Exxon Mobil Co. (NYSE:XOM) Shares Acquired by Drive Wealth Management LLC

Drive Wealth Management LLC increased its stake in Exxon Mobil Co. (NYSE:XOM) by 2.2% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 17,852 shares of the oil and gas company’s stock after acquiring an additional 380 shares during the period. Exxon Mobil makes up 0.6% of Drive Wealth Management LLC’s investment portfolio, making the stock its 28th largest position. Drive Wealth Management LLC’s holdings in Exxon Mobil were worth $2,075,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of XOM. PFS Partners LLC boosted its position in Exxon Mobil by 0.5% during the first quarter. PFS Partners LLC now owns 18,836 shares of the oil and gas company’s stock worth $2,190,000 after purchasing an additional 89 shares during the period. Traynor Capital Management Inc. boosted its position in Exxon Mobil by 4.2% during the third quarter. Traynor Capital Management Inc. now owns 2,346 shares of the oil and gas company’s stock worth $276,000 after purchasing an additional 94 shares during the period. Money Concepts Capital Corp boosted its position in Exxon Mobil by 3.1% during the third quarter. Money Concepts Capital Corp now owns 3,119 shares of the oil and gas company’s stock worth $367,000 after purchasing an additional 95 shares during the period. Defined Wealth Management LLC boosted its position in Exxon Mobil by 2.4% during the third quarter. Defined Wealth Management LLC now owns 4,051 shares of the oil and gas company’s stock worth $476,000 after purchasing an additional 96 shares during the period. Finally, Well Done LLC boosted its position in Exxon Mobil by 0.8% during the third quarter. Well Done LLC now owns 12,436 shares of the oil and gas company’s stock worth $1,462,000 after purchasing an additional 97 shares during the period. 61.80% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,400 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total value of $252,000.00. Following the completion of the transaction, the vice president now directly owns 30,189 shares in the company, valued at approximately $3,169,845. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.03% of the stock is owned by insiders.

Analyst Ratings Changes

XOM has been the subject of several research reports. Wells Fargo & Company increased their price objective on Exxon Mobil from $126.00 to $138.00 and gave the company an “overweight” rating in a research report on Thursday, April 4th. UBS Group upped their target price on Exxon Mobil from $133.00 to $150.00 and gave the company a “buy” rating in a research note on Thursday, April 11th. Royal Bank of Canada restated a “sector perform” rating and issued a $120.00 target price on shares of Exxon Mobil in a research note on Monday, February 5th. Truist Financial upped their target price on Exxon Mobil from $140.00 to $146.00 and gave the company a “buy” rating in a research note on Friday, April 5th. Finally, Piper Sandler upped their target price on Exxon Mobil from $130.00 to $145.00 and gave the company an “overweight” rating in a research note on Thursday, April 18th. Eight equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, Exxon Mobil has an average rating of “Moderate Buy” and an average target price of $132.28.

Exxon Mobil Trading Down 2.8 %

Shares of Exxon Mobil stock traded down $3.37 during trading on Friday, hitting $117.96. 27,289,468 shares of the company were exchanged, compared to its average volume of 16,002,832. The firm has a market capitalization of $466.92 billion, a P/E ratio of 13.27, a price-to-earnings-growth ratio of 4.17 and a beta of 0.96. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $123.75. The firm’s fifty day moving average price is $113.33 and its 200 day moving average price is $106.67. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.48 and a quick ratio of 1.09.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, April 26th. The oil and gas company reported $2.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.19 by ($0.13). The company had revenue of $83.08 billion for the quarter, compared to analyst estimates of $79.69 billion. Exxon Mobil had a return on equity of 18.51% and a net margin of 10.45%. Exxon Mobil’s quarterly revenue was down 4.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.83 earnings per share. As a group, sell-side analysts expect that Exxon Mobil Co. will post 9.7 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Wednesday, May 15th will be given a $0.95 dividend. The ex-dividend date is Tuesday, May 14th. This represents a $3.80 annualized dividend and a dividend yield of 3.22%. Exxon Mobil’s dividend payout ratio is presently 42.74%.

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.