Ellerson Group Inc. ADV Sells 450 Shares of Exxon Mobil Co. (NYSE:XOM)

Ellerson Group Inc. ADV reduced its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 1.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 41,225 shares of the oil and gas company’s stock after selling 450 shares during the period. Exxon Mobil comprises 3.6% of Ellerson Group Inc. ADV’s investment portfolio, making the stock its 7th largest holding. Ellerson Group Inc. ADV’s holdings in Exxon Mobil were worth $4,122,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in XOM. Keener Financial Planning LLC purchased a new position in Exxon Mobil in the fourth quarter worth approximately $80,000. Orion Capital Management LLC purchased a new stake in shares of Exxon Mobil during the 3rd quarter worth $91,000. Authentikos Wealth Advisory LLC acquired a new position in shares of Exxon Mobil during the third quarter worth $92,000. TFO Wealth Partners LLC raised its stake in Exxon Mobil by 118.5% in the third quarter. TFO Wealth Partners LLC now owns 968 shares of the oil and gas company’s stock valued at $104,000 after buying an additional 525 shares in the last quarter. Finally, Sumitomo Mitsui Financial Group Inc. raised its stake in Exxon Mobil by 851.6% in the third quarter. Sumitomo Mitsui Financial Group Inc. now owns 885 shares of the oil and gas company’s stock valued at $106,000 after buying an additional 792 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. HSBC increased their price objective on Exxon Mobil from $111.00 to $120.00 and gave the company a “hold” rating in a report on Tuesday. Piper Sandler increased their price target on shares of Exxon Mobil from $130.00 to $145.00 and gave the company an “overweight” rating in a research note on Thursday, April 18th. Wells Fargo & Company boosted their price objective on shares of Exxon Mobil from $138.00 to $142.00 and gave the stock an “overweight” rating in a research report on Tuesday. Scotiabank increased their target price on shares of Exxon Mobil from $114.00 to $129.00 and gave the company a “sector perform” rating in a research report on Thursday, April 11th. Finally, UBS Group lifted their price target on shares of Exxon Mobil from $133.00 to $150.00 and gave the stock a “buy” rating in a research note on Thursday, April 11th. Eight analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, Exxon Mobil has an average rating of “Moderate Buy” and an average target price of $134.06.

Exxon Mobil Stock Performance

XOM stock traded down $0.24 during trading on Friday, hitting $116.00. The company had a trading volume of 28,023,313 shares, compared to its average volume of 18,518,412. The firm has a 50-day moving average price of $114.65 and a 200-day moving average price of $106.96. The company has a quick ratio of 1.06, a current ratio of 1.38 and a debt-to-equity ratio of 0.15. The firm has a market cap of $457.39 billion, a PE ratio of 14.22, a price-to-earnings-growth ratio of 4.03 and a beta of 0.96. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $123.75.

Exxon Mobil (NYSE:XOM) last released 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 net margin of 9.62% and a return on equity of 16.75%. The company 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 firm posted $2.83 EPS. The company’s revenue for the quarter was down 4.0% on a year-over-year basis. On average, analysts expect that Exxon Mobil Co. will post 9.61 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th will be issued a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 3.28%. The ex-dividend date of this dividend is Tuesday, May 14th. Exxon Mobil’s payout ratio is 46.57%.

Insider Transactions at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,400 shares of the firm’s 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 owns 30,189 shares in the company, valued at $3,169,845. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, VP Darrin L. Talley sold 2,426 shares of the stock in a transaction dated 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 transaction, the vice president now owns 25,363 shares in the company, valued at approximately $3,018,450.63. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Darrin L. Talley sold 2,400 shares of the business’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total transaction of $252,000.00. Following the sale, the vice president now directly owns 30,189 shares in the company, valued at approximately $3,169,845. The disclosure for this sale can be found here. Company insiders own 0.03% of the company’s stock.

Exxon Mobil Company 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.