Brendel Financial Advisors LLC lessened its stake in shares of Exxon Mobil Co. (NYSE:XOM – Get Rating) by 0.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 55,495 shares of the oil and gas company’s stock after selling 505 shares during the quarter. Exxon Mobil makes up approximately 12.3% of Brendel Financial Advisors LLC’s portfolio, making the stock its biggest position. Brendel Financial Advisors LLC’s holdings in Exxon Mobil were worth $6,121,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. LS Investment Advisors LLC increased its position in Exxon Mobil by 6.0% during the 4th quarter. LS Investment Advisors LLC now owns 23,939 shares of the oil and gas company’s stock valued at $2,640,000 after purchasing an additional 1,356 shares during the period. Global Strategic Investment Solutions LLC increased its position in shares of Exxon Mobil by 41.1% during the fourth quarter. Global Strategic Investment Solutions LLC now owns 6,144 shares of the oil and gas company’s stock valued at $678,000 after buying an additional 1,791 shares during the period. Family Investment Center Inc. bought a new position in Exxon Mobil in the fourth quarter worth about $962,000. Falcon Wealth Planning purchased a new stake in Exxon Mobil in the fourth quarter worth about $218,000. Finally, Charter Oak Capital Management LLC grew its holdings in shares of Exxon Mobil by 18.4% during the 4th quarter. Charter Oak Capital Management LLC now owns 14,566 shares of the oil and gas company’s stock worth $1,607,000 after acquiring an additional 2,259 shares during the period. Hedge funds and other institutional investors own 57.49% of the company’s stock.
Analysts Set New Price Targets
A number of research analysts have recently commented on the company. Cowen raised their target price 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. Bank of America boosted their target price on shares of Exxon Mobil from $136.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, February 1st. Argus upped their target price on shares of Exxon Mobil from $128.00 to $133.00 and gave the stock a “buy” rating in a research report on Thursday, February 2nd. Wells Fargo & Company lifted their price target on shares of Exxon Mobil from $125.00 to $133.00 and gave the company an “overweight” rating in a research report on Friday, March 3rd. Finally, B. Riley upped their price objective on shares of Exxon Mobil from $128.00 to $133.00 and gave the stock a “buy” rating in a report on Thursday, February 2nd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $121.64.
Insiders Place Their Bets
Exxon Mobil Stock Up 0.2 %
Exxon Mobil stock opened at $109.66 on Friday. The firm has a market cap of $446.42 billion, a price-to-earnings ratio of 8.27, a PEG ratio of 0.47 and a beta of 1.09. The stock has a fifty day simple moving average of $110.63 and a two-hundred day simple moving average of $107.26. Exxon Mobil Co. has a 12 month low of $79.29 and a 12 month high of $119.63. The company has a current ratio of 1.41, a quick ratio of 1.06 and a debt-to-equity ratio of 0.20.
Exxon Mobil (NYSE:XOM – Get Rating) last posted its earnings results on Tuesday, January 31st. The oil and gas company reported $3.40 EPS for the quarter, topping analysts’ consensus estimates of $3.32 by $0.08. The business had revenue of $95.43 billion during the quarter, compared to analyst estimates of $90.21 billion. Exxon Mobil had a return on equity of 31.25% and a net margin of 13.47%. The company’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same quarter last year, the company earned $2.05 EPS. Equities analysts predict that Exxon Mobil Co. will post 9.95 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 3.32%. The ex-dividend date was Monday, February 13th. Exxon Mobil’s payout ratio is 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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