Exxon Mobil Co. (NYSE:XOM) Shares Acquired by Lifeworks Advisors LLC

by · The Markets Daily

Lifeworks Advisors LLC lifted its stake in shares of Exxon Mobil Co. (NYSE:XOM – Free Report) by 7.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,417 shares of the oil and gas company’s stock after purchasing an additional 668 shares during the quarter. Lifeworks Advisors LLC’s holdings in Exxon Mobil were worth $1,013,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. Rockline Wealth Management LLC raised its position in Exxon Mobil by 6.1% during the 4th quarter. Rockline Wealth Management LLC now owns 25,918 shares of the oil and gas company’s stock worth $2,788,000 after buying an additional 1,498 shares during the last quarter. Helen Stephens Group LLC increased its stake in shares of Exxon Mobil by 7.3% during the fourth quarter. Helen Stephens Group LLC now owns 41,637 shares of the oil and gas company’s stock worth $4,479,000 after acquiring an additional 2,825 shares during the period. Brooklyn Investment Group raised its stake in shares of Exxon Mobil by 36.8% during the 3rd quarter. Brooklyn Investment Group now owns 25,127 shares of the oil and gas company’s stock worth $2,945,000 after buying an additional 6,753 shares in the last quarter. Parthenon LLC boosted its stake in shares of Exxon Mobil by 2.4% in the third quarter. Parthenon LLC now owns 191,590 shares of the oil and gas company’s stock valued at $22,458,000 after buying an additional 4,445 shares in the last quarter. Finally, Hilltop Holdings Inc. grew its holdings in Exxon Mobil by 41.3% during the third quarter. Hilltop Holdings Inc. now owns 76,288 shares of the oil and gas company’s stock worth $8,942,000 after acquiring an additional 22,296 shares during the period. 61.80% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on XOM. TD Cowen cut their price target on shares of Exxon Mobil from $132.00 to $128.00 and set a “buy” rating for the company in a report on Monday, December 16th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $115.00 target price on shares of Exxon Mobil in a report on Monday, February 3rd. Bernstein Bank boosted their price target on Exxon Mobil from $138.00 to $144.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Truist Financial raised their price objective on Exxon Mobil from $117.00 to $119.00 and gave the company a “hold” rating in a research note on Monday, January 13th. Finally, Scotiabank decreased their target price on Exxon Mobil from $145.00 to $140.00 in a research report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $129.25.

Read Our Latest Research Report on Exxon Mobil

Insider Transactions at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,100 shares of the company’s stock in a transaction that occurred on 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 transaction, the vice president now 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.03% of the company’s stock.

Exxon Mobil Stock Up 1.3 %

XOM stock opened at $109.05 on Friday. The company has a 50 day moving average price of $109.05 and a two-hundred day moving average price of $113.87. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. The stock has a market capitalization of $473.20 billion, a P/E ratio of 13.91, a PEG ratio of 3.02 and a beta of 0.89. Exxon Mobil Co. has a one year low of $103.67 and a one year high of $126.34.

Exxon Mobil (NYSE:XOM – Get Free Report) last announced its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 EPS 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 in the previous year, the company posted $2.48 earnings per share. As a group, sell-side analysts expect that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The business 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 dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.63%. The ex-dividend date of this dividend is Wednesday, February 12th. Exxon Mobil’s dividend payout ratio is currently 50.51%.

Exxon Mobil Company Profile

(Free Report)

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.

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