Golden State Wealth Management LLC Acquires Shares of 9,299 Exxon Mobil Co. (NYSE:XOM)

Golden State Wealth Management LLC bought a new position in Exxon Mobil Co. (NYSE:XOM) in the 4th quarter, according to its most recent disclosure with the SEC. The firm bought 9,299 shares of the oil and gas company’s stock, valued at approximately $1,000,000.

A number of other large investors have also recently modified their holdings of XOM. Solutions 4 Wealth Ltd bought a new stake in shares of Exxon Mobil during the fourth quarter valued at approximately $298,000. Global X Japan Co. Ltd. lifted its position in Exxon Mobil by 18.6% during the fourth quarter. Global X Japan Co. Ltd. now owns 4,350 shares of the oil and gas company’s stock valued at $468,000 after buying an additional 682 shares during the period. Beese Fulmer Investment Management Inc. boosted its holdings in shares of Exxon Mobil by 0.5% during the 4th quarter. Beese Fulmer Investment Management Inc. now owns 191,478 shares of the oil and gas company’s stock valued at $20,597,000 after buying an additional 921 shares in the last quarter. Fairvoy Private Wealth LLC purchased a new stake in shares of Exxon Mobil in the 4th quarter worth about $4,022,000. Finally, Keystone Financial Group Inc. bought a new position in shares of Exxon Mobil in the 4th quarter worth about $36,000. Institutional investors own 61.80% of the company’s stock.

Insider Transactions at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the business’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total transaction of $231,000.00. Following the completion of the sale, the vice president now owns 18,087 shares of the company’s stock, valued at approximately $1,989,570. The trade was a 10.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.03% of the stock is currently owned by company insiders.

Exxon Mobil Stock Up 1.9 %

XOM stock opened at $110.98 on Tuesday. The company has a market cap of $487.75 billion, a price-to-earnings ratio of 14.15, a P/E/G ratio of 2.94 and a beta of 0.89. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. The business’s 50-day moving average is $109.41 and its two-hundred day moving average is $114.97. Exxon Mobil Co. has a fifty-two week low of $100.42 and a fifty-two week high of $126.34.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 earnings per share for the quarter, missing the consensus estimate of $1.77 by ($0.10). Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. During the same quarter in the prior year, the firm posted $2.48 earnings per share. As a group, analysts forecast that Exxon Mobil Co. will post 7.37 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th will be given a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.57%. The ex-dividend date of this dividend is Wednesday, February 12th. Exxon Mobil’s payout ratio is 50.51%.

Analyst Upgrades and Downgrades

Several research firms recently commented on XOM. TD Cowen dropped their price objective on shares of Exxon Mobil from $132.00 to $128.00 and set a “buy” rating on the stock in a research note on Monday, December 16th. HSBC dropped their price target on Exxon Mobil from $125.00 to $123.00 and set a “hold” rating on the stock in a research report on Friday, January 31st. Wolfe Research raised their price objective on Exxon Mobil from $137.00 to $138.00 in a research report on Thursday, October 31st. UBS Group dropped their target price on Exxon Mobil from $149.00 to $147.00 and set a “buy” rating on the stock in a report on Thursday, December 12th. Finally, Mizuho reduced their price target on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating for the company in a report on Monday, December 16th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Exxon Mobil presently has an average rating of “Moderate Buy” and a consensus target price of $129.25.

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.