Brookstone Capital Management Grows Position in Exxon Mobil Co. (NYSE:XOM)

Brookstone Capital Management boosted its stake in shares of Exxon Mobil Co. (NYSE:XOM – Get Rating) by 10.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 240,530 shares of the oil and gas company’s stock after purchasing an additional 23,013 shares during the period. Brookstone Capital Management’s holdings in Exxon Mobil were worth $26,586,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of XOM. Nexus Investment Management ULC lifted its stake in Exxon Mobil by 14.7% during the 4th quarter. Nexus Investment Management ULC now owns 11,855 shares of the oil and gas company’s stock valued at $1,308,000 after acquiring an additional 1,523 shares during the period. CGN Advisors LLC lifted its stake in Exxon Mobil by 8.0% during the 4th quarter. CGN Advisors LLC now owns 5,356 shares of the oil and gas company’s stock valued at $591,000 after acquiring an additional 398 shares during the period. New England Research & Management Inc. lifted its stake in shares of Exxon Mobil by 10.1% in the 4th quarter. New England Research & Management Inc. now owns 21,830 shares of the oil and gas company’s stock valued at $2,408,000 after purchasing an additional 2,005 shares during the period. Addison Capital Co lifted its stake in shares of Exxon Mobil by 3.7% in the 4th quarter. Addison Capital Co now owns 5,703 shares of the oil and gas company’s stock valued at $629,000 after purchasing an additional 203 shares during the period. Finally, Summit Financial Group Inc. lifted its stake in shares of Exxon Mobil by 0.8% in the 4th quarter. Summit Financial Group Inc. now owns 48,340 shares of the oil and gas company’s stock valued at $5,332,000 after purchasing an additional 375 shares during the period. Hedge funds and other institutional investors own 57.49% of the company’s stock.

Analysts Set New Price Targets

XOM has been the subject of a number of research analyst reports. Piper Sandler reduced their price objective on shares of Exxon Mobil from $131.00 to $127.00 and set an “overweight” rating for the company in a research report on Monday, December 19th. B. Riley upped their price objective on shares of Exxon Mobil from $128.00 to $133.00 and gave the stock a “buy” rating in a research report on Thursday, February 2nd. StockNews.com assumed coverage on shares of Exxon Mobil in a research report on Thursday. They set a “hold” rating for the company. Redburn Partners lowered shares of Exxon Mobil from a “neutral” rating to a “sell” rating in a report on Wednesday, January 18th. Finally, Scotiabank raised shares of Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and upped their target price for the stock from $120.00 to $135.00 in a report on Tuesday, January 17th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $121.64.

Insider Activity at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,500 shares of the stock in a transaction that occurred on Wednesday, February 1st. The shares were sold at an average price of $115.50, for a total value of $288,750.00. Following the transaction, the vice president now directly owns 31,772 shares in the company, valued at $3,669,666. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.04% of the stock is owned by corporate insiders.

Exxon Mobil Stock Down 1.2 %

Shares of XOM opened at $99.84 on Friday. The stock has a market capitalization of $406.45 billion, a PE ratio of 7.53, a P/E/G ratio of 0.46 and a beta of 1.09. Exxon Mobil Co. has a 1 year low of $78.10 and a 1 year high of $119.63. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.06 and a current ratio of 1.41. The company’s 50-day simple moving average is $111.74 and its 200-day simple moving average is $106.43.

Exxon Mobil (NYSE:XOM – Get Rating) last issued its earnings results on Tuesday, January 31st. The oil and gas company reported $3.40 earnings per share for the quarter, beating the consensus estimate of $3.32 by $0.08. The firm had revenue of $95.43 billion for the quarter, compared to analysts’ expectations of $90.21 billion. Exxon Mobil had a net margin of 13.47% and a return on equity of 31.25%. The firm’s revenue was up 12.3% compared to the same quarter last year. During the same quarter last year, the company earned $2.05 earnings per share. Analysts forecast that Exxon Mobil Co. will post 10.08 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 10th. Investors of record on Tuesday, February 14th were issued a $0.91 dividend. The ex-dividend date of this dividend was Monday, February 13th. This represents a $3.64 annualized dividend and a yield of 3.65%. Exxon Mobil’s dividend payout ratio (DPR) is 27.45%.

Exxon Mobil Company Profile

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Exxon Mobil Corp. engages in the exploration, development, and distribution of oil, gas, and petroleum products. It operates through the following segments: Upstream, Downstream and Chemical. The Upstream segment produces crude oil and natural gas. The Downstream segment manufactures and trades petroleum products.