Connecticut Wealth Management LLC Acquires 279 Shares of Exxon Mobil Co. (NYSE:XOM)

Connecticut Wealth Management LLC increased its holdings in Exxon Mobil Co. (NYSE:XOM) by 2.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,208 shares of the oil and gas company’s stock after purchasing an additional 279 shares during the quarter. Connecticut Wealth Management LLC’s holdings in Exxon Mobil were worth $1,121,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Keener Financial Planning LLC acquired a new position in Exxon Mobil in the fourth quarter valued at $80,000. Orion Capital Management LLC acquired a new position in Exxon Mobil in the third quarter valued at $91,000. Authentikos Wealth Advisory LLC acquired a new position in Exxon Mobil in the third quarter valued at $92,000. TFO Wealth Partners LLC lifted its holdings 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 during the period. Finally, Sumitomo Mitsui Financial Group Inc. lifted its holdings 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 during the period. Institutional investors own 61.80% of the company’s stock.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 2,400 shares of the company’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 directly owns 30,189 shares of the company’s stock, valued at approximately $3,169,845. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, VP Darrin L. Talley sold 2,400 shares of the stock in a transaction that occurred 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 approximately $3,169,845. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Darrin L. Talley sold 2,426 shares of the stock in a transaction that occurred 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 transaction, the vice president now directly owns 25,363 shares of the company’s stock, valued at $3,018,450.63. The disclosure for this sale can be found here. 0.03% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on XOM shares. 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 report on Thursday, April 18th. Truist Financial upped their price objective on shares of Exxon Mobil from $140.00 to $146.00 and gave the company a “buy” rating in a report on Friday, April 5th. HSBC upped their price objective on shares of Exxon Mobil from $111.00 to $120.00 and gave the company a “hold” rating in a report on Tuesday, April 30th. UBS Group upped their price objective on shares of Exxon Mobil from $133.00 to $150.00 and gave the company a “buy” rating in a report on Thursday, April 11th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $120.00 price objective on shares of Exxon Mobil in a report on Monday, February 5th. Eight analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $134.06.

Exxon Mobil Stock Down 0.2 %

Shares of XOM traded down $0.24 on Friday, reaching $116.00. The company’s stock had a trading volume of 28,023,313 shares, compared to its average volume of 18,518,412. The company has a current ratio of 1.38, a quick ratio of 1.06 and a debt-to-equity ratio of 0.15. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $123.75. The stock has a market capitalization of $457.39 billion, a PE ratio of 14.22, a PEG ratio of 4.03 and a beta of 0.96. The firm has a fifty day moving average of $114.65 and a 200-day moving average of $106.89.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data 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 return on equity of 16.75% and a net margin of 9.62%. The firm had revenue of $83.08 billion during the quarter, compared to the consensus estimate of $79.69 billion. During the same period in the previous year, the company posted $2.83 earnings per share. The company’s revenue for the quarter was down 4.0% on a year-over-year basis. Equities analysts predict that Exxon Mobil Co. will post 9.61 EPS for the current year.

Exxon Mobil Announces Dividend

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

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.