Echo45 Advisors LLC Has $229,000 Holdings in Exxon Mobil Co. (NYSE:XOM)

Echo45 Advisors LLC lifted its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 8.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,287 shares of the oil and gas company’s stock after buying an additional 175 shares during the quarter. Echo45 Advisors LLC’s holdings in Exxon Mobil were worth $229,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of XOM. KB Financial Partners LLC acquired a new stake in shares of Exxon Mobil in the 1st quarter valued at approximately $27,000. IMA Wealth Inc. boosted its position in shares of Exxon Mobil by 720.0% during the second quarter. IMA Wealth Inc. now owns 369 shares of the oil and gas company’s stock worth $40,000 after purchasing an additional 324 shares in the last quarter. FWL Investment Management LLC acquired a new position in shares of Exxon Mobil in the 4th quarter valued at $43,000. Turim 21 Investimentos Ltda. raised its stake in Exxon Mobil by 222.5% during the 1st quarter. Turim 21 Investimentos Ltda. now owns 574 shares of the oil and gas company’s stock worth $47,000 after buying an additional 396 shares during the period. Finally, Studio Investment Management LLC bought a new position in shares of Exxon Mobil during the 4th quarter valued at about $49,000. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently weighed in on XOM. Wells Fargo & Company upped their price target on shares of Exxon Mobil from $126.00 to $138.00 and gave the company an “overweight” rating in a report on Thursday, April 4th. UBS Group upped their target price 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. Piper Sandler lifted their price target on Exxon Mobil from $130.00 to $145.00 and gave the company an “overweight” rating in a research note on Thursday. Mizuho reaffirmed a “neutral” rating and set a $125.00 price objective on shares of Exxon Mobil in a research report on Thursday, April 4th. Finally, Scotiabank boosted their target price on Exxon Mobil from $114.00 to $129.00 and gave the company a “sector perform” rating in a research note on Thursday, April 11th. Eight investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $132.28.

Exxon Mobil Stock Performance

NYSE XOM opened at $119.88 on Friday. The firm’s fifty day moving average price is $111.55 and its two-hundred day moving average price is $106.27. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $123.75. The firm has a market capitalization of $474.52 billion, a P/E ratio of 13.48, a price-to-earnings-growth ratio of 4.12 and a beta of 0.96. The company has a current ratio of 1.48, a quick ratio of 1.09 and a debt-to-equity ratio of 0.18.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, February 2nd. The oil and gas company reported $2.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.20 by $0.28. Exxon Mobil had a net margin of 10.45% and a return on equity of 18.51%. The company had revenue of $84.34 billion for the quarter, compared to analysts’ expectations of $90.03 billion. During the same period in the prior year, the firm earned $3.40 EPS. Exxon Mobil’s quarterly revenue was down 11.6% compared to the same quarter last year. As a group, research analysts anticipate that Exxon Mobil Co. will post 9.7 EPS for the current year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Wednesday, February 14th were issued a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.17%. The ex-dividend date was Tuesday, February 13th. Exxon Mobil’s payout ratio is presently 42.74%.

Insider Buying and Selling

In other Exxon Mobil news, VP Darrin L. Talley sold 2,400 shares of Exxon Mobil stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $105.00, for a total transaction 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 $3,169,845. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.06% of the stock is owned by 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.