PKS Advisory Services LLC Takes Position in Exxon Mobil Co. (NYSE:XOM)

PKS Advisory Services LLC purchased a new stake in shares of Exxon Mobil Co. (NYSE:XOM) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 9,750 shares of the oil and gas company’s stock, valued at approximately $1,049,000.

A number of other large investors have also added to or reduced their stakes in the stock. Principal Financial Group Inc. grew its stake in Exxon Mobil by 8.4% during the third quarter. Principal Financial Group Inc. now owns 6,709,202 shares of the oil and gas company’s stock valued at $786,453,000 after acquiring an additional 521,932 shares in the last quarter. United Bank lifted its position in Exxon Mobil by 3.7% in the third quarter. United Bank now owns 17,920 shares of the oil and gas company’s stock worth $2,101,000 after buying an additional 641 shares during the last quarter. Eagle Asset Management Inc. grew its holdings in Exxon Mobil by 3.2% during the 3rd quarter. Eagle Asset Management Inc. now owns 61,484 shares of the oil and gas company’s stock valued at $7,446,000 after purchasing an additional 1,935 shares during the last quarter. Algert Global LLC bought a new stake in shares of Exxon Mobil during the 3rd quarter worth approximately $2,262,000. Finally, Fisher Asset Management LLC boosted its stake in shares of Exxon Mobil by 3.4% during the third quarter. Fisher Asset Management LLC now owns 29,197,557 shares of the oil and gas company’s stock valued at $3,422,538,000 after purchasing an additional 949,875 shares during the period. Institutional investors own 61.80% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on XOM shares. Wells Fargo & Company lowered their price objective on shares of Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating for the company in a research note on Monday, February 3rd. The Goldman Sachs Group lowered their price target on shares of Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $115.00 price target on shares of Exxon Mobil in a report on Monday, February 3rd. Bernstein Bank lifted their price target on Exxon Mobil from $138.00 to $144.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Finally, Piper Sandler reduced their price target on Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating on the stock in a report on Thursday, December 19th. 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 issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $129.15.

Exxon Mobil Stock Up 0.3 %

Shares of Exxon Mobil stock opened at $115.81 on Tuesday. The company has a market cap of $502.52 billion, a P/E ratio of 14.77, a P/E/G ratio of 3.02 and a beta of 0.83. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. The stock has a 50-day moving average price of $110.22 and a 200 day moving average price of $113.58. Exxon Mobil Co. has a 1 year low of $103.67 and a 1 year high of $126.34.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results 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 period last year, the business earned $2.48 EPS. As a group, analysts expect that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th were paid a $0.99 dividend. The ex-dividend date was Wednesday, February 12th. This represents a $3.96 annualized dividend and a dividend yield of 3.42%. Exxon Mobil’s dividend payout ratio (DPR) is currently 50.51%.

Insider Buying and Selling at Exxon Mobil

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

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.