Exxon Mobil Co. (NYSE:XOM) Stock Position Lifted by Linscomb Wealth Inc.

Linscomb Wealth Inc. increased its stake in Exxon Mobil Co. (NYSE:XOM) by 0.7% in the fourth quarter, HoldingsChannel reports. The fund owned 417,944 shares of the oil and gas company’s stock after purchasing an additional 2,943 shares during the period. Exxon Mobil makes up about 2.2% of Linscomb Wealth Inc.’s portfolio, making the stock its 9th biggest position. Linscomb Wealth Inc.’s holdings in Exxon Mobil were worth $44,958,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Fiducient Advisors LLC increased its stake in shares of Exxon Mobil by 224.2% in the third quarter. Fiducient Advisors LLC now owns 21,407 shares of the oil and gas company’s stock worth $2,509,000 after buying an additional 14,803 shares during the period. Cornerstone Wealth Group LLC grew its holdings in Exxon Mobil by 1.0% in the 3rd quarter. Cornerstone Wealth Group LLC now owns 82,500 shares of the oil and gas company’s stock worth $9,671,000 after acquiring an additional 791 shares during the last quarter. S.A. Mason LLC increased its position in shares of Exxon Mobil by 4.3% in the third quarter. S.A. Mason LLC now owns 7,033 shares of the oil and gas company’s stock valued at $824,000 after acquiring an additional 291 shares during the period. Voisard Asset Management Group Inc. raised its stake in shares of Exxon Mobil by 3.3% during the third quarter. Voisard Asset Management Group Inc. now owns 4,634 shares of the oil and gas company’s stock valued at $543,000 after acquiring an additional 147 shares during the last quarter. Finally, Catalyst Financial Partners LLC boosted its holdings in shares of Exxon Mobil by 2.7% during the third quarter. Catalyst Financial Partners LLC now owns 27,947 shares of the oil and gas company’s stock worth $3,276,000 after purchasing an additional 726 shares during the period. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the company’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total transaction of $231,000.00. Following the transaction, the vice president now owns 18,087 shares in the company, valued at approximately $1,989,570. This represents a 10.40 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.03% of the stock is owned by corporate insiders.

Exxon Mobil Stock Up 1.1 %

Shares of Exxon Mobil stock opened at $111.33 on Friday. The company has a 50-day simple moving average of $108.95 and a two-hundred day simple moving average of $114.23. The stock has a market capitalization of $483.08 billion, a PE ratio of 14.20, a price-to-earnings-growth ratio of 3.02 and a beta of 0.89. Exxon Mobil Co. has a 52-week low of $104.03 and a 52-week high of $126.34. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31.

Exxon Mobil (NYSE:XOM) last announced 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 return on equity of 12.92% and a net margin of 9.63%. During the same quarter in the previous year, the business earned $2.48 earnings per share. On average, analysts anticipate that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm 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 of this dividend is Wednesday, February 12th. This represents a $3.96 annualized dividend and a dividend yield of 3.56%. Exxon Mobil’s dividend payout ratio (DPR) is presently 50.51%.

Analyst Upgrades and Downgrades

XOM has been the topic of a number of research analyst reports. HSBC reduced their price target on Exxon Mobil from $125.00 to $123.00 and set a “hold” rating on the stock in a report on Friday, January 31st. Piper Sandler decreased their target price on Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating for the company in a report on Thursday, December 19th. Scotiabank cut their price target on shares of Exxon Mobil from $145.00 to $140.00 in a report on Friday, January 31st. The Goldman Sachs Group decreased their price objective on shares of Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating for the company in a report on Friday, January 31st. Finally, BMO Capital Markets cut their target price on shares of Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating on the stock in a research note on Friday, January 31st. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $129.25.

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.