Allied Investment Advisors LLC Has $11.67 Million Holdings in Exxon Mobil Co. (NYSE:XOM)

Allied Investment Advisors LLC lifted its stake in Exxon Mobil Co. (NYSE:XOM) by 1.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 108,444 shares of the oil and gas company’s stock after acquiring an additional 1,812 shares during the period. Exxon Mobil makes up 2.4% of Allied Investment Advisors LLC’s portfolio, making the stock its 15th largest holding. Allied Investment Advisors LLC’s holdings in Exxon Mobil were worth $11,665,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Northcape Wealth Management LLC grew its position in Exxon Mobil by 5.3% during the fourth quarter. Northcape Wealth Management LLC now owns 34,086 shares of the oil and gas company’s stock worth $3,667,000 after buying an additional 1,705 shares in the last quarter. Atlas Legacy Advisors LLC bought a new stake in shares of Exxon Mobil in the 4th quarter worth approximately $428,000. Bank of Jackson Hole Trust acquired a new stake in shares of Exxon Mobil during the 4th quarter worth approximately $146,000. Kentucky Retirement Systems Insurance Trust Fund raised its stake in shares of Exxon Mobil by 17.6% in the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 154,702 shares of the oil and gas company’s stock valued at $15,656,000 after purchasing an additional 23,161 shares in the last quarter. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors lifted its position in Exxon Mobil by 11.8% in the fourth quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 23,220 shares of the oil and gas company’s stock worth $2,498,000 after purchasing an additional 2,459 shares during the period. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Performance

Shares of Exxon Mobil stock opened at $110.67 on Friday. 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 50 day simple moving average of $108.60 and a 200 day simple moving average of $114.49. Exxon Mobil Co. has a fifty-two week low of $102.88 and a fifty-two week high of $126.34. The firm has a market cap of $486.39 billion, a P/E ratio of 14.12, a P/E/G ratio of 2.97 and a beta of 0.89.

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 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. Sell-side analysts predict that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders 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 3.58%. Exxon Mobil’s payout ratio is presently 50.51%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on XOM shares. Scotiabank dropped their price objective on shares of Exxon Mobil from $145.00 to $140.00 in a research note on Friday, January 31st. Bernstein Bank increased their price target on shares of Exxon Mobil from $138.00 to $144.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Mizuho lowered their price objective on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating on the stock in a research note on Monday, December 16th. Morgan Stanley increased their target price on Exxon Mobil from $139.00 to $140.00 in a report on Friday, January 31st. Finally, Truist Financial boosted their price target on Exxon Mobil from $117.00 to $119.00 and gave the company a “hold” rating in a research note on Monday, January 13th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $129.25.

Insider Activity

In related news, VP Darrin L. Talley sold 2,100 shares of the stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total value of $231,000.00. Following the transaction, the vice president now directly owns 18,087 shares in the company, valued at $1,989,570. This represents a 10.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 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.