Alterna Wealth Management Inc. Invests $365,000 in Exxon Mobil Co. (NYSE:XOM)

Alterna Wealth Management Inc. bought a new stake in shares of Exxon Mobil Co. (NYSE:XOM) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 3,652 shares of the oil and gas company’s stock, valued at approximately $365,000.

Several other hedge funds also recently bought and sold shares of the company. FMR LLC boosted its position in shares of Exxon Mobil by 3.0% during the third quarter. FMR LLC now owns 145,199,301 shares of the oil and gas company’s stock worth $17,072,534,000 after acquiring an additional 4,162,149 shares during the last quarter. Morgan Stanley boosted its holdings in shares of Exxon Mobil by 2.0% during the 3rd quarter. Morgan Stanley now owns 53,828,024 shares of the oil and gas company’s stock valued at $6,329,099,000 after purchasing an additional 1,066,937 shares during the last quarter. Northern Trust Corp grew its position in shares of Exxon Mobil by 1.3% during the third quarter. Northern Trust Corp now owns 43,696,758 shares of the oil and gas company’s stock valued at $5,137,865,000 after purchasing an additional 576,078 shares in the last quarter. Fisher Asset Management LLC increased its holdings in shares of Exxon Mobil by 566.2% in the fourth quarter. Fisher Asset Management LLC now owns 13,197,713 shares of the oil and gas company’s stock worth $1,319,507,000 after purchasing an additional 11,216,602 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its position in shares of Exxon Mobil by 1.2% in the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 10,882,947 shares of the oil and gas company’s stock worth $1,088,077,000 after buying an additional 132,196 shares in the last quarter. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Down 0.2 %

XOM traded down $0.24 on Friday, hitting $116.00. The company had a trading volume of 28,023,313 shares, compared to its average volume of 18,518,412. The stock has a market capitalization of $457.39 billion, a price-to-earnings ratio of 14.22, a P/E/G ratio of 4.03 and a beta of 0.96. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.06 and a current ratio of 1.38. The stock has a fifty day moving average price of $114.65 and a 200-day moving average price of $106.96. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $123.75.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, April 26th. The oil and gas company reported $2.06 earnings per share for the quarter, missing the consensus estimate of $2.19 by ($0.13). Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The firm had revenue of $83.08 billion during the quarter, compared to analyst estimates of $79.69 billion. During the same quarter last year, the business earned $2.83 earnings per share. Exxon Mobil’s revenue was down 4.0% on a year-over-year basis. Analysts predict that Exxon Mobil Co. will post 9.61 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th will be given a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 3.28%. The ex-dividend date is Tuesday, May 14th. Exxon Mobil’s dividend payout ratio is presently 46.57%.

Insider Buying and Selling at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,400 shares of the stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $105.00, for a total value of $252,000.00. Following the transaction, the vice president now owns 30,189 shares in the company, valued at approximately $3,169,845. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, VP Darrin L. Talley sold 2,426 shares of the company’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $119.01, for a total value of $288,718.26. Following the sale, the vice president now owns 25,363 shares in the company, valued at $3,018,450.63. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Darrin L. Talley sold 2,400 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total value of $252,000.00. Following the sale, the vice president now directly owns 30,189 shares in the company, valued at $3,169,845. The disclosure for this sale can be found here. 0.03% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts have weighed in on XOM shares. Mizuho restated a “neutral” rating and set a $125.00 price target on shares of Exxon Mobil in a report on Thursday, April 4th. Scotiabank boosted their price target on shares of Exxon Mobil from $114.00 to $129.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 11th. Barclays started coverage on shares of Exxon Mobil in a research note on Wednesday, April 10th. They set an “overweight” rating and a $147.00 price target on the stock. Piper Sandler lifted their price objective on shares of Exxon Mobil from $130.00 to $145.00 and gave the stock an “overweight” rating in a research note on Thursday, April 18th. Finally, Redburn Atlantic upgraded shares of Exxon Mobil from a “neutral” rating to a “buy” rating and upped their target price for the company from $116.00 to $119.00 in a research report on Tuesday, January 9th. Eight research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, Exxon Mobil presently has a consensus rating of “Moderate Buy” and an average price target of $134.06.

Exxon Mobil Company 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.