Vest Financial LLC Acquires 132,955 Shares of Exxon Mobil Co. (NYSE:XOM)

Vest Financial LLC raised its holdings in Exxon Mobil Co. (NYSE:XOM) by 19.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 818,409 shares of the oil and gas company’s stock after purchasing an additional 132,955 shares during the period. Exxon Mobil comprises 1.6% of Vest Financial LLC’s holdings, making the stock its 2nd largest position. Vest Financial LLC’s holdings in Exxon Mobil were worth $88,036,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Keystone Financial Group Inc. purchased a new position in shares of Exxon Mobil in the fourth quarter valued at approximately $36,000. Retirement Wealth Solutions LLC purchased a new position in shares of Exxon Mobil in the fourth quarter valued at approximately $46,000. Peterson Financial Group Inc. purchased a new position in shares of Exxon Mobil in the third quarter valued at approximately $51,000. Highline Wealth Partners LLC purchased a new position in shares of Exxon Mobil in the third quarter valued at approximately $54,000. Finally, Harbor Capital Advisors Inc. purchased a new position in shares of Exxon Mobil in the third quarter valued at approximately $63,000. 61.80% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, VP Darrin L. Talley sold 2,100 shares of the business’s stock in a transaction on 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 $1,989,570. The trade was a 10.40 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.03% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms have recently weighed in on XOM. Piper Sandler decreased 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. Argus upgraded Exxon Mobil to a “strong-buy” rating in a research report on Tuesday, February 4th. UBS Group reduced their price objective on Exxon Mobil from $149.00 to $147.00 and set a “buy” rating on the stock in a research report on Thursday, December 12th. HSBC reduced their price objective 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, Wolfe Research lifted their price objective on Exxon Mobil from $137.00 to $138.00 in a research report on Thursday, October 31st. One 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 assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $129.25.

Exxon Mobil Trading Up 0.7 %

Shares of NYSE XOM opened at $111.71 on Wednesday. Exxon Mobil Co. has a twelve month low of $100.42 and a twelve month 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. The stock has a fifty day simple moving average of $109.28 and a 200-day simple moving average of $114.92. The stock has a market capitalization of $490.98 billion, a PE ratio of 14.25, a PEG ratio of 2.94 and a beta of 0.89.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data 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 period last year, the firm earned $2.48 earnings per share. On average, equities analysts forecast that Exxon Mobil Co. will post 7.37 earnings per share for the current year.

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th will be paid a $0.99 dividend. The ex-dividend date is Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.54%. Exxon Mobil’s payout ratio is presently 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.