Royal Fund Management LLC Boosts Holdings in Exxon Mobil Co. (NYSE:XOM)

Royal Fund Management LLC raised its holdings in Exxon Mobil Co. (NYSE:XOM) by 5.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,338 shares of the oil and gas company’s stock after buying an additional 387 shares during the quarter. Royal Fund Management LLC’s holdings in Exxon Mobil were worth $734,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. AJOVista LLC purchased a new stake in shares of Exxon Mobil during the 4th quarter worth about $312,000. ARS Wealth Advisors Group LLC grew its holdings in shares of Exxon Mobil by 6.6% during the 4th quarter. ARS Wealth Advisors Group LLC now owns 143,509 shares of the oil and gas company’s stock worth $14,348,000 after purchasing an additional 8,922 shares during the period. Sapient Capital LLC purchased a new stake in shares of Exxon Mobil during the 4th quarter worth about $4,814,000. Axxcess Wealth Management LLC grew its holdings in shares of Exxon Mobil by 12.8% during the 4th quarter. Axxcess Wealth Management LLC now owns 142,510 shares of the oil and gas company’s stock worth $14,248,000 after purchasing an additional 16,120 shares during the period. Finally, Signature Resources Capital Management LLC purchased a new stake in shares of Exxon Mobil during the 4th quarter worth about $458,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Performance

Shares of NYSE XOM traded down $0.24 during trading on Friday, reaching $116.00. The stock had a trading volume of 28,023,313 shares, compared to its average volume of 18,518,412. Exxon Mobil Co. has a one year low of $95.77 and a one year high of $123.75. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.06 and a current ratio of 1.38. The stock has a market cap of $457.39 billion, a PE ratio of 14.22, a P/E/G ratio of 4.03 and a beta of 0.96. The firm’s 50 day moving average price is $114.65 and its two-hundred day moving average price is $106.96.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, April 26th. The oil and gas company reported $2.06 EPS for the quarter, missing analysts’ consensus estimates of $2.19 by ($0.13). The company had revenue of $83.08 billion for the quarter, compared to the consensus estimate of $79.69 billion. Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. Exxon Mobil’s quarterly revenue was down 4.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.83 earnings per share. On average, research analysts forecast that Exxon Mobil Co. will post 9.61 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Wednesday, May 15th will be paid a dividend of $0.95 per share. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $3.80 dividend on an annualized basis and a yield of 3.28%. Exxon Mobil’s payout ratio is currently 46.57%.

Analyst Ratings Changes

Several equities analysts recently commented on XOM shares. Scotiabank boosted their price target on Exxon Mobil from $114.00 to $129.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 11th. Royal Bank of Canada reissued a “sector perform” rating and set a $120.00 price target on shares of Exxon Mobil in a research report on Monday, February 5th. Truist Financial boosted their price target on Exxon Mobil from $140.00 to $146.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. Mizuho reissued a “neutral” rating and set a $125.00 price target on shares of Exxon Mobil in a research report on Thursday, April 4th. Finally, Barclays started coverage on Exxon Mobil in a research report on Wednesday, April 10th. They set an “overweight” rating and a $147.00 price target on the stock. Eight investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $134.06.

Insider Buying and Selling

In related news, VP Darrin L. Talley sold 2,426 shares of the company’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $119.01, for a total transaction of $288,718.26. Following the completion of the transaction, the vice president now directly owns 25,363 shares in the company, valued at approximately $3,018,450.63. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, VP Darrin L. Talley sold 2,426 shares of the stock in a transaction on 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 transaction, the vice president now owns 25,363 shares of the company’s stock, valued at $3,018,450.63. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Darrin L. Talley sold 2,400 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total value of $252,000.00. Following the completion of the transaction, 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. 0.03% of the stock is owned by company insiders.

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.