Bare Financial Services Inc Makes New Investment in Exxon Mobil Co. (NYSE:XOM)

Bare Financial Services Inc purchased a new position in Exxon Mobil Co. (NYSE:XOM) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 1,157 shares of the oil and gas company’s stock, valued at approximately $116,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Trust Co. of Toledo NA OH increased its position in Exxon Mobil by 12.5% in the 3rd quarter. Trust Co. of Toledo NA OH now owns 60,647 shares of the oil and gas company’s stock worth $7,131,000 after buying an additional 6,727 shares during the period. Evanson Asset Management LLC boosted its holdings in Exxon Mobil by 5.7% in the 3rd quarter. Evanson Asset Management LLC now owns 25,776 shares of the oil and gas company’s stock valued at $3,031,000 after purchasing an additional 1,382 shares during the period. Charles Schwab Trust Co raised its position in shares of Exxon Mobil by 147.5% during the third quarter. Charles Schwab Trust Co now owns 26,682 shares of the oil and gas company’s stock valued at $3,137,000 after buying an additional 15,903 shares during the last quarter. Lineweaver Wealth Advisors LLC grew its position in Exxon Mobil by 86.2% during the third quarter. Lineweaver Wealth Advisors LLC now owns 14,606 shares of the oil and gas company’s stock worth $1,718,000 after buying an additional 6,761 shares in the last quarter. Finally, KG&L Capital Management LLC grew its position in Exxon Mobil by 4.1% during the third quarter. KG&L Capital Management LLC now owns 81,775 shares of the oil and gas company’s stock worth $9,608,000 after buying an additional 3,191 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Price Performance

Shares of XOM traded down $0.21 on Friday, hitting $116.03. The company’s stock had a trading volume of 28,021,338 shares, compared to its average volume of 18,548,303. The company has a market capitalization of $457.51 billion, a PE ratio of 14.22, a PEG ratio of 4.03 and a beta of 0.96. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.38 and a quick ratio of 1.06. Exxon Mobil Co. has a fifty-two week low of $95.77 and a fifty-two week high of $123.75. The company has a 50 day moving average price of $114.41 and a 200 day moving average price of $106.92.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, April 26th. The oil and gas company reported $2.06 earnings per share for the quarter, missing the consensus estimate of $2.19 by ($0.13). Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The company had revenue of $83.08 billion during the quarter, compared to the consensus estimate of $79.69 billion. During the same quarter last year, the firm earned $2.83 EPS. The business’s revenue for the quarter was down 4.0% on a year-over-year basis. On average, research analysts anticipate that Exxon Mobil Co. will post 9.6 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th will be given a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a dividend yield of 3.28%. The ex-dividend date is Tuesday, May 14th. Exxon Mobil’s payout ratio is 46.57%.

Insider Buying and Selling at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,400 shares of the company’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $105.00, for a total transaction of $252,000.00. Following the completion of the sale, the vice president now owns 30,189 shares in the company, valued at approximately $3,169,845. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Exxon Mobil news, VP Darrin L. Talley sold 2,426 shares of the company’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $119.01, for a total transaction of $288,718.26. Following the completion of the sale, the vice president now owns 25,363 shares in the company, valued at approximately $3,018,450.63. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Darrin L. Talley sold 2,400 shares of the company’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $105.00, for a total transaction of $252,000.00. Following the completion of the sale, the vice president now owns 30,189 shares of the company’s stock, valued at approximately $3,169,845. The disclosure for this sale can be found here. Corporate insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on XOM. TD Cowen lifted their target price on Exxon Mobil from $128.00 to $135.00 and gave the stock a “buy” rating in a research report on Tuesday. Mizuho reissued a “neutral” rating and set a $125.00 target price on shares of Exxon Mobil in a research report on Thursday, April 4th. Truist Financial lifted their target price on Exxon Mobil from $140.00 to $146.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. Scotiabank lifted their price objective on Exxon Mobil from $114.00 to $129.00 and gave the company a “sector perform” rating in a report on Thursday, April 11th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $120.00 price objective on shares of Exxon Mobil in a report on Monday, February 5th. Eight analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $134.06.

Exxon Mobil Company Profile

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.