Buckley Wealth Management LLC Raises Position in Exxon Mobil Co. (NYSE:XOM)

Buckley Wealth Management LLC lifted its position in Exxon Mobil Co. (NYSE:XOM) by 4.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 110,156 shares of the oil and gas company’s stock after purchasing an additional 5,180 shares during the quarter. Exxon Mobil comprises about 3.6% of Buckley Wealth Management LLC’s investment portfolio, making the stock its 8th biggest position. Buckley Wealth Management LLC’s holdings in Exxon Mobil were worth $11,849,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the stock. Ironwood Investment Counsel LLC increased its stake in Exxon Mobil by 0.5% during the fourth quarter. Ironwood Investment Counsel LLC now owns 32,857 shares of the oil and gas company’s stock worth $3,534,000 after acquiring an additional 164 shares during the last quarter. Hughes Financial Services LLC bought a new stake in Exxon Mobil during the fourth quarter worth approximately $451,000. Midwest Professional Planners LTD. increased its stake in Exxon Mobil by 2.4% during the fourth quarter. Midwest Professional Planners LTD. now owns 13,058 shares of the oil and gas company’s stock worth $1,405,000 after acquiring an additional 311 shares during the last quarter. Analyst IMS Investment Management Services Ltd. increased its stake in Exxon Mobil by 16.9% during the fourth quarter. Analyst IMS Investment Management Services Ltd. now owns 8,243 shares of the oil and gas company’s stock worth $887,000 after acquiring an additional 1,193 shares during the last quarter. Finally, Wellington Shields Capital Management LLC increased its stake in Exxon Mobil by 103.0% during the fourth quarter. Wellington Shields Capital Management LLC now owns 269,749 shares of the oil and gas company’s stock worth $29,017,000 after acquiring an additional 136,879 shares during the last quarter. 61.80% of the stock is owned by institutional investors.

Exxon Mobil Stock Performance

Shares of XOM stock opened at $111.98 on Friday. The business’s fifty day simple moving average is $109.34 and its 200-day simple moving average is $113.68. The company has a market cap of $485.90 billion, a PE ratio of 14.28, a PEG ratio of 3.02 and a beta of 0.83. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. Exxon Mobil Co. has a 12-month low of $103.67 and a 12-month high of $126.34.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (EPS) 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 last year, the company earned $2.48 EPS. Analysts expect that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Wednesday, February 12th were given a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 3.54%. The ex-dividend date of this dividend was Wednesday, February 12th. Exxon Mobil’s payout ratio is 50.51%.

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,100 shares of the company’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total value of $231,000.00. Following the transaction, the vice president now directly owns 18,087 shares of the company’s stock, valued at $1,989,570. This represents a 10.40 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.03% of the stock is owned by insiders.

Analysts Set New Price Targets

XOM has been the topic of several analyst reports. UBS Group reduced their price objective on Exxon Mobil from $149.00 to $147.00 and set a “buy” rating on the stock in a research note on Thursday, December 12th. The Goldman Sachs Group dropped their target price on Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. Piper Sandler dropped their target price on Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating for the company in a research report on Thursday, December 19th. Mizuho dropped their target price on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating for the company in a research report on Monday, December 16th. Finally, JPMorgan Chase & Co. lowered their price target on Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating for the company in a report on Monday, December 16th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Exxon Mobil currently has an average rating of “Moderate Buy” and a consensus target price of $129.25.

About Exxon Mobil

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.