AllGen Financial Advisors Inc. Acquires 171 Shares of Exxon Mobil Co. (NYSE:XOM)

AllGen Financial Advisors Inc. raised its stake in Exxon Mobil Co. (NYSE:XOM) by 0.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 25,923 shares of the oil and gas company’s stock after acquiring an additional 171 shares during the quarter. Exxon Mobil makes up approximately 1.3% of AllGen Financial Advisors Inc.’s investment portfolio, making the stock its 20th largest position. AllGen Financial Advisors Inc.’s holdings in Exxon Mobil were worth $2,592,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in XOM. Keener Financial Planning LLC acquired a new stake in Exxon Mobil during the 4th quarter worth approximately $80,000. Orion Capital Management LLC acquired a new stake in Exxon Mobil in the third quarter valued at $91,000. Authentikos Wealth Advisory LLC acquired a new stake in Exxon Mobil in the third quarter valued at $92,000. TFO Wealth Partners LLC raised its position in Exxon Mobil by 118.5% during the 3rd quarter. TFO Wealth Partners LLC now owns 968 shares of the oil and gas company’s stock worth $104,000 after purchasing an additional 525 shares during the last quarter. Finally, Sumitomo Mitsui Financial Group Inc. lifted its holdings in Exxon Mobil by 851.6% during the 3rd quarter. Sumitomo Mitsui Financial Group Inc. now owns 885 shares of the oil and gas company’s stock worth $106,000 after buying an additional 792 shares during the period. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on XOM shares. UBS Group increased their price target on Exxon Mobil from $133.00 to $150.00 and gave the company a “buy” rating in a research note on Thursday, April 11th. Mizuho restated a “neutral” rating and set a $125.00 price target on shares of Exxon Mobil in a report on Thursday, April 4th. Wells Fargo & Company upped their price objective on shares of Exxon Mobil from $138.00 to $142.00 and gave the company an “overweight” rating in a research note on Tuesday, April 30th. Truist Financial lifted their target price on shares of Exxon Mobil from $140.00 to $146.00 and gave the stock a “buy” rating in a research note on Friday, April 5th. Finally, Piper Sandler upped their price target on shares of Exxon Mobil from $130.00 to $145.00 and gave the company an “overweight” rating in a research report on Thursday, April 18th. Eight analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $134.06.

Exxon Mobil Stock Down 0.2 %

NYSE XOM traded down $0.24 during mid-day trading on Friday, hitting $116.00. The company’s stock had a trading volume of 28,023,313 shares, compared to its average volume of 18,518,412. The company has a current ratio of 1.38, a quick ratio of 1.06 and a debt-to-equity ratio of 0.15. The company’s 50 day simple moving average is $114.65 and its 200 day simple moving average is $106.89. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $123.75. The firm has a market capitalization of $457.39 billion, a price-to-earnings ratio of 14.22, a PEG ratio of 4.03 and a beta of 0.96.

Exxon Mobil (NYSE:XOM) last issued 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). Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The business had revenue of $83.08 billion for the quarter, compared to analyst estimates of $79.69 billion. During the same quarter in the prior year, the business earned $2.83 earnings per share. The firm’s quarterly revenue was down 4.0% compared to the same quarter last year. Analysts anticipate that Exxon Mobil Co. will post 9.61 earnings per share for the current year.

Exxon Mobil Dividend Announcement

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

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,400 shares of the 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 sale, the vice president now directly owns 30,189 shares of the company’s stock, valued at approximately $3,169,845. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other 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 value 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Darrin L. Talley sold 2,426 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $3,018,450.63. The disclosure for this sale can be found here. 0.03% of the stock is owned by insiders.

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.