Laurel Wealth Advisors LLC Acquires 1,428 Shares of Exxon Mobil Co. (NYSE:XOM)

Laurel Wealth Advisors LLC boosted its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 5.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 26,309 shares of the oil and gas company’s stock after buying an additional 1,428 shares during the quarter. Laurel Wealth Advisors LLC’s holdings in Exxon Mobil were worth $2,630,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in XOM. Marion Wealth Management increased its stake in shares of Exxon Mobil by 55.7% in the 3rd quarter. Marion Wealth Management now owns 9,122 shares of the oil and gas company’s stock valued at $1,073,000 after acquiring an additional 3,264 shares in the last quarter. Kessler Investment Group LLC raised its stake in Exxon Mobil by 1.6% during the 3rd quarter. Kessler Investment Group LLC now owns 48,854 shares of the oil and gas company’s stock worth $5,744,000 after buying an additional 765 shares during the period. Proficio Capital Partners LLC boosted its holdings in Exxon Mobil by 1.3% in the third quarter. Proficio Capital Partners LLC now owns 13,206 shares of the oil and gas company’s stock worth $1,553,000 after acquiring an additional 175 shares in the last quarter. Capital Advisory Group Advisory Services LLC bought a new stake in shares of Exxon Mobil during the third quarter valued at approximately $374,000. Finally, Koshinski Asset Management Inc. raised its position in shares of Exxon Mobil by 3.2% during the third quarter. Koshinski Asset Management Inc. now owns 34,345 shares of the oil and gas company’s stock worth $4,038,000 after purchasing an additional 1,080 shares during the period. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Performance

NYSE:XOM traded up $1.67 during trading hours on Monday, reaching $119.63. The stock had a trading volume of 17,343,405 shares, compared to its average volume of 18,204,186. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $123.75. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.06 and a current ratio of 1.38. The stock has a 50 day simple moving average of $113.65 and a 200 day simple moving average of $106.73. The stock has a market cap of $473.53 billion, a P/E ratio of 14.66, a price-to-earnings-growth ratio of 4.05 and a beta of 0.96.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, April 26th. The oil and gas company reported $2.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.19 by ($0.13). The firm had revenue of $83.08 billion during the quarter, compared to the consensus estimate of $79.69 billion. Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The company’s revenue was down 4.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.83 earnings per share. On average, research analysts forecast that Exxon Mobil Co. will post 9.7 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

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 issued a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 3.18%. The ex-dividend date is Tuesday, May 14th. Exxon Mobil’s dividend payout ratio (DPR) is presently 46.57%.

Insider Activity at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,400 shares of the firm’s stock in a transaction 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 of the company’s stock, valued at $3,169,845. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.03% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have commented on XOM shares. TD Cowen boosted their price target on shares of Exxon Mobil from $115.00 to $120.00 and gave the company a “buy” rating in a research note on Monday, April 1st. Scotiabank upped their target price on shares of Exxon Mobil from $114.00 to $129.00 and gave the stock a “sector perform” rating in a report on Thursday, April 11th. Piper Sandler lifted their price target on Exxon Mobil from $130.00 to $145.00 and gave the company an “overweight” rating in a research note on Thursday, April 18th. Royal Bank of Canada reissued a “sector perform” rating and issued a $120.00 price objective on shares of Exxon Mobil in a research note on Monday, February 5th. Finally, UBS Group lifted their target price on Exxon Mobil from $133.00 to $150.00 and gave the company a “buy” rating in a research report on Thursday, April 11th. 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, the company has an average rating of “Moderate Buy” and an average price target 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.