Corps Capital Advisors LLC Takes Position in Exxon Mobil Co. (NYSE:XOM)

Corps Capital Advisors LLC purchased a new position in Exxon Mobil Co. (NYSE:XOM) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 5,340 shares of the oil and gas company’s stock, valued at approximately $574,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Keystone Financial Group Inc. bought a new stake in shares of Exxon Mobil in the 4th quarter valued at approximately $36,000. Retirement Wealth Solutions LLC acquired a new position in Exxon Mobil in the fourth quarter worth $46,000. Compass Financial Services Inc bought a new stake in Exxon Mobil during the fourth quarter valued at $48,000. Peterson Financial Group Inc. acquired a new stake in shares of Exxon Mobil during the third quarter worth $51,000. Finally, Highline Wealth Partners LLC bought a new position in shares of Exxon Mobil in the 3rd quarter worth about $54,000. 61.80% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

XOM has been the subject of a number of recent research reports. Wells Fargo & Company lowered their price objective on shares of Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating for the company in a research report on Monday, February 3rd. Argus upgraded Exxon Mobil to a “strong-buy” rating in a research report on Tuesday, February 4th. BMO Capital Markets cut their price target on Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating on the stock in a report on Friday, January 31st. Wolfe Research upped their price objective on Exxon Mobil from $137.00 to $138.00 in a research note on Thursday, October 31st. Finally, Truist Financial raised their target price on Exxon Mobil from $117.00 to $119.00 and gave the company a “hold” rating in a research note on Monday, January 13th. 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. According to MarketBeat.com, Exxon Mobil presently has a consensus rating of “Moderate Buy” and an average target price of $129.25.

Exxon Mobil Stock Performance

Shares of NYSE XOM opened at $110.67 on Friday. Exxon Mobil Co. has a 1 year low of $102.88 and a 1 year high of $126.34. The firm has a market cap of $480.20 billion, a P/E ratio of 14.12, a PEG ratio of 3.02 and a beta of 0.89. The stock has a fifty day moving average price of $108.60 and a two-hundred day moving average price of $114.49. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31.

Exxon Mobil (NYSE:XOM) last announced its earnings results 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 EPS. Research analysts forecast that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Wednesday, February 12th will be issued a $0.99 dividend. The ex-dividend date is Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.58%. Exxon Mobil’s payout ratio is currently 50.51%.

Insider Activity at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the company’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total value of $231,000.00. Following the transaction, the vice president now owns 18,087 shares of the company’s stock, valued at approximately $1,989,570. This represents a 10.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.03% of the company’s stock.

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.