OneAscent Wealth Management LLC Acquires 904 Shares of Exxon Mobil Co. (NYSE:XOM)

OneAscent Wealth Management LLC lifted its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 16.0% during the fourth quarter, HoldingsChannel reports. The firm owned 6,540 shares of the oil and gas company’s stock after purchasing an additional 904 shares during the quarter. OneAscent Wealth Management LLC’s holdings in Exxon Mobil were worth $703,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Fairway Wealth LLC bought a new stake in shares of Exxon Mobil in the 4th quarter worth approximately $31,000. Keystone Financial Group Inc. bought a new stake in shares of Exxon Mobil in the fourth quarter valued at $36,000. Retirement Wealth Solutions LLC purchased a new position in shares of Exxon Mobil during the 4th quarter valued at $46,000. Compass Planning Associates Inc bought a new position in shares of Exxon Mobil during the 4th quarter worth $47,000. Finally, Synergy Investment Management LLC purchased a new stake in Exxon Mobil in the 4th quarter worth about $47,000. 61.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

XOM has been the topic of several research reports. Piper Sandler lowered their price target on shares of Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating on the stock in a research report on Thursday, December 19th. BMO Capital Markets dropped their target price on Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating on the stock in a research report on Friday, January 31st. The Goldman Sachs Group decreased 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. Argus upgraded Exxon Mobil to a “strong-buy” rating in a research note on Tuesday, February 4th. Finally, TD Cowen decreased their price target on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating on the stock in a research report on Monday, December 16th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $129.05.

Insider Transactions at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,100 shares of the stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total transaction of $231,000.00. Following the completion of 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 sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.03% of the company’s stock.

Exxon Mobil Trading Down 0.2 %

Shares of XOM stock opened at $117.66 on Friday. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. The firm has a market cap of $510.53 billion, a P/E ratio of 15.01, a price-to-earnings-growth ratio of 3.02 and a beta of 0.83. The business has a 50-day moving average price of $110.73 and a two-hundred day moving average price of $113.69. Exxon Mobil Co. has a 12-month low of $103.67 and a 12-month high of $126.34.

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

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th were given a dividend of $0.99 per share. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $3.96 annualized dividend and a yield of 3.37%. Exxon Mobil’s payout ratio is 50.51%.

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.