Focus Partners Advisor Solutions LLC grew its holdings in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 16.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 125,546 shares of the oil and gas company's stock after acquiring an additional 17,327 shares during the quarter. Focus Partners Advisor Solutions LLC's holdings in Exxon Mobil were worth $13,505,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Fairway Wealth LLC acquired a new position in shares of Exxon Mobil in the fourth quarter valued at approximately $31,000. Keystone Financial Group Inc. acquired a new position in shares of Exxon Mobil in the fourth quarter valued at approximately $36,000. Compass Planning Associates Inc acquired a new position in shares of Exxon Mobil in the fourth quarter valued at approximately $47,000. Synergy Investment Management LLC acquired a new position in shares of Exxon Mobil in the fourth quarter valued at approximately $47,000. Finally, Clarity Asset Management Inc. increased its stake in shares of Exxon Mobil by 29.7% in the fourth quarter. Clarity Asset Management Inc. now owns 437 shares of the oil and gas company's stock valued at $47,000 after buying an additional 100 shares during the period. Institutional investors and hedge funds own 61.80% of the company's stock.
Analyst Ratings Changes
Several research analysts have recently issued reports on the company. Piper Sandler lowered their price objective on Exxon Mobil from $127.00 to $125.00 and set an "overweight" rating for the company in a research note on Tuesday, May 13th. Argus raised Exxon Mobil to a "strong-buy" rating in a report on Tuesday, February 4th. Bernstein Bank lifted their target price on Exxon Mobil from $138.00 to $144.00 and gave the stock an "overweight" rating in a report on Friday, January 31st. BMO Capital Markets decreased their target price on shares of Exxon Mobil from $130.00 to $123.00 and set a "market perform" rating for the company in a research report on Friday, January 31st. Finally, HSBC decreased their target price on shares of Exxon Mobil from $125.00 to $123.00 and set a "hold" rating for the company in a research report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $125.50.
Check Out Our Latest Analysis on XOM
Exxon Mobil Price Performance
Shares of XOM opened at $104.87 on Wednesday. Exxon Mobil Co. has a 12-month low of $97.80 and a 12-month high of $126.34. The business'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. The stock has a market cap of $451.95 billion, a P/E ratio of 13.38, a P/E/G ratio of 3.02 and a beta of 0.51.
Exxon Mobil (NYSE:XOM - Get Free Report) last issued its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $86.11 billion. During the same period last year, the business earned $2.06 EPS. Exxon Mobil's quarterly revenue was up .1% compared to the same quarter last year. Sell-side analysts anticipate that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.
Exxon Mobil Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Thursday, May 15th will be issued a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.78%. The ex-dividend date of this dividend is Thursday, May 15th. Exxon Mobil's dividend payout ratio is currently 52.52%.
About Exxon Mobil
(
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.
See Also
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