Exxon Mobil Co. (NYSE:XOM) Shares Purchased by Boothe Investment Group Inc.

Boothe Investment Group Inc. lifted its position in Exxon Mobil Co. (NYSE:XOM) by 10.9% during the fourth quarter, HoldingsChannel.com reports. The fund owned 30,904 shares of the oil and gas company’s stock after acquiring an additional 3,044 shares during the period. Exxon Mobil makes up 1.4% of Boothe Investment Group Inc.’s portfolio, making the stock its 24th largest position. Boothe Investment Group Inc.’s holdings in Exxon Mobil were worth $3,324,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Keystone Financial Group Inc. purchased a new position in Exxon Mobil during the fourth quarter worth approximately $36,000. Retirement Wealth Solutions LLC purchased a new position in Exxon Mobil during the fourth quarter worth approximately $46,000. Compass Planning Associates Inc purchased a new stake in Exxon Mobil in the fourth quarter valued at $47,000. Peterson Financial Group Inc. purchased a new stake in Exxon Mobil in the third quarter valued at $51,000. Finally, Compass Financial Services Inc purchased a new stake in Exxon Mobil in the fourth quarter valued at $48,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on XOM shares. Morgan Stanley lifted their target price on Exxon Mobil from $139.00 to $140.00 in a research report on Friday, January 31st. BMO Capital Markets reduced their target price on Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating on the stock in a research report on Friday, January 31st. Piper Sandler reduced their target price on Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating on the stock in a research report on Thursday, December 19th. HSBC reduced their target price on Exxon Mobil from $125.00 to $123.00 and set a “hold” rating on the stock in a research report on Friday, January 31st. Finally, Truist Financial lifted their target price on Exxon Mobil from $117.00 to $119.00 and gave the company a “hold” rating in a research report on Monday, January 13th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $129.25.

Insider Transactions at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,100 shares of the company’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total transaction of $231,000.00. Following the completion of the transaction, the vice president now directly 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.03% of the company’s stock.

Exxon Mobil Trading Down 0.3 %

XOM opened at $109.43 on Thursday. Exxon Mobil Co. has a 12 month low of $103.85 and a 12 month high of $126.34. The stock has a market capitalization of $474.84 billion, a price-to-earnings ratio of 13.96, a PEG ratio of 3.02 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. The business has a fifty day moving average price of $108.75 and a 200 day moving average price of $114.34.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, January 31st. The oil and gas company reported $1.67 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 period last year, the firm earned $2.48 EPS. Sell-side analysts expect that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm 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 dividend of $0.99 per share. The ex-dividend date is Wednesday, February 12th. This represents a $3.96 annualized dividend and a dividend yield of 3.62%. Exxon Mobil’s dividend payout ratio is currently 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.