Castlekeep Investment Advisors LLC Invests $118.93 Million in Exxon Mobil Co. (NYSE:XOM)

Castlekeep Investment Advisors LLC bought a new stake in Exxon Mobil Co. (NYSE:XOM - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,105,604 shares of the oil and gas company's stock, valued at approximately $118,930,000.

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

Analyst Upgrades and Downgrades

A number of brokerages recently commented on XOM. Barclays decreased their target price on shares of Exxon Mobil from $130.00 to $127.00 and set an "overweight" rating on the stock in a research report on Monday. Mizuho decreased their price target on Exxon Mobil from $131.00 to $129.00 and set a "neutral" rating on the stock in a research note on Thursday, April 3rd. Argus upgraded shares of Exxon Mobil to a "strong-buy" rating in a report on Tuesday, February 4th. Royal Bank of Canada reduced their target price on Exxon Mobil from $115.00 to $105.00 and set a "sector perform" rating on the stock in a research note on Monday. Finally, Truist Financial lifted their price target on shares of Exxon Mobil from $117.00 to $119.00 and gave the company a "hold" rating in a report on Monday, January 13th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $125.85.

Exxon Mobil Price Performance

Shares of NYSE:XOM traded up $1.70 during trading on Tuesday, reaching $104.97. The stock had a trading volume of 16,267,658 shares, compared to its average volume of 15,675,569. Exxon Mobil Co. has a 1-year low of $97.80 and a 1-year high of $126.34. The stock has a market cap of $454.01 billion, a PE ratio of 13.39, a PEG ratio of 3.02 and a beta of 0.51. The business has a fifty day moving average price of $109.14 and a 200-day moving average price of $111.44. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.73 by $0.03. Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. The business had revenue of $83.13 billion during the quarter, compared to analysts' expectations of $86.11 billion. During the same quarter in the prior year, the company posted $2.06 EPS. The business's revenue for the quarter was up .1% on a year-over-year basis. On average, equities analysts forecast that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th will be given a dividend of $0.99 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.96 annualized dividend and a dividend yield of 3.77%. Exxon Mobil's dividend payout ratio is currently 50.51%.

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.