Wayfinding Financial LLC Makes New Investment in Exxon Mobil Co. (NYSE:XOM)

Wayfinding Financial LLC purchased a new stake in shares of Exxon Mobil Co. (NYSE:XOM) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 5,524 shares of the oil and gas company’s stock, valued at approximately $594,000.

Several other hedge funds also recently modified their holdings of XOM. Longfellow Investment Management Co. LLC increased its stake in Exxon Mobil by 0.6% during the 3rd quarter. Longfellow Investment Management Co. LLC now owns 14,537 shares of the oil and gas company’s stock worth $1,704,000 after purchasing an additional 88 shares in the last quarter. West Oak Capital LLC boosted its holdings in shares of Exxon Mobil by 0.6% in the fourth quarter. West Oak Capital LLC now owns 16,207 shares of the oil and gas company’s stock valued at $1,743,000 after buying an additional 92 shares during the period. Beacon Capital Management LLC increased its position in shares of Exxon Mobil by 1.1% during the fourth quarter. Beacon Capital Management LLC now owns 8,582 shares of the oil and gas company’s stock worth $923,000 after acquiring an additional 93 shares in the last quarter. Cadent Capital Advisors LLC raised its holdings in shares of Exxon Mobil by 0.3% during the fourth quarter. Cadent Capital Advisors LLC now owns 37,372 shares of the oil and gas company’s stock worth $4,020,000 after acquiring an additional 94 shares during the period. Finally, Lincoln Capital LLC raised its holdings in shares of Exxon Mobil by 1.1% during the fourth quarter. Lincoln Capital LLC now owns 8,521 shares of the oil and gas company’s stock worth $917,000 after acquiring an additional 94 shares during the period. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

XOM has been the subject of a number of research reports. Piper Sandler lowered their target price on Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating for the company in a report on Thursday, December 19th. Bernstein Bank increased their price objective on Exxon Mobil from $138.00 to $144.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Mizuho cut their target price on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating on the stock in a research note on Monday, December 16th. Morgan Stanley raised their price target on shares of Exxon Mobil from $139.00 to $140.00 in a research note on Friday, January 31st. Finally, Argus raised shares of Exxon Mobil to a “strong-buy” rating in a research report on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Exxon Mobil currently has an average rating of “Moderate Buy” and a consensus target price of $129.15.

Insiders Place Their Bets

In other news, VP Darrin L. Talley sold 2,100 shares of the company’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 transaction of $231,000.00. Following the completion of the sale, the vice president now owns 18,087 shares of the company’s stock, valued at approximately $1,989,570. This represents a 10.40 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.03% of the company’s stock.

Exxon Mobil Stock Performance

NYSE:XOM opened at $115.84 on Friday. The stock has a 50 day simple moving average of $109.92 and a 200 day simple moving average of $113.60. The stock has a market cap of $502.63 billion, a P/E ratio of 14.78, a PEG ratio of 3.02 and a beta of 0.83. Exxon Mobil Co. has a 1-year low of $103.67 and a 1-year high of $126.34. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14.

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 quarter last year, the company earned $2.48 earnings per share. Research analysts anticipate that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The company 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 of this dividend was Wednesday, February 12th. This represents a $3.96 annualized dividend and a yield of 3.42%. Exxon Mobil’s dividend payout ratio is 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.