Valley Brook Capital Group Inc. Acquires 401 Shares of Exxon Mobil Co. (NYSE:XOM)

Valley Brook Capital Group Inc. boosted its stake in Exxon Mobil Co. (NYSE:XOM) by 2.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,665 shares of the oil and gas company’s stock after acquiring an additional 401 shares during the period. Exxon Mobil accounts for approximately 1.2% of Valley Brook Capital Group Inc.’s holdings, making the stock its 24th biggest holding. Valley Brook Capital Group Inc.’s holdings in Exxon Mobil were worth $1,466,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Keener Financial Planning LLC bought a new stake in Exxon Mobil during the 4th quarter valued at approximately $80,000. Orion Capital Management LLC purchased a new stake in Exxon Mobil in the third quarter worth $91,000. Authentikos Wealth Advisory LLC bought a new position in Exxon Mobil in the third quarter worth $92,000. TFO Wealth Partners LLC lifted its position in Exxon Mobil by 118.5% during 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. boosted its holdings in shares of Exxon Mobil by 851.6% during the 3rd 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 in the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Stock Performance

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

Exxon Mobil (NYSE:XOM) last announced its 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 net margin of 9.62% and a return on equity of 16.75%. The business had revenue of $83.08 billion for the quarter, compared to analysts’ expectations of $79.69 billion. During the same period in the prior year, the company posted $2.83 earnings per share. The firm’s quarterly revenue was down 4.0% on a year-over-year basis. On average, equities research analysts expect that Exxon Mobil Co. will post 9.61 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently declared 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 annualized dividend and a yield of 3.28%. The ex-dividend date is Tuesday, May 14th. Exxon Mobil’s dividend payout ratio is presently 46.57%.

Insiders Place Their Bets

In other news, VP Darrin L. Talley sold 2,426 shares of Exxon Mobil stock in a transaction dated Monday, April 29th. The stock was 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 approximately $3,018,450.63. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, VP Darrin L. Talley sold 2,400 shares of the company’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total value of $252,000.00. Following the completion of the transaction, the vice president now owns 30,189 shares of the company’s stock, valued at $3,169,845. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Darrin L. Talley sold 2,426 shares of Exxon Mobil stock in a transaction that occurred on Monday, April 29th. The shares were 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 approximately $3,018,450.63. The disclosure for this sale can be found here. Company insiders own 0.03% of the company’s stock.

Analyst Upgrades and Downgrades

XOM has been the topic of several research reports. Wells Fargo & Company boosted their price objective on shares of Exxon Mobil from $138.00 to $142.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 30th. HSBC upped their price target on Exxon Mobil from $111.00 to $120.00 and gave the stock a “hold” rating in a research note on Tuesday, April 30th. Redburn Atlantic raised Exxon Mobil from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $116.00 to $119.00 in a report on Tuesday, January 9th. UBS Group raised their price target on Exxon Mobil from $133.00 to $150.00 and gave the company a “buy” rating in a report on Thursday, April 11th. Finally, Piper Sandler increased their price objective on shares of Exxon Mobil from $130.00 to $145.00 and gave the company an “overweight” rating in a research report on Thursday, April 18th. Eight investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, Exxon Mobil has an average rating of “Moderate Buy” and a consensus price target of $134.06.

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.