Bigelow Investment Advisors LLC Boosts Position in Exxon Mobil Co. (NYSE:XOM)

Bigelow Investment Advisors LLC grew its holdings in Exxon Mobil Co. (NYSE:XOM) by 1.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,727 shares of the oil and gas company’s stock after acquiring an additional 130 shares during the period. Bigelow Investment Advisors LLC’s holdings in Exxon Mobil were worth $1,477,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Litman Gregory Wealth Management LLC purchased a new position in shares of Exxon Mobil during the 3rd quarter valued at about $340,000. Sterling Investment Counsel LLC raised its position in Exxon Mobil by 47.0% during the third quarter. Sterling Investment Counsel LLC now owns 5,367 shares of the oil and gas company’s stock valued at $629,000 after acquiring an additional 1,717 shares in the last quarter. Sprinkle Financial Consultants LLC lifted its holdings in Exxon Mobil by 6.7% in the third quarter. Sprinkle Financial Consultants LLC now owns 3,713 shares of the oil and gas company’s stock valued at $435,000 after acquiring an additional 232 shares during the period. Detalus Advisors LLC boosted its position in Exxon Mobil by 14.5% in the 3rd quarter. Detalus Advisors LLC now owns 4,386 shares of the oil and gas company’s stock worth $514,000 after purchasing an additional 554 shares in the last quarter. Finally, Eagle Bay Advisors LLC grew its stake in shares of Exxon Mobil by 1.4% during the 3rd quarter. Eagle Bay Advisors LLC now owns 19,982 shares of the oil and gas company’s stock worth $2,342,000 after purchasing an additional 271 shares during the period. Institutional investors and hedge funds own 61.80% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on XOM shares. Truist Financial boosted their target price on shares of Exxon Mobil from $117.00 to $119.00 and gave the company a “hold” rating in a research note on Monday, January 13th. HSBC lowered their target price on shares of Exxon Mobil from $125.00 to $123.00 and set a “hold” rating on the stock in a research note on Friday, January 31st. Morgan Stanley lifted their price target on Exxon Mobil from $139.00 to $140.00 in a research note on Friday, January 31st. Royal Bank of Canada reiterated a “sector perform” rating and set a $115.00 price target on shares of Exxon Mobil in a research report on Monday, February 3rd. Finally, Mizuho cut their price objective on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating for the company in a research report on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Exxon Mobil currently has a consensus rating of “Moderate Buy” and a consensus price target of $129.25.

Exxon Mobil Stock Down 1.2 %

XOM stock opened at $110.67 on Friday. The company has a market cap of $486.39 billion, a price-to-earnings ratio of 14.12, a PEG ratio of 2.97 and a beta of 0.89. The firm has a 50-day moving average of $108.60 and a two-hundred day moving average of $114.49. Exxon Mobil Co. has a 12 month low of $102.88 and a 12 month high of $126.34. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 EPS 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 last year, the firm posted $2.48 earnings per share. As a group, analysts forecast that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently declared 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. The ex-dividend date is Wednesday, February 12th. This represents a $3.96 annualized dividend and a dividend yield of 3.58%. Exxon Mobil’s payout ratio is 50.51%.

Insider Activity 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 shares were sold at an average price of $110.00, for a total value of $231,000.00. Following the transaction, the vice president now directly owns 18,087 shares in the company, valued at $1,989,570. The trade was a 10.40 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.03% of the stock is currently owned by insiders.

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.