Phocas Financial Corp. Buys New Shares in Exxon Mobil Co. (NYSE:XOM)

Phocas Financial Corp. bought a new stake in Exxon Mobil Co. (NYSE:XOM – Get Rating) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,698 shares of the oil and gas company’s stock, valued at approximately $187,000.

Other institutional investors have also added to or reduced their stakes in the company. Karp Capital Management Corp bought a new position in Exxon Mobil in the third quarter valued at $28,000. Clear Perspectives Financial Planning LLC increased its stake in Exxon Mobil by 259.0% in the third quarter. Clear Perspectives Financial Planning LLC now owns 377 shares of the oil and gas company’s stock valued at $33,000 after acquiring an additional 272 shares during the last quarter. Align Wealth Management LLC bought a new position in Exxon Mobil in the fourth quarter valued at $38,000. Mine & Arao Wealth Creation & Management LLC. increased its stake in Exxon Mobil by 61.7% in the third quarter. Mine & Arao Wealth Creation & Management LLC. now owns 443 shares of the oil and gas company’s stock valued at $39,000 after acquiring an additional 169 shares during the last quarter. Finally, Horizons Wealth Management bought a new position in Exxon Mobil in the second quarter valued at $41,000. Institutional investors own 57.49% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on XOM. Redburn Partners cut Exxon Mobil from a “neutral” rating to a “sell” rating in a research note on Wednesday, January 18th. Truist Financial raised their price objective on Exxon Mobil from $101.00 to $110.00 and gave the company a “hold” rating in a research note on Wednesday, February 1st. Scotiabank raised Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and raised their price objective for the company from $120.00 to $135.00 in a research note on Tuesday, January 17th. Citigroup raised their price objective on Exxon Mobil from $98.00 to $110.00 in a research note on Tuesday, November 22nd. Finally, B. Riley raised their price objective on Exxon Mobil from $128.00 to $133.00 and gave the company a “buy” rating in a research note on Thursday, February 2nd. One research analyst has rated the stock with a sell rating, seven have given a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $121.64.

Exxon Mobil Price Performance

XOM stock opened at $99.84 on Friday. The firm has a 50 day moving average price of $111.74 and a 200-day moving average price of $106.50. Exxon Mobil Co. has a 52-week low of $78.10 and a 52-week high of $119.63. The firm has a market capitalization of $406.45 billion, a price-to-earnings ratio of 7.53, a PEG ratio of 0.43 and a beta of 1.09. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.06 and a current ratio of 1.41.

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

Exxon Mobil Dividend Announcement

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

Insider Activity

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

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.