Continuum Advisory LLC Has $6.40 Million Holdings in Exxon Mobil Co. (NYSE:XOM)

Continuum Advisory LLC increased its holdings in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 4.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 59,469 shares of the oil and gas company's stock after acquiring an additional 2,638 shares during the quarter. Exxon Mobil comprises about 0.8% of Continuum Advisory LLC's investment portfolio, making the stock its 22nd largest holding. Continuum Advisory LLC's holdings in Exxon Mobil were worth $6,397,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Geode Capital Management LLC lifted its position in Exxon Mobil by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 93,299,598 shares of the oil and gas company's stock worth $10,023,875,000 after purchasing an additional 1,104,617 shares during the period. Norges Bank bought a new position in Exxon Mobil in the 4th quarter valued at about $6,936,737,000. Northern Trust Corp raised its position in shares of Exxon Mobil by 7.0% in the 4th quarter. Northern Trust Corp now owns 46,017,358 shares of the oil and gas company's stock valued at $4,950,087,000 after buying an additional 2,998,892 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Exxon Mobil by 14.4% during the 4th quarter. Bank of New York Mellon Corp now owns 43,983,110 shares of the oil and gas company's stock worth $4,731,263,000 after acquiring an additional 5,538,694 shares during the period. Finally, Franklin Resources Inc. boosted its position in shares of Exxon Mobil by 13.1% during the 4th quarter. Franklin Resources Inc. now owns 35,662,602 shares of the oil and gas company's stock worth $3,836,226,000 after acquiring an additional 4,140,046 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company's stock.

Exxon Mobil Stock Performance

Shares of Exxon Mobil stock opened at $104.87 on Wednesday. The stock has a market cap of $451.95 billion, a price-to-earnings ratio of 13.38, a P/E/G ratio of 3.02 and a beta of 0.51. Exxon Mobil Co. has a twelve month low of $97.80 and a twelve month high of $126.34. The company's fifty day moving average is $108.85 and its 200 day moving average is $110.67. 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 (NYSE:XOM - Get Free Report) last issued 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 return on equity of 12.92% and a net margin of 9.63%. The company 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 firm posted $2.06 earnings per share. The business's quarterly revenue was up .1% on a year-over-year basis. Sell-side analysts forecast that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th will be issued a dividend of $0.99 per share. The ex-dividend date is Thursday, May 15th. This represents a $3.96 annualized dividend and a yield of 3.78%. Exxon Mobil's payout ratio is 52.52%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Morgan Stanley lowered their price objective on shares of Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating for the company in a research report on Thursday, March 27th. Barclays lowered their price target on Exxon Mobil from $130.00 to $127.00 and set an "overweight" rating for the company in a report on Monday, May 5th. UBS Group decreased their target price on Exxon Mobil from $135.00 to $131.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Argus raised Exxon Mobil to a "strong-buy" rating in a research note on Tuesday, February 4th. Finally, Piper Sandler dropped their target price on shares of Exxon Mobil from $127.00 to $125.00 and set an "overweight" rating for the company in a report on Tuesday, May 13th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have given a buy rating and two have issued 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 $125.50.

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.

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