1776 Wealth LLC Acquires Shares of 9,193 Exxon Mobil Co. (NYSE:XOM)

1776 Wealth LLC acquired a new stake in Exxon Mobil Co. (NYSE:XOM) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 9,193 shares of the oil and gas company’s stock, valued at approximately $989,000.

A number of other hedge funds have also recently bought and sold shares of XOM. Principal Financial Group Inc. lifted its stake in shares of Exxon Mobil by 8.4% in the 3rd quarter. Principal Financial Group Inc. now owns 6,709,202 shares of the oil and gas company’s stock valued at $786,453,000 after purchasing an additional 521,932 shares during the period. United Bank lifted its stake in shares of Exxon Mobil by 3.7% in the 3rd quarter. United Bank now owns 17,920 shares of the oil and gas company’s stock valued at $2,101,000 after purchasing an additional 641 shares during the period. Delta Financial Advisors LLC lifted its stake in shares of Exxon Mobil by 4.5% in the 3rd quarter. Delta Financial Advisors LLC now owns 25,877 shares of the oil and gas company’s stock valued at $3,033,000 after purchasing an additional 1,124 shares during the period. Weil Company Inc. raised its stake in Exxon Mobil by 3.0% during the 3rd quarter. Weil Company Inc. now owns 6,209 shares of the oil and gas company’s stock worth $728,000 after buying an additional 180 shares during the period. Finally, Bond & Devick Financial Network Inc. raised its stake in Exxon Mobil by 28.4% during the 3rd quarter. Bond & Devick Financial Network Inc. now owns 5,505 shares of the oil and gas company’s stock worth $645,000 after buying an additional 1,219 shares during the period. 61.80% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, VP Darrin L. Talley sold 2,100 shares of the business’s stock in a transaction that occurred on 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 in the company, valued at $1,989,570. The trade was a 10.40 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.03% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Morgan Stanley raised their price objective on Exxon Mobil from $139.00 to $140.00 in a research note on Friday, January 31st. Mizuho dropped their price objective on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating on the stock in a research note on Monday, December 16th. Argus raised Exxon Mobil to a “strong-buy” rating in a research note on Tuesday, February 4th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $115.00 price objective on shares of Exxon Mobil in a research note on Monday, February 3rd. Finally, Scotiabank dropped their price objective on Exxon Mobil from $145.00 to $140.00 in a research note on Friday, January 31st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $129.25.

Exxon Mobil Price Performance

Shares of NYSE XOM opened at $109.12 on Thursday. The stock has a market capitalization of $473.47 billion, a price-to-earnings ratio of 13.92, a PEG ratio of 3.02 and a beta of 0.83. The business has a 50-day moving average of $109.24 and a 200-day moving average of $113.77. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. Exxon Mobil Co. has a fifty-two week low of $103.67 and a fifty-two week high of $126.34.

Exxon Mobil (NYSE:XOM) last announced 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 net margin of 9.63% and a return on equity of 12.92%. During the same period in the prior year, the firm posted $2.48 earnings per share. As a group, sell-side analysts predict that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Wednesday, February 12th were issued a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 3.63%. The ex-dividend date of this dividend was Wednesday, February 12th. Exxon Mobil’s payout ratio is currently 50.51%.

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.