Confluence Wealth Services Inc. Has $6.23 Million Stock Position in Exxon Mobil Co. (NYSE:XOM)

Confluence Wealth Services Inc. boosted its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 2.7% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 53,624 shares of the oil and gas company’s stock after buying an additional 1,434 shares during the period. Exxon Mobil makes up approximately 0.6% of Confluence Wealth Services Inc.’s holdings, making the stock its 25th biggest holding. Confluence Wealth Services Inc.’s holdings in Exxon Mobil were worth $6,233,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. PFS Partners LLC boosted its stake in Exxon Mobil by 0.5% in the 1st quarter. PFS Partners LLC now owns 18,836 shares of the oil and gas company’s stock valued at $2,190,000 after purchasing an additional 89 shares during the period. Bay Rivers Group boosted its stake in Exxon Mobil by 2.5% in the 1st quarter. Bay Rivers Group now owns 3,747 shares of the oil and gas company’s stock valued at $436,000 after purchasing an additional 90 shares during the period. Money Concepts Capital Corp boosted its stake in Exxon Mobil by 3.1% in the 3rd quarter. Money Concepts Capital Corp now owns 3,119 shares of the oil and gas company’s stock valued at $367,000 after purchasing an additional 95 shares during the period. Defined Wealth Management LLC boosted its stake in Exxon Mobil by 2.4% in the 3rd quarter. Defined Wealth Management LLC now owns 4,051 shares of the oil and gas company’s stock valued at $476,000 after purchasing an additional 96 shares during the period. Finally, Crown Wealth Group LLC boosted its stake in Exxon Mobil by 2.4% in the 3rd quarter. Crown Wealth Group LLC now owns 4,154 shares of the oil and gas company’s stock valued at $488,000 after purchasing an additional 97 shares during the period. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, VP Darrin L. Talley sold 2,426 shares of the stock in a transaction dated Monday, April 29th. The stock was 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 legal filing with the SEC, which is available at this link. In other news, VP Darrin L. Talley sold 2,426 shares of the stock in a transaction dated Monday, April 29th. The stock was 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 legal filing with the SEC, which is available at this link. Also, VP Darrin L. Talley sold 2,400 shares of the stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $105.00, for a total value of $252,000.00. Following the completion of the sale, the vice president now directly owns 30,189 shares of the company’s stock, valued at approximately $3,169,845. The disclosure for this sale can be found here. Insiders own 0.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on XOM shares. Wells Fargo & Company boosted their price target on Exxon Mobil from $138.00 to $142.00 and gave the company an “overweight” rating in a research note on Tuesday. HSBC boosted their price target on Exxon Mobil from $111.00 to $120.00 and gave the company a “hold” rating in a research note on Tuesday. Royal Bank of Canada restated a “sector perform” rating and issued a $120.00 price target on shares of Exxon Mobil in a research note on Monday, February 5th. Barclays initiated coverage on Exxon Mobil in a research report on Wednesday, April 10th. They set an “overweight” rating and a $147.00 target price for the company. Finally, Piper Sandler upped their target price on Exxon Mobil from $130.00 to $145.00 and gave the company an “overweight” rating in a research report on Thursday, April 18th. Nine research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $133.56.

Exxon Mobil Price Performance

Shares of XOM stock traded down $1.42 on Tuesday, hitting $118.22. 21,079,912 shares of the company’s stock were exchanged, compared to its average volume of 18,238,875. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.38 and a quick ratio of 1.06. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $123.75. The stock has a market cap of $467.95 billion, a P/E ratio of 14.49, a price-to-earnings-growth ratio of 4.05 and a beta of 0.96. The company has a 50 day moving average of $113.96 and a 200 day moving average of $106.79.

Exxon Mobil (NYSE:XOM) last issued its earnings results 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 firm had revenue of $83.08 billion during the quarter, compared to analyst estimates of $79.69 billion. During the same period in the previous year, the company earned $2.83 EPS. Exxon Mobil’s revenue for the quarter was down 4.0% on a year-over-year basis. On average, equities research analysts predict that Exxon Mobil Co. will post 9.7 EPS for the current year.

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th will be paid a $0.95 dividend. The ex-dividend date is Tuesday, May 14th. This represents a $3.80 annualized dividend and a dividend yield of 3.21%. Exxon Mobil’s payout ratio is 46.57%.

Exxon Mobil Profile

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.