139.00 to $140.00 in a report on Friday, January 31st. UBS Group dropped their target price on shares of Exxon Mobil from $149.00 to $147.00 and set a “buy” rating on the stock in a report on Thursday, December 12th. Finally, Scotiabank reduced their price objective on Exxon Mobil from $145.00 to $140.00 in a research report on Friday, January 31st. 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. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $129.25.

Exxon Mobil Stock Down 0.5 %

Shares of NYSE:XOM opened at $108.58 on Friday. Exxon Mobil Co. has a 52 week low of $103.67 and a 52 week high of $126.34. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. The company has a market cap of $471.14 billion, a PE ratio of 13.85, a price-to-earnings-growth ratio of 3.02 and a beta of 0.83. The firm has a 50 day simple moving average of $109.26 and a 200 day simple moving average of $113.73.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data 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 quarter last year, the business posted $2.48 earnings per share. As a group, research analysts expect that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Wednesday, February 12th were given a dividend of $0.99 per share. The ex-dividend date was Wednesday, February 12th. This represents a $3.96 annualized dividend and a dividend yield of 3.65%. Exxon Mobil’s dividend payout ratio is presently 50.51%.

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.