Allen Wealth Management LLC Buys New Holdings in Exxon Mobil Co. (NYSE:XOM)

Allen Wealth Management LLC bought a new stake in Exxon Mobil Co. (NYSE:XOM) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 58,328 shares of the oil and gas company’s stock, valued at approximately $5,832,000. Exxon Mobil comprises about 5.7% of Allen Wealth Management LLC’s portfolio, making the stock its 4th biggest holding.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Sollinda Capital Management LLC acquired a new position in shares of Exxon Mobil during the fourth quarter worth about $524,000. Regal Investment Advisors LLC increased its position in shares of Exxon Mobil by 9.3% during the fourth quarter. Regal Investment Advisors LLC now owns 20,877 shares of the oil and gas company’s stock worth $2,087,000 after acquiring an additional 1,777 shares during the last quarter. Sprott Inc. increased its position in shares of Exxon Mobil by 2.4% during the fourth quarter. Sprott Inc. now owns 136,697 shares of the oil and gas company’s stock worth $13,667,000 after acquiring an additional 3,216 shares during the last quarter. XML Financial LLC increased its position in shares of Exxon Mobil by 12.7% during the fourth quarter. XML Financial LLC now owns 47,477 shares of the oil and gas company’s stock worth $4,747,000 after acquiring an additional 5,359 shares during the last quarter. Finally, Elo Mutual Pension Insurance Co increased its position in shares of Exxon Mobil by 3.4% during the fourth quarter. Elo Mutual Pension Insurance Co now owns 349,760 shares of the oil and gas company’s stock worth $34,969,000 after acquiring an additional 11,429 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Price Performance

XOM traded down $1.22 during trading on Friday, reaching $112.75. The stock had a trading volume of 13,289,196 shares, compared to its average volume of 15,181,446. The firm has a market capitalization of $444.57 billion, a price-to-earnings ratio of 13.82, a price-to-earnings-growth ratio of 3.93 and a beta of 0.92. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $123.75. The stock has a 50 day moving average of $117.66 and a two-hundred day moving average of $108.62. The company has a quick ratio of 1.06, a current ratio of 1.38 and a debt-to-equity ratio of 0.15.

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 return on equity of 16.75% and a net margin of 9.62%. The business had revenue of $83.08 billion during the quarter, compared to the consensus estimate of $79.69 billion. During the same quarter in the prior year, the company posted $2.83 earnings per share. The company’s revenue for the quarter was down 4.0% on a year-over-year basis. As a group, equities analysts anticipate that Exxon Mobil Co. will post 9.57 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Wednesday, May 15th will be given a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 3.37%. The ex-dividend date is Tuesday, May 14th. Exxon Mobil’s dividend payout ratio (DPR) is presently 46.57%.

Analysts Set New Price Targets

XOM has been the topic of a number of analyst reports. UBS Group lifted their target price on Exxon Mobil from $150.00 to $152.00 and gave the stock a “buy” rating in a research report on Tuesday, May 7th. Piper Sandler boosted their price objective on Exxon Mobil from $130.00 to $145.00 and gave the company an “overweight” rating in a report on Thursday, April 18th. Scotiabank boosted their price objective on Exxon Mobil from $114.00 to $129.00 and gave the company a “sector perform” rating in a report on Thursday, April 11th. HSBC boosted their price objective on Exxon Mobil from $111.00 to $120.00 and gave the company a “hold” rating in a report on Tuesday, April 30th. Finally, Barclays initiated coverage on Exxon Mobil in a report on Wednesday, April 10th. They issued an “overweight” rating and a $147.00 price objective for the company. Nine research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, Exxon Mobil currently has an average rating of “Moderate Buy” and an average target price of $133.71.

Insider Transactions at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,426 shares of the firm’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $119.01, for a total value 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 $3,018,450.63. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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.