Collar Capital Management LLC acquired a new position in Exxon Mobil Co. (NYSE:XOM - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 11,086 shares of the oil and gas company's stock, valued at approximately $1,193,000.
A number of other institutional investors and hedge funds have also made changes to their positions in XOM. Fairway Wealth LLC purchased a new position in Exxon Mobil in the fourth quarter worth $31,000. Keystone Financial Group Inc. purchased a new position in shares of Exxon Mobil during the 4th quarter valued at approximately $36,000. Retirement Wealth Solutions LLC acquired a new position in shares of Exxon Mobil in the fourth quarter worth about $46,000. Compass Planning Associates Inc purchased a new position in Exxon Mobil during the fourth quarter worth approximately $47,000. Finally, Synergy Investment Management LLC acquired a new stake in Exxon Mobil in the 4th quarter valued at $47,000. 61.80% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of equities analysts have commented on XOM shares. Scotiabank reduced their target price on Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating for the company in a report on Friday, April 11th. Argus upgraded shares of Exxon Mobil to a "strong-buy" rating in a report on Tuesday, February 4th. Royal Bank of Canada reduced their price objective on shares of Exxon Mobil from $115.00 to $105.00 and set a "sector perform" rating on the stock in a 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. Finally, Truist Financial increased their target price on Exxon Mobil from $117.00 to $119.00 and gave the stock a "hold" rating in a research note on Monday, January 13th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, Exxon Mobil presently has a consensus rating of "Moderate Buy" and a consensus price target of $125.85.
Check Out Our Latest Stock Report on Exxon Mobil
Exxon Mobil Stock Performance
Shares of XOM stock opened at $104.97 on Wednesday. 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 stock's 50-day moving average price is $109.14 and its 200 day moving average price is $111.44. Exxon Mobil Co. has a 52-week low of $97.80 and a 52-week high of $126.34. The stock has a market capitalization of $454.01 billion, a PE ratio of 13.39, a price-to-earnings-growth ratio of 3.02 and a beta of 0.51.
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, topping analysts' consensus estimates of $1.73 by $0.03. The business had revenue of $83.13 billion for the quarter, compared to analysts' expectations of $86.11 billion. Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. The business's revenue for the quarter was up .1% on a year-over-year basis. During the same period in the prior year, the company posted $2.06 EPS. As a group, equities research analysts forecast that Exxon Mobil Co. will post 7.43 EPS for the current year.
Exxon Mobil Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Thursday, May 15th will be paid a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 3.77%. The ex-dividend date is Thursday, May 15th. Exxon Mobil's payout ratio is 50.51%.
Exxon Mobil Profile
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Free Report)
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.
Further Reading
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