Livelsberger Financial Advisory Acquires New Stake in Exxon Mobil Co. (NYSE:XOM)

Livelsberger Financial Advisory acquired a new stake in Exxon Mobil Co. (NYSE:XOM) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 1,489 shares of the oil and gas company’s stock, valued at approximately $149,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Cooksen Wealth LLC acquired a new stake in shares of Exxon Mobil in the 4th quarter worth $136,000. Ariston Services Group purchased a new position in shares of Exxon Mobil during the 4th quarter worth $355,000. Warren Street Wealth Advisors LLC grew its holdings in shares of Exxon Mobil by 5.0% during the 4th quarter. Warren Street Wealth Advisors LLC now owns 3,309 shares of the oil and gas company’s stock worth $331,000 after purchasing an additional 157 shares during the period. Hart & Patterson Financial Group LLC purchased a new position in shares of Exxon Mobil during the 4th quarter worth $544,000. Finally, BlueChip Wealth Advisors LLC purchased a new position in shares of Exxon Mobil during the 4th quarter worth $368,000. 61.80% of the stock is owned by institutional investors and hedge funds.

Exxon Mobil Trading Up 1.0 %

Shares of XOM stock opened at $109.41 on Wednesday. The business’s 50 day moving average is $116.35 and its two-hundred day moving average is $108.96. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $123.75. The company has a market capitalization of $431.40 billion, a P/E ratio of 13.41, a price-to-earnings-growth ratio of 3.86 and a beta of 0.92. 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 (NYSE:XOM) last announced its earnings results 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). Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The company had revenue of $83.08 billion during the quarter, compared to analysts’ expectations of $79.69 billion. During the same quarter last year, the business posted $2.83 earnings per share. The company’s revenue for the quarter was down 4.0% compared to the same quarter last year. Equities analysts forecast that Exxon Mobil Co. will post 9.36 EPS for the current year.

Exxon Mobil Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on XOM shares. Piper Sandler increased their price target on Exxon Mobil from $130.00 to $145.00 and gave the stock an “overweight” rating in a report on Thursday, April 18th. UBS Group raised their target price on Exxon Mobil from $150.00 to $152.00 and gave the company a “buy” rating in a report on Tuesday, May 7th. Morgan Stanley restated an “overweight” rating and set a $145.00 target price on shares of Exxon Mobil in a report on Wednesday, May 15th. Truist Financial restated a “hold” rating and set a $124.00 target price (down from $146.00) on shares of Exxon Mobil in a report on Friday, June 7th. Finally, Mizuho raised their target price on Exxon Mobil from $125.00 to $128.00 and gave the company a “neutral” rating in a report on Monday, May 13th. Nine investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, Exxon Mobil currently has a consensus rating of “Moderate Buy” and an average price target of $133.71.

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,426 shares of Exxon Mobil stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $119.01, for a total value of $288,718.26. Following the sale, the vice president now directly owns 25,363 shares in the company, valued at $3,018,450.63. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 0.03% of the company’s stock.

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.