Significant Wealth Partners LLC Buys Shares of 5,723 Exxon Mobil Co. (NYSE:XOM)

Significant Wealth Partners LLC acquired a new position in shares of Exxon Mobil Co. (NYSE:XOM) in the 4th quarter, HoldingsChannel.com reports. The fund acquired 5,723 shares of the oil and gas company’s stock, valued at approximately $572,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Root Financial Partners LLC raised its holdings in Exxon Mobil by 10.7% during the fourth quarter. Root Financial Partners LLC now owns 2,054 shares of the oil and gas company’s stock worth $205,000 after purchasing an additional 199 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in Exxon Mobil by 83.0% during the third quarter. Assenagon Asset Management S.A. now owns 1,269,030 shares of the oil and gas company’s stock worth $149,213,000 after acquiring an additional 575,649 shares during the period. Qsemble Capital Management LP raised its position in Exxon Mobil by 34.3% in the third quarter. Qsemble Capital Management LP now owns 4,700 shares of the oil and gas company’s stock worth $553,000 after acquiring an additional 1,200 shares in the last quarter. RNC Capital Management LLC lifted its holdings in Exxon Mobil by 5.5% in the 4th quarter. RNC Capital Management LLC now owns 87,926 shares of the oil and gas company’s stock valued at $8,791,000 after acquiring an additional 4,585 shares during the last quarter. Finally, Meyer Handelman Co. grew its stake in shares of Exxon Mobil by 5.9% in the 3rd quarter. Meyer Handelman Co. now owns 390,975 shares of the oil and gas company’s stock worth $45,971,000 after purchasing an additional 21,895 shares during the last quarter. 61.80% of the stock is owned by institutional investors.

Exxon Mobil Price Performance

XOM opened at $121.05 on Wednesday. The stock has a fifty day moving average price of $112.29 and a 200 day moving average price of $106.41. The company has a current ratio of 1.48, a quick ratio of 1.09 and a debt-to-equity ratio of 0.18. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $123.75. The stock has a market cap of $479.15 billion, a price-to-earnings ratio of 13.62, a PEG ratio of 4.14 and a beta of 0.96.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, February 2nd. The oil and gas company reported $2.48 EPS for the quarter, beating the consensus estimate of $2.20 by $0.28. The business had revenue of $84.34 billion during the quarter, compared to analysts’ expectations of $90.03 billion. Exxon Mobil had a return on equity of 18.51% and a net margin of 10.45%. The firm’s quarterly revenue was down 11.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.40 EPS. Analysts forecast that Exxon Mobil Co. will post 9.7 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Wednesday, February 14th were issued a dividend of $0.95 per share. The ex-dividend date of this dividend was Tuesday, February 13th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.14%. Exxon Mobil’s dividend payout ratio is currently 42.74%.

Insider Activity at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,400 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total transaction of $252,000.00. Following the transaction, the vice president now directly owns 30,189 shares in the company, valued at $3,169,845. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.03% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

XOM has been the subject of a number of research reports. Truist Financial raised their target price on shares of Exxon Mobil from $140.00 to $146.00 and gave the stock a “buy” rating in a report on Friday, April 5th. UBS Group raised their price objective on Exxon Mobil from $133.00 to $150.00 and gave the stock a “buy” rating in a research note on Thursday, April 11th. TD Cowen boosted their target price on Exxon Mobil from $115.00 to $120.00 and gave the stock a “buy” rating in a research report on Monday, April 1st. Redburn Atlantic upgraded Exxon Mobil from a “neutral” rating to a “buy” rating and increased their price target for the company from $116.00 to $119.00 in a research report on Tuesday, January 9th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $120.00 price target on shares of Exxon Mobil in a research note on Monday, February 5th. Eight research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $132.28.

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.