Acorn Financial Advisory Services Inc. ADV lowered its stake in Exxon Mobil Co. (NYSE:XOM – Get Rating) by 6.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 19,289 shares of the oil and gas company’s stock after selling 1,258 shares during the period. Exxon Mobil makes up 0.5% of Acorn Financial Advisory Services Inc. ADV’s holdings, making the stock its 24th biggest holding. Acorn Financial Advisory Services Inc. ADV’s holdings in Exxon Mobil were worth $2,128,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently modified their holdings of XOM. Wealthquest Corp grew its position in Exxon Mobil by 1.4% in the third quarter. Wealthquest Corp now owns 6,629 shares of the oil and gas company’s stock valued at $578,000 after acquiring an additional 89 shares during the last quarter. FourThought Financial LLC grew its position in Exxon Mobil by 0.3% in the third quarter. FourThought Financial LLC now owns 31,022 shares of the oil and gas company’s stock valued at $2,709,000 after acquiring an additional 94 shares during the last quarter. Wilson & Boucher Capital Management LLC grew its position in Exxon Mobil by 1.8% in the third quarter. Wilson & Boucher Capital Management LLC now owns 5,445 shares of the oil and gas company’s stock valued at $475,000 after acquiring an additional 95 shares during the last quarter. Blooom Inc. grew its position in Exxon Mobil by 0.8% in the third quarter. Blooom Inc. now owns 12,226 shares of the oil and gas company’s stock valued at $1,082,000 after acquiring an additional 97 shares during the last quarter. Finally, OneAscent Wealth Management LLC grew its position in Exxon Mobil by 1.5% in the third quarter. OneAscent Wealth Management LLC now owns 6,749 shares of the oil and gas company’s stock valued at $589,000 after acquiring an additional 97 shares during the last quarter. Institutional investors own 57.49% of the company’s stock.
Wall Street Analysts Forecast Growth
XOM has been the topic of a number of recent analyst reports. B. Riley lifted their target price on Exxon Mobil from $128.00 to $133.00 and gave the company a “buy” rating in a research report on Thursday, February 2nd. Wells Fargo & Company boosted their price target on Exxon Mobil from $125.00 to $133.00 and gave the stock an “overweight” rating in a report on Friday, March 3rd. Truist Financial boosted their price target on Exxon Mobil from $101.00 to $110.00 and gave the stock a “hold” rating in a report on Wednesday, February 1st. Barclays boosted their price target on Exxon Mobil from $111.00 to $129.00 and gave the stock an “overweight” rating in a report on Tuesday, January 3rd. Finally, Mizuho boosted their price target on Exxon Mobil from $140.00 to $147.00 in a report on Friday, March 10th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $121.64.
Insider Buying and Selling at Exxon Mobil
Exxon Mobil Price Performance
Shares of XOM opened at $109.66 on Friday. Exxon Mobil Co. has a 52-week low of $79.29 and a 52-week 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 business’s 50 day moving average price is $110.63 and its two-hundred day moving average price is $107.26. The firm has a market cap of $446.42 billion, a PE ratio of 8.27, a price-to-earnings-growth ratio of 0.47 and a beta of 1.09.
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, beating the consensus estimate of $3.32 by $0.08. Exxon Mobil had a return on equity of 31.25% and a net margin of 13.47%. The firm had revenue of $95.43 billion for the quarter, compared to analyst estimates of $90.21 billion. During the same period in the previous year, the firm earned $2.05 earnings per share. The company’s revenue was up 12.3% compared to the same quarter last year. On average, equities analysts anticipate that Exxon Mobil Co. will post 9.95 EPS for the current year.
Exxon Mobil Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, March 10th. Shareholders of record on Tuesday, February 14th were paid a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 3.32%. The ex-dividend date was Monday, February 13th. Exxon Mobil’s dividend payout ratio (DPR) is presently 27.45%.
About Exxon Mobil
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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