Tarbox Family Office Inc. Grows Holdings in Exxon Mobil Co. (NYSE:XOM)

Tarbox Family Office Inc. increased its position in shares of Exxon Mobil Co. (NYSE:XOM) by 4.1% during the 1st quarter, Holdings Channel reports. The firm owned 7,060 shares of the oil and gas company’s stock after purchasing an additional 276 shares during the quarter. Tarbox Family Office Inc.’s holdings in Exxon Mobil were worth $821,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Partnership Wealth Management LLC purchased a new position in Exxon Mobil during the fourth quarter worth about $46,000. Vima LLC purchased a new position in Exxon Mobil in the fourth quarter valued at about $50,000. Orion Capital Management LLC purchased a new position in Exxon Mobil in the third quarter valued at about $91,000. Keener Financial Planning LLC purchased a new position in Exxon Mobil in the fourth quarter valued at about $80,000. Finally, Neo Ivy Capital Management purchased a new position in Exxon Mobil in the fourth quarter valued at about $80,000. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 2,426 shares of the business’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 transaction, the vice president now owns 25,363 shares of the company’s stock, valued at approximately $3,018,450.63. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.03% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on XOM shares. TD Cowen boosted their target price on shares of Exxon Mobil from $128.00 to $135.00 and gave the company a “buy” rating in a research note on Tuesday, April 30th. Piper Sandler boosted their target price 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. Morgan Stanley reiterated an “overweight” rating and issued a $145.00 target price on shares of Exxon Mobil in a research note on Wednesday, May 15th. Wells Fargo & Company boosted their target price on shares of Exxon Mobil from $138.00 to $142.00 and gave the company an “overweight” rating in a research note on Tuesday, April 30th. Finally, Scotiabank boosted their price target 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. Nine research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $133.82.

Exxon Mobil Stock Performance

Exxon Mobil stock opened at $115.11 on Friday. The firm’s 50 day simple moving average is $115.25 and its 200 day simple moving average is $109.57. The company has a current ratio of 1.38, a quick ratio of 1.06 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $453.88 billion, a PE ratio of 14.11, a price-to-earnings-growth ratio of 4.11 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.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, April 26th. The oil and gas company reported $2.06 earnings per share 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 for the quarter, compared to the consensus estimate of $79.69 billion. During the same period last year, the company posted $2.83 EPS. The business’s revenue was down 4.0% on a year-over-year basis. As a group, analysts expect that Exxon Mobil Co. will post 9.28 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th were paid a $0.95 dividend. The ex-dividend date was Tuesday, May 14th. This represents a $3.80 dividend on an annualized basis and a yield of 3.30%. Exxon Mobil’s dividend payout ratio is presently 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.