IAG Wealth Partners LLC Raises Holdings in Exxon Mobil Co. (NYSE:XOM)

IAG Wealth Partners LLC lifted its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 149.7% in the fourth quarter, HoldingsChannel reports. The firm owned 1,326 shares of the oil and gas company’s stock after acquiring an additional 795 shares during the period. IAG Wealth Partners LLC’s holdings in Exxon Mobil were worth $143,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. FMR LLC increased its stake in shares of Exxon Mobil by 0.3% during the 3rd quarter. FMR LLC now owns 151,863,649 shares of the oil and gas company’s stock worth $17,801,457,000 after purchasing an additional 395,218 shares in the last quarter. Geode Capital Management LLC boosted its position in Exxon Mobil by 1.8% during the third quarter. Geode Capital Management LLC now owns 92,194,981 shares of the oil and gas company’s stock worth $10,777,735,000 after acquiring an additional 1,622,064 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Exxon Mobil by 14.4% during the fourth quarter. Bank of New York Mellon Corp now owns 43,983,110 shares of the oil and gas company’s stock worth $4,731,263,000 after acquiring an additional 5,538,694 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Exxon Mobil by 2.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 31,860,532 shares of the oil and gas company’s stock worth $3,427,237,000 after acquiring an additional 700,415 shares during the last quarter. Finally, Franklin Resources Inc. boosted its position in Exxon Mobil by 16.3% during the third 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 last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the business’s 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 directly owns 18,087 shares of the company’s stock, valued at approximately $1,989,570. The trade was a 10.40 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.03% of the stock is currently owned by insiders.

Exxon Mobil Stock Performance

NYSE XOM opened at $109.12 on Thursday. 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 firm has a market capitalization of $473.47 billion, a price-to-earnings ratio of 13.92, a P/E/G ratio of 3.02 and a beta of 0.83. The company’s fifty day moving average is $109.24 and its two-hundred day moving average is $113.77. 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 return on equity of 12.92% and a net margin of 9.63%. During the same quarter in the prior year, the company earned $2.48 EPS. Equities research analysts forecast that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Wednesday, February 12th were issued a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.63%. The ex-dividend date was Wednesday, February 12th. Exxon Mobil’s dividend payout ratio is currently 50.51%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on XOM shares. Piper Sandler decreased their target price on shares of Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating on the stock in a research report on Thursday, December 19th. Scotiabank decreased their target price on shares of Exxon Mobil from $145.00 to $140.00 in a research report on Friday, January 31st. JPMorgan Chase & Co. decreased their target price 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. TD Cowen decreased their price target on shares of Exxon Mobil from $132.00 to $128.00 and set a “buy” rating on the stock in a report on Monday, December 16th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $115.00 price target on shares of Exxon Mobil in a report on Monday, February 3rd. One analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $129.25.

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.