BlackDiamond Wealth Management LLC Acquires 298 Shares of Exxon Mobil Co. (NYSE:XOM)

BlackDiamond Wealth Management LLC raised its position in Exxon Mobil Co. (NYSE:XOM) by 9.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,558 shares of the oil and gas company’s stock after purchasing an additional 298 shares during the quarter. BlackDiamond Wealth Management LLC’s holdings in Exxon Mobil were worth $383,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vertex Planning Partners LLC increased its position in shares of Exxon Mobil by 3.1% in the third quarter. Vertex Planning Partners LLC now owns 2,778 shares of the oil and gas company’s stock valued at $326,000 after acquiring an additional 83 shares during the last quarter. Longfellow Investment Management Co. LLC boosted its stake in shares of Exxon Mobil by 0.6% in the third quarter. Longfellow Investment Management Co. LLC now owns 14,537 shares of the oil and gas company’s stock valued at $1,704,000 after buying an additional 88 shares during the period. West Oak Capital LLC lifted its stake in Exxon Mobil by 0.6% during the fourth quarter. West Oak Capital LLC now owns 16,207 shares of the oil and gas company’s stock worth $1,743,000 after purchasing an additional 92 shares during the last quarter. Beacon Capital Management LLC increased its holdings in shares of Exxon Mobil by 1.1% during the fourth quarter. Beacon Capital Management LLC now owns 8,582 shares of the oil and gas company’s stock worth $923,000 after buying an additional 93 shares in the last quarter. Finally, Cadent Capital Advisors LLC increased its holdings in shares of Exxon Mobil by 0.3% during the fourth quarter. Cadent Capital Advisors LLC now owns 37,372 shares of the oil and gas company’s stock worth $4,020,000 after buying an additional 94 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on XOM shares. Wells Fargo & Company decreased their price objective on Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating for the company in a report on Monday, February 3rd. TD Cowen cut their price objective on shares of Exxon Mobil from $132.00 to $128.00 and set a “buy” rating on the stock in a research report on Monday, December 16th. Piper Sandler cut their price objective on shares of Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating on the stock in a research report on Thursday, December 19th. JPMorgan Chase & Co. cut their price objective on shares of Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating on the stock in a research report on Monday, December 16th. Finally, Scotiabank dropped their price target on shares of Exxon Mobil from $145.00 to $140.00 in a research report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Exxon Mobil has an average rating of “Moderate Buy” and a consensus price target of $129.25.

Insider Buying and Selling at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the 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 completion of the sale, the vice president now directly owns 18,087 shares of the company’s stock, valued at approximately $1,989,570. This represents a 10.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.03% of the company’s stock.

Exxon Mobil Stock Up 1.7 %

Shares of Exxon Mobil stock opened at $113.79 on Tuesday. 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 1 year low of $103.67 and a 1 year high of $126.34. The firm’s 50-day moving average is $109.47 and its two-hundred day moving average is $113.60. The stock has a market cap of $493.74 billion, a price-to-earnings ratio of 14.51, a PEG ratio of 3.02 and a beta of 0.83.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (EPS) for the quarter, missing the consensus estimate 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 prior year, the firm earned $2.48 EPS. As a group, research analysts expect 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 was paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th were issued a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.48%. The ex-dividend date of this dividend was Wednesday, February 12th. Exxon Mobil’s payout ratio is 50.51%.

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.