Cypress Wealth Services LLC raised its position in Exxon Mobil Co. (NYSE:XOM – Get Rating) by 3.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,620 shares of the oil and gas company’s stock after purchasing an additional 383 shares during the quarter. Cypress Wealth Services LLC’s holdings in Exxon Mobil were worth $1,392,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in XOM. Karp Capital Management Corp purchased a new stake in shares of Exxon Mobil during the third quarter worth $28,000. Clear Perspectives Financial Planning LLC increased its position in shares of Exxon Mobil by 259.0% during the third quarter. Clear Perspectives Financial Planning LLC now owns 377 shares of the oil and gas company’s stock worth $33,000 after acquiring an additional 272 shares during the period. Align Wealth Management LLC purchased a new stake in shares of Exxon Mobil during the fourth quarter worth $38,000. Mine & Arao Wealth Creation & Management LLC. increased its position in shares of Exxon Mobil by 61.7% during the third quarter. Mine & Arao Wealth Creation & Management LLC. now owns 443 shares of the oil and gas company’s stock worth $39,000 after acquiring an additional 169 shares during the period. Finally, Horizons Wealth Management purchased a new stake in shares of Exxon Mobil during the second quarter worth $41,000. Hedge funds and other institutional investors own 57.49% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities analysts recently commented on XOM shares. Piper Sandler lowered their target price on shares of Exxon Mobil from $131.00 to $127.00 and set an “overweight” rating for the company in a research note on Monday, December 19th. StockNews.com started coverage on shares of Exxon Mobil in a research note on Thursday, March 16th. They set a “hold” rating for the company. Scotiabank upgraded shares of Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and boosted their target price for the stock from $120.00 to $135.00 in a research note on Tuesday, January 17th. Redburn Partners downgraded shares of Exxon Mobil from a “neutral” rating to a “sell” rating in a research note on Wednesday, January 18th. Finally, HSBC boosted their target price on shares of Exxon Mobil to $111.00 in a research note on Friday, December 2nd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat, Exxon Mobil currently has a consensus rating of “Moderate Buy” and an average price target of $121.64.
Insider Buying and Selling
Exxon Mobil Price Performance
Shares of NYSE:XOM opened at $107.12 on Wednesday. The company has a 50-day simple moving average of $110.77 and a 200-day simple moving average of $107.06. Exxon Mobil Co. has a one year low of $79.29 and a one year high of $119.63. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.06 and a current ratio of 1.41. The stock has a market capitalization of $436.08 billion, a price-to-earnings ratio of 8.08, a PEG ratio of 0.45 and a beta of 1.09.
Exxon Mobil (NYSE:XOM – Get Rating) last announced its earnings results on Tuesday, January 31st. The oil and gas company reported $3.40 EPS for the quarter, beating analysts’ consensus estimates of $3.32 by $0.08. Exxon Mobil had a net margin of 13.47% and a return on equity of 31.25%. The business had revenue of $95.43 billion during the quarter, compared to analysts’ expectations of $90.21 billion. During the same period in the prior year, the company earned $2.05 earnings per share. The business’s revenue was up 12.3% compared to the same quarter last year. On average, analysts predict that Exxon Mobil Co. will post 10.08 EPS for the current year.
Exxon Mobil Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, March 10th. Stockholders of record on Tuesday, February 14th were issued a $0.91 dividend. The ex-dividend date of this dividend was Monday, February 13th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.40%. Exxon Mobil’s payout ratio is 27.45%.
Exxon Mobil Company 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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