Allen Capital Group LLC Purchases 1,034 Shares of Exxon Mobil Co. (NYSE:XOM)

Allen Capital Group LLC lifted its position in Exxon Mobil Co. (NYSE:XOM) by 4.9% in the 4th quarter, HoldingsChannel.com reports. The fund owned 22,115 shares of the oil and gas company’s stock after acquiring an additional 1,034 shares during the quarter. Allen Capital Group LLC’s holdings in Exxon Mobil were worth $2,211,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in XOM. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Exxon Mobil by 8.5% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,698,297 shares of the oil and gas company’s stock worth $169,796,000 after buying an additional 133,745 shares during the last quarter. West Paces Advisors Inc. boosted its holdings in shares of Exxon Mobil by 3.0% in the 4th quarter. West Paces Advisors Inc. now owns 6,288 shares of the oil and gas company’s stock worth $629,000 after buying an additional 182 shares during the last quarter. Main Street Research LLC boosted its holdings in shares of Exxon Mobil by 1,013.4% in the 4th quarter. Main Street Research LLC now owns 210,670 shares of the oil and gas company’s stock worth $21,063,000 after buying an additional 191,748 shares during the last quarter. Riverstone Advisors LLC boosted its holdings in shares of Exxon Mobil by 2.7% in the 4th quarter. Riverstone Advisors LLC now owns 31,298 shares of the oil and gas company’s stock worth $3,129,000 after buying an additional 818 shares during the last quarter. Finally, Investment Advisory Group LLC boosted its holdings in shares of Exxon Mobil by 14.9% in the 4th quarter. Investment Advisory Group LLC now owns 13,602 shares of the oil and gas company’s stock worth $1,360,000 after buying an additional 1,767 shares during the last quarter. Institutional investors own 61.80% of the company’s stock.

Insider Buying and Selling

In other Exxon Mobil 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 transaction, the vice president now directly owns 30,189 shares in the company, valued at $3,169,845. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.06% of the stock is owned by company insiders.

Exxon Mobil Trading Down 0.1 %

Shares of Exxon Mobil stock opened at $118.46 on Friday. 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 $468.90 billion, a price-to-earnings ratio of 13.33, a PEG ratio of 4.08 and a beta of 0.96. The company has a current ratio of 1.48, a quick ratio of 1.09 and a debt-to-equity ratio of 0.18. The company’s 50-day moving average price is $111.18 and its 200-day moving average price is $106.30.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, February 2nd. The oil and gas company reported $2.48 earnings per share for the quarter, topping the consensus estimate of $2.20 by $0.28. The company had revenue of $84.34 billion for the quarter, compared to analysts’ expectations of $90.03 billion. Exxon Mobil had a net margin of 10.45% and a return on equity of 18.51%. Exxon Mobil’s revenue for the quarter was down 11.6% compared to the same quarter last year. During the same period in the prior year, the business earned $3.40 earnings per share. On average, equities analysts expect that Exxon Mobil Co. will post 9.7 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Wednesday, February 14th were given a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 3.21%. The ex-dividend date of this dividend was Tuesday, February 13th. Exxon Mobil’s dividend payout ratio (DPR) is 42.74%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on XOM. Wells Fargo & Company boosted their price target on shares of Exxon Mobil from $126.00 to $138.00 and gave the stock an “overweight” rating in a report on Thursday, April 4th. Barclays assumed coverage on shares of Exxon Mobil in a report on Wednesday, April 10th. They set an “overweight” rating and a $147.00 price objective on the stock. 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. 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. Finally, Erste Group Bank reaffirmed a “hold” rating on shares of Exxon Mobil in a report on Friday, December 22nd. Nine equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $132.28.

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.