Fairman Group LLC Purchases Shares of 2,104 Exxon Mobil Co. (NYSE:XOM)

Fairman Group LLC acquired a new position in Exxon Mobil Co. (NYSE:XOM) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,104 shares of the oil and gas company’s stock, valued at approximately $210,000.

A number of other large investors also recently modified their holdings of the stock. Partnership Wealth Management LLC bought a new position in Exxon Mobil during the 4th quarter valued at $46,000. Vima LLC purchased a new stake in shares of Exxon Mobil in the fourth quarter valued at about $50,000. Orion Capital Management LLC bought a new position in shares of Exxon Mobil during the third quarter valued at about $91,000. Keener Financial Planning LLC bought a new stake in Exxon Mobil in the 4th quarter worth about $80,000. Finally, Neo Ivy Capital Management purchased a new stake in Exxon Mobil in the 4th quarter valued at about $80,000. Institutional investors own 61.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on XOM. UBS Group boosted their target price on Exxon Mobil from $150.00 to $152.00 and gave the stock a “buy” rating in a research note on Tuesday, May 7th. TD Cowen boosted their price objective on Exxon Mobil from $128.00 to $135.00 and gave the stock a “buy” rating in a research report on Tuesday, April 30th. HSBC raised their target price on Exxon Mobil from $111.00 to $120.00 and gave the company a “hold” rating in a research report on Tuesday, April 30th. Wells Fargo & Company boosted their price target on shares of Exxon Mobil from $138.00 to $142.00 and gave the stock an “overweight” rating in a report on Tuesday, April 30th. Finally, Piper Sandler raised their price objective on shares of Exxon Mobil from $130.00 to $145.00 and gave the stock an “overweight” rating in a report on Thursday, April 18th. Nine research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $133.71.

Exxon Mobil Stock Up 1.0 %

XOM opened at $109.41 on Wednesday. The company has a 50 day moving average of $116.35 and a 200 day moving average of $108.96. 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 12 month low of $95.77 and a 12 month high of $123.75. The company has a market cap of $431.40 billion, a PE ratio of 13.41, a price-to-earnings-growth ratio of 3.86 and a beta of 0.92.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results 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). Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The company 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 business earned $2.83 earnings per share. Exxon Mobil’s revenue was down 4.0% on a year-over-year basis. On average, sell-side analysts expect that Exxon Mobil Co. will post 9.36 EPS for the current year.

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th were given a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a dividend yield of 3.47%. The ex-dividend date of this dividend was Tuesday, May 14th. Exxon Mobil’s dividend payout ratio is presently 46.57%.

Insider Transactions at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,426 shares of the company’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 transaction of $288,718.26. Following the sale, 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.03% of the company’s stock.

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.