Coulter & Justus Financial Services LLC Boosts Holdings in Exxon Mobil Co. (NYSE:XOM)

Coulter & Justus Financial Services LLC increased its position in Exxon Mobil Co. (NYSE:XOM) by 2.0% during the 4th quarter, Holdings Channel reports. The institutional investor owned 10,401 shares of the oil and gas company’s stock after purchasing an additional 200 shares during the period. Exxon Mobil makes up 0.7% of Coulter & Justus Financial Services LLC’s holdings, making the stock its 19th biggest holding. Coulter & Justus Financial Services LLC’s holdings in Exxon Mobil were worth $1,040,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in XOM. Solutions 4 Wealth Ltd bought a new stake in shares of Exxon Mobil during the 4th quarter valued at $267,000. Benjamin F. Edwards & Company Inc. boosted its holdings in shares of Exxon Mobil by 480.8% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 427,380 shares of the oil and gas company’s stock valued at $42,729,000 after buying an additional 353,796 shares in the last quarter. Smart Money Group LLC grew its position in Exxon Mobil by 6.0% during the 4th quarter. Smart Money Group LLC now owns 4,565 shares of the oil and gas company’s stock valued at $456,000 after purchasing an additional 258 shares during the last quarter. Aveo Capital Partners LLC grew its position in Exxon Mobil by 5.0% during the 4th quarter. Aveo Capital Partners LLC now owns 20,530 shares of the oil and gas company’s stock valued at $2,053,000 after purchasing an additional 984 shares during the last quarter. Finally, Intelligence Driven Advisers LLC purchased a new stake in Exxon Mobil during the 4th quarter valued at about $242,000. 61.80% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Exxon Mobil news, VP Darrin L. Talley sold 2,426 shares of the 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 completion of the sale, the vice president now directly owns 25,363 shares of the company’s stock, valued at approximately $3,018,450.63. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other Exxon Mobil news, VP Darrin L. Talley sold 2,426 shares of the 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 completion of the sale, the vice president now directly owns 25,363 shares of the company’s stock, valued at approximately $3,018,450.63. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, 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 sale, the vice president now directly owns 30,189 shares of the company’s stock, valued at $3,169,845. The disclosure for this sale can be found here. 0.03% of the stock is currently owned by insiders.

Exxon Mobil Stock Performance

Shares of NYSE:XOM traded down $0.21 during trading on Friday, hitting $116.03. The company’s stock had a trading volume of 28,021,338 shares, compared to its average volume of 18,548,303. The company has a 50-day moving average of $114.41 and a 200-day moving average of $106.92. The firm has a market cap of $457.51 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 Co. has a 12 month low of $95.77 and a 12 month high of $123.75. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.38 and a quick ratio of 1.06.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, April 26th. The oil and gas company reported $2.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.19 by ($0.13). The firm had revenue of $83.08 billion during the quarter, compared to analysts’ expectations of $79.69 billion. Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The company’s revenue was down 4.0% compared to the same quarter last year. During the same period in the prior year, the company posted $2.83 earnings per share. On average, sell-side analysts expect that Exxon Mobil Co. will post 9.6 earnings per share for the current year.

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Wednesday, May 15th will be issued a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 3.28%. The ex-dividend date of this dividend is Tuesday, May 14th. Exxon Mobil’s dividend payout ratio is 46.57%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on XOM. Truist Financial increased their price objective on shares of Exxon Mobil from $140.00 to $146.00 and gave the company a “buy” rating in a research report on Friday, April 5th. Wells Fargo & Company increased their price objective on shares of Exxon Mobil from $138.00 to $142.00 and gave the company an “overweight” rating in a research report on Tuesday. Royal Bank of Canada reissued a “sector perform” rating and set a $120.00 price objective on shares of Exxon Mobil in a research report on Monday, February 5th. Piper Sandler upped their target price on shares of Exxon Mobil from $130.00 to $145.00 and gave the company an “overweight” rating in a research note on Thursday, April 18th. Finally, Redburn Atlantic upgraded shares of Exxon Mobil from a “neutral” rating to a “buy” rating and upped their target price for the company from $116.00 to $119.00 in a research note on Tuesday, January 9th. Eight analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $134.06.

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.