Joule Financial LLC purchased a new stake in Exxon Mobil Co. (NYSE:XOM – Get Rating) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 2,973 shares of the oil and gas company’s stock, valued at approximately $328,000.
A number of other institutional investors also recently modified their holdings of XOM. CTC Capital Management LLC bought a new stake in Exxon Mobil during the third quarter worth about $1,807,000. WMG Financial Advisors LLC raised its holdings in Exxon Mobil by 0.9% during the third quarter. WMG Financial Advisors LLC now owns 11,899 shares of the oil and gas company’s stock worth $1,039,000 after acquiring an additional 108 shares in the last quarter. Polaris Wealth Advisory Group LLC raised its holdings in Exxon Mobil by 3,880.2% during the third quarter. Polaris Wealth Advisory Group LLC now owns 205,259 shares of the oil and gas company’s stock worth $20,288,000 after acquiring an additional 200,102 shares in the last quarter. Mraz Amerine & Associates Inc. bought a new stake in Exxon Mobil during the fourth quarter worth about $246,000. Finally, Accurate Wealth Management LLC raised its holdings in Exxon Mobil by 4.7% during the fourth quarter. Accurate Wealth Management LLC now owns 63,080 shares of the oil and gas company’s stock worth $6,944,000 after acquiring an additional 2,859 shares in the last quarter. 57.49% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Several research firms recently issued reports on XOM. Scotiabank upgraded Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and upped their target price for the stock from $120.00 to $135.00 in a report on Tuesday, January 17th. Redburn Partners lowered Exxon Mobil from a “neutral” rating to a “sell” rating in a research note on Wednesday, January 18th. Cowen upped their price objective on Exxon Mobil from $108.00 to $113.00 and gave the company a “market perform” rating in a research note on Thursday, February 2nd. B. Riley upped their price objective on Exxon Mobil from $128.00 to $133.00 and gave the company a “buy” rating in a research note on Thursday, February 2nd. Finally, Barclays upped their price objective on Exxon Mobil from $111.00 to $129.00 and gave the company an “overweight” rating in a research note on Tuesday, January 3rd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Exxon Mobil has a consensus rating of “Moderate Buy” and an average price target of $121.64.
Insider Buying and Selling at Exxon Mobil
Exxon Mobil Trading Down 1.1 %
Shares of NYSE:XOM opened at $103.41 on Friday. The company has a market capitalization of $420.98 billion, a P/E ratio of 7.80, a P/E/G ratio of 0.44 and a beta of 1.09. Exxon Mobil Co. has a 1 year low of $79.29 and a 1 year high of $119.63. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.41 and a quick ratio of 1.06. The business’s 50 day simple moving average is $111.23 and its 200 day simple moving average is $106.68.
Exxon Mobil (NYSE:XOM – Get Rating) last issued its quarterly earnings results on Tuesday, January 31st. The oil and gas company reported $3.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.32 by $0.08. The business had revenue of $95.43 billion for the quarter, compared to the consensus estimate of $90.21 billion. Exxon Mobil had a return on equity of 31.25% and a net margin of 13.47%. The firm’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.05 earnings per share. On average, research analysts anticipate that Exxon Mobil Co. will post 10.08 EPS for the current fiscal year.
Exxon Mobil Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, March 10th. Shareholders of record on Tuesday, February 14th were issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.52%. The ex-dividend date was Monday, February 13th. Exxon Mobil’s dividend payout ratio is presently 27.45%.
Exxon Mobil Profile
Exxon Mobil Corp. engages in the exploration, development, and distribution of oil, gas, and petroleum products. It operates through the following segments: Upstream, Downstream and Chemical. The Upstream segment produces crude oil and natural gas. The Downstream segment manufactures and trades petroleum products.
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