Mindset Wealth Management LLC Has $1.16 Million Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Mindset Wealth Management LLC raised its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 213.1% in the 4th quarter, HoldingsChannel reports. The firm owned 10,741 shares of the oil and gas company’s stock after buying an additional 7,311 shares during the period. Exxon Mobil makes up approximately 0.4% of Mindset Wealth Management LLC’s holdings, making the stock its 17th largest holding. Mindset Wealth Management LLC’s holdings in Exxon Mobil were worth $1,155,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Fairway Wealth LLC acquired a new stake in Exxon Mobil during the 4th quarter valued at $31,000. Keystone Financial Group Inc. bought a new position in Exxon Mobil during the 4th quarter worth $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. Finally, Synergy Investment Management LLC bought a new position in Exxon Mobil during the 4th quarter worth $47,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the 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 sale, the vice president now directly owns 18,087 shares in the company, valued at $1,989,570. This represents a 10.40 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.03% of the company’s stock.

Exxon Mobil Trading Up 0.4 %

Shares of Exxon Mobil stock opened at $115.84 on Friday. The stock has a market capitalization of $502.63 billion, a P/E ratio of 14.78, a P/E/G ratio of 3.02 and a beta of 0.83. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. The stock’s 50-day simple moving average is $109.92 and its 200 day simple moving average is $113.60. Exxon Mobil Co. has a 52-week low of $103.67 and a 52-week high of $126.34.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 EPS for the quarter, missing analysts’ consensus estimates 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 quarter in the previous year, the firm earned $2.48 EPS. As a group, research analysts anticipate that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th were paid a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.42%. The ex-dividend date of this dividend was Wednesday, February 12th. Exxon Mobil’s dividend payout ratio is presently 50.51%.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Piper Sandler lowered their price objective on Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating on the stock in a research report on Thursday, December 19th. Morgan Stanley lifted their price target on Exxon Mobil from $139.00 to $140.00 in a research note on Friday, January 31st. Barclays cut their price target on Exxon Mobil from $137.00 to $135.00 and set an “overweight” rating on the stock in a research note on Tuesday. The Goldman Sachs Group cut their price target 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, Mizuho cut their price objective on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating on the stock in a research note on Monday, December 16th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Exxon Mobil presently has a consensus rating of “Moderate Buy” and an average target price of $129.15.

Exxon Mobil 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.