Ethic Inc. Boosts Position in Exxon Mobil Co. (NYSE:XOM)

Ethic Inc. lifted its holdings in Exxon Mobil Co. (NYSE:XOM - Free Report) by 103.6% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 50,731 shares of the oil and gas company's stock after purchasing an additional 25,815 shares during the period. Ethic Inc.'s holdings in Exxon Mobil were worth $5,457,000 at the end of the most recent reporting period.

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

Exxon Mobil Trading Up 1.6%

Shares of XOM traded up $1.73 during mid-day trading on Monday, hitting $109.04. The company had a trading volume of 14,241,318 shares, compared to its average volume of 15,581,479. The business's 50-day simple moving average is $108.97 and its 200-day simple moving average is $111.09. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. 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 $471.61 billion, a PE ratio of 13.91, a P/E/G ratio of 3.02 and a beta of 0.51.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analysts' expectations of $86.11 billion. During the same period last year, the company earned $2.06 earnings per share. The company's quarterly revenue was up .1% on a year-over-year basis. Sell-side analysts forecast that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Thursday, May 15th will be given a $0.99 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.96 annualized dividend and a dividend yield of 3.63%. Exxon Mobil's dividend payout ratio is presently 52.52%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on XOM shares. Barclays cut their price objective on shares of Exxon Mobil from $130.00 to $127.00 and set an "overweight" rating for the company in a research report on Monday, May 5th. Scotiabank cut their price objective on shares of Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating for the company in a research report on Friday, April 11th. Truist Financial upped their price objective on shares of Exxon Mobil from $117.00 to $119.00 and gave the stock a "hold" rating in a research report on Monday, January 13th. Wells Fargo & Company cut their price target on shares of Exxon Mobil from $136.00 to $135.00 and set an "overweight" rating for the company in a report on Monday, February 3rd. Finally, The Goldman Sachs Group cut their price target on shares of Exxon Mobil from $125.00 to $123.00 and set a "neutral" rating for the company in a report on Friday, January 31st. 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 issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $125.85.

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.