AllGen Financial Advisors Inc. Acquires 171 Shares of Exxon Mobil Co. (NYSE:XOM)

AllGen Financial Advisors Inc. raised its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 0.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 25,923 shares of the oil and gas company’s stock after purchasing an additional 171 shares during the period. Exxon Mobil accounts for 1.3% of AllGen Financial Advisors Inc.’s portfolio, making the stock its 20th largest position. AllGen Financial Advisors Inc.’s holdings in Exxon Mobil were worth $2,592,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. PDS Planning Inc lifted its position in Exxon Mobil by 1.6% in the 3rd quarter. PDS Planning Inc now owns 17,792 shares of the oil and gas company’s stock valued at $2,092,000 after acquiring an additional 279 shares in the last quarter. Cavalier Investments LLC bought a new position in shares of Exxon Mobil during the third quarter valued at $1,762,000. Mcdaniel Terry & Co. boosted its position in shares of Exxon Mobil by 9.4% during the third quarter. Mcdaniel Terry & Co. now owns 54,963 shares of the oil and gas company’s stock valued at $6,463,000 after buying an additional 4,700 shares during the last quarter. Armor Investment Advisors LLC raised its position in Exxon Mobil by 1.3% in the 3rd quarter. Armor Investment Advisors LLC now owns 16,543 shares of the oil and gas company’s stock worth $1,945,000 after buying an additional 207 shares during the last quarter. Finally, Carderock Capital Management Inc. raised its position in Exxon Mobil by 37.2% in the 3rd quarter. Carderock Capital Management Inc. now owns 4,363 shares of the oil and gas company’s stock worth $513,000 after buying an additional 1,183 shares during the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, VP Darrin L. Talley sold 2,426 shares of the company’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 owns 25,363 shares in the company, valued at $3,018,450.63. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, VP Darrin L. Talley sold 2,400 shares of the stock in a transaction that occurred on Thursday, February 22nd. The stock was 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 $3,169,845. The sale was disclosed in a filing with the SEC, which is available through this link. Also, 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 completion of the sale, the vice president now directly owns 25,363 shares in the company, valued at approximately $3,018,450.63. The disclosure for this sale can be found here. Company insiders own 0.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on XOM shares. Wells Fargo & Company increased their price target on Exxon Mobil from $138.00 to $142.00 and gave the company an “overweight” rating in a report on Tuesday, April 30th. Truist Financial increased their target price on Exxon Mobil from $140.00 to $146.00 and gave the company a “buy” rating in a report on Friday, April 5th. Mizuho restated a “neutral” rating and set a $125.00 price target on shares of Exxon Mobil in a research note on Thursday, April 4th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $120.00 price objective on shares of Exxon Mobil in a research note on Monday, February 5th. Finally, Scotiabank boosted their target price on shares of Exxon Mobil from $114.00 to $129.00 and gave the company a “sector perform” rating in a research report on Thursday, April 11th. Eight equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $134.06.

Exxon Mobil Price Performance

Exxon Mobil stock traded down $0.24 during mid-day trading on Friday, hitting $116.00. The stock had a trading volume of 28,023,313 shares, compared to its average volume of 18,518,412. Exxon Mobil Co. has a one year low of $95.77 and a one year high of $123.75. The company has a current ratio of 1.38, a quick ratio of 1.06 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $457.39 billion, a P/E ratio of 14.22, a P/E/G ratio of 4.03 and a beta of 0.96. The firm’s 50 day moving average is $114.65 and its 200 day moving average is $106.89.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, April 26th. The oil and gas company reported $2.06 earnings per share 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 business had revenue of $83.08 billion during the quarter, compared to the consensus estimate of $79.69 billion. During the same period last year, the company earned $2.83 EPS. The business’s revenue was down 4.0% on a year-over-year basis. On average, sell-side analysts forecast that Exxon Mobil Co. will post 9.61 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

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