Deseret Mutual Benefit Administrators Buys 284 Shares of Exxon Mobil Co. (NYSE:XOM)

Deseret Mutual Benefit Administrators raised its stake in Exxon Mobil Co. (NYSE:XOM) by 3.0% during the 4th quarter, Holdings Channel reports. The fund owned 9,641 shares of the oil and gas company’s stock after acquiring an additional 284 shares during the period. Deseret Mutual Benefit Administrators’ holdings in Exxon Mobil were worth $1,037,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the stock. Keystone Financial Group Inc. acquired a new stake in Exxon Mobil during the 4th quarter worth approximately $36,000. Retirement Wealth Solutions LLC bought a new position in Exxon Mobil during the 4th quarter worth $46,000. Compass Planning Associates Inc bought a new position in Exxon Mobil during the 4th quarter worth $47,000. Peterson Financial Group Inc. acquired a new stake in shares of Exxon Mobil during the third quarter worth $51,000. Finally, Compass Financial Services Inc bought a new stake in shares of Exxon Mobil in the fourth quarter valued at about $48,000. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Piper Sandler dropped their price objective on shares of Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating for the company in a research note on Thursday, December 19th. Morgan Stanley lifted their price target on shares of Exxon Mobil from $139.00 to $140.00 in a research report on Friday, January 31st. Wells Fargo & Company reduced their price target on Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating on the stock in a research report on Monday, February 3rd. The Goldman Sachs Group lowered their price objective on Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. Finally, Argus upgraded Exxon Mobil to a “strong-buy” rating in a research report on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $129.25.

Insider Activity at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the company’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total value of $231,000.00. Following the completion of the transaction, the vice president now directly owns 18,087 shares in the company, valued at approximately $1,989,570. This represents a 10.40 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.03% of the stock is owned by company insiders.

Exxon Mobil Stock Performance

Shares of Exxon Mobil stock opened at $111.18 on Tuesday. The company’s 50 day moving average price is $108.65 and its two-hundred day moving average price is $114.44. The firm has a market capitalization of $482.42 billion, a P/E ratio of 14.18, a P/E/G ratio of 3.02 and a beta of 0.89. Exxon Mobil Co. has a fifty-two week low of $103.05 and a fifty-two week high of $126.34. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 earnings per share for the quarter, missing the consensus estimate of $1.77 by ($0.10). Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. During the same period last year, the company posted $2.48 EPS. On average, equities analysts forecast that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th will be paid a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 3.56%. The ex-dividend date of this dividend is Wednesday, February 12th. Exxon Mobil’s dividend payout ratio is currently 50.51%.

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.