Foguth Wealth Management LLC. Acquires New Position in Exxon Mobil Co. (NYSE:XOM)

Foguth Wealth Management LLC. purchased a new position in shares of Exxon Mobil Co. (NYSE:XOM) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 1,858 shares of the oil and gas company’s stock, valued at approximately $216,000.

A number of other large investors also recently bought and sold shares of the stock. PFS Partners LLC raised its stake in Exxon Mobil by 0.5% during the first quarter. PFS Partners LLC now owns 18,836 shares of the oil and gas company’s stock worth $2,190,000 after purchasing an additional 89 shares during the period. Auxier Asset Management raised its stake in Exxon Mobil by 0.8% during the third quarter. Auxier Asset Management now owns 12,963 shares of the oil and gas company’s stock worth $1,524,000 after purchasing an additional 97 shares during the period. Boltwood Capital Management raised its stake in Exxon Mobil by 0.4% during the fourth quarter. Boltwood Capital Management now owns 25,445 shares of the oil and gas company’s stock worth $2,544,000 after purchasing an additional 98 shares during the period. Stolper Co raised its stake in Exxon Mobil by 0.4% during the first quarter. Stolper Co now owns 23,809 shares of the oil and gas company’s stock worth $2,768,000 after purchasing an additional 98 shares during the period. Finally, CMG Global Holdings LLC raised its stake in Exxon Mobil by 0.4% during the fourth quarter. CMG Global Holdings LLC now owns 23,939 shares of the oil and gas company’s stock worth $2,483,000 after purchasing an additional 99 shares during the period. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 2,426 shares of the firm’s stock in a transaction on Monday, April 29th. The shares were 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 of the company’s stock, valued at approximately $3,018,450.63. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.03% of the stock is owned by company insiders.

Exxon Mobil Stock Performance

Exxon Mobil stock opened at $115.12 on Monday. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $123.75. The company has a market capitalization of $453.92 billion, a price-to-earnings ratio of 14.11, a price-to-earnings-growth ratio of 4.14 and a beta of 0.92. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.38 and a quick ratio of 1.06. The firm’s fifty day moving average price is $115.25 and its 200 day moving average price is $109.72.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, April 26th. The oil and gas company reported $2.06 earnings per share for the quarter, missing the consensus estimate of $2.19 by ($0.13). The company had revenue of $83.08 billion for the quarter, compared to analyst estimates of $79.69 billion. Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. Exxon Mobil’s revenue was down 4.0% on a year-over-year basis. During the same period in the prior year, the business earned $2.83 earnings per share. On average, research analysts forecast that Exxon Mobil Co. will post 9.28 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th were issued a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 3.30%. The ex-dividend date was Tuesday, May 14th. Exxon Mobil’s dividend payout ratio is currently 46.57%.

Wall Street Analyst Weigh In

XOM has been the topic of a number of recent analyst reports. TD Cowen increased their price target on shares of Exxon Mobil from $128.00 to $135.00 and gave the stock a “buy” rating in a research note on Tuesday, April 30th. Morgan Stanley reissued an “overweight” rating and issued a $145.00 target price on shares of Exxon Mobil in a research note on Wednesday, May 15th. Piper Sandler raised 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. Wells Fargo & Company raised 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, UBS Group raised their target price on shares of Exxon Mobil from $152.00 to $154.00 and gave the company a “buy” rating in a research note on Tuesday, June 25th. Nine investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, Exxon Mobil presently has an average rating of “Moderate Buy” and an average price target of $133.82.

About Exxon Mobil

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.