2,228 Shares in Exxon Mobil Co. (NYSE:XOM) Purchased by Sovereign Investment Advisors LLC

Sovereign Investment Advisors LLC acquired a new position in shares of Exxon Mobil Co. (NYSE:XOM) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 2,228 shares of the oil and gas company’s stock, valued at approximately $240,000.

Other large investors have also made changes to their positions in the company. Fairway Wealth LLC acquired a new position in Exxon Mobil in the 4th quarter valued at approximately $31,000. Keystone Financial Group Inc. bought a new stake in Exxon Mobil during the 4th quarter worth approximately $36,000. Retirement Wealth Solutions LLC bought a new stake in Exxon Mobil during the 4th quarter worth approximately $46,000. Compass Planning Associates Inc bought a new stake in Exxon Mobil during the 4th quarter worth approximately $47,000. Finally, Synergy Investment Management LLC bought a new position in Exxon Mobil in the 4th quarter valued at $47,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Insider Activity

In other news, VP Darrin L. Talley sold 2,100 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The stock was 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 owns 18,087 shares in the company, valued at $1,989,570. This trade represents a 10.40 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.03% of the stock is owned by corporate insiders.

Exxon Mobil Price Performance

Shares of NYSE XOM opened at $111.98 on Friday. The stock has a market capitalization of $485.90 billion, a price-to-earnings ratio of 14.28, a PEG ratio of 3.02 and a beta of 0.83. The business has a 50-day moving average of $109.34 and a 200-day moving average of $113.65. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. Exxon Mobil Co. has a fifty-two week low of $103.67 and a fifty-two week high of $126.34.

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 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 in the prior year, the firm posted $2.48 earnings per share. As a group, 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 business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th were issued a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 3.54%. The ex-dividend date of this dividend was Wednesday, February 12th. Exxon Mobil’s payout ratio is 50.51%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on XOM shares. Royal Bank of Canada restated a “sector perform” rating and issued a $115.00 price target on shares of Exxon Mobil in a research report on Monday, February 3rd. 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 research report on Thursday, December 19th. HSBC reduced their price target 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. BMO Capital Markets reduced their price target on Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating on the stock in a research report on Friday, January 31st. Finally, Mizuho dropped 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. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $129.25.

About Exxon Mobil

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.