Solitude Financial Services Boosts Position in Exxon Mobil Co. (NYSE:XOM)

Solitude Financial Services grew its holdings in Exxon Mobil Co. (NYSE:XOM) by 9.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 30,585 shares of the oil and gas company’s stock after acquiring an additional 2,537 shares during the period. Exxon Mobil comprises 1.4% of Solitude Financial Services’ holdings, making the stock its 11th biggest position. Solitude Financial Services’ holdings in Exxon Mobil were worth $3,290,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Keystone Financial Group Inc. acquired a new stake in Exxon Mobil during the 4th quarter worth about $36,000. Retirement Wealth Solutions LLC purchased a new stake in shares of Exxon Mobil in the fourth quarter worth about $46,000. Compass Planning Associates Inc acquired a new stake in Exxon Mobil during the fourth quarter worth about $47,000. Synergy Investment Management LLC purchased a new position in Exxon Mobil during the fourth quarter valued at approximately $47,000. Finally, Compass Financial Services Inc acquired a new position in Exxon Mobil in the fourth quarter valued at approximately $48,000. Institutional investors and hedge funds 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 the firm’s stock in a transaction on Tuesday, February 4th. The stock was 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 of the company’s stock, valued at $1,989,570. This trade represents a 10.40 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.03% of the stock is currently owned by company insiders.

Analyst Ratings Changes

XOM has been the topic of a number of analyst reports. Argus raised shares of Exxon Mobil to a “strong-buy” rating in a research note on Tuesday, February 4th. JPMorgan Chase & Co. dropped 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 report on Monday, December 16th. HSBC decreased 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. Piper Sandler dropped 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. Finally, BMO Capital Markets reduced their price target on Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating for the company in a report on Friday, January 31st. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $129.25.

Exxon Mobil Price Performance

Shares of NYSE XOM opened at $109.05 on Monday. The firm has a 50-day simple moving average of $109.05 and a 200-day simple moving average of $113.87. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $473.20 billion, a price-to-earnings ratio of 13.91, a price-to-earnings-growth ratio of 3.02 and a beta of 0.83. Exxon Mobil Co. has a 52 week low of $103.67 and a 52 week high of $126.34.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 EPS 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 posted $2.48 earnings per share. On average, equities analysts predict that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Investors 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 dividend on an annualized basis and a yield of 3.63%. Exxon Mobil’s payout ratio is 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.