Capital Advantage Inc. raised its position in Exxon Mobil Co. (NYSE:XOM – Get Rating) by 3.2% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 14,330 shares of the oil and gas company’s stock after purchasing an additional 443 shares during the period. Exxon Mobil accounts for approximately 0.4% of Capital Advantage Inc.’s portfolio, making the stock its 27th biggest holding. Capital Advantage Inc.’s holdings in Exxon Mobil were worth $1,581,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wealthquest Corp lifted its holdings in Exxon Mobil by 1.4% in the 3rd quarter. Wealthquest Corp now owns 6,629 shares of the oil and gas company’s stock valued at $578,000 after purchasing an additional 89 shares in the last quarter. FourThought Financial LLC lifted its holdings in Exxon Mobil by 0.3% in the 3rd quarter. FourThought Financial LLC now owns 31,022 shares of the oil and gas company’s stock valued at $2,709,000 after purchasing an additional 94 shares in the last quarter. Wilson & Boucher Capital Management LLC lifted its holdings in Exxon Mobil by 1.8% in the 3rd quarter. Wilson & Boucher Capital Management LLC now owns 5,445 shares of the oil and gas company’s stock valued at $475,000 after purchasing an additional 95 shares in the last quarter. Blooom Inc. lifted its holdings in Exxon Mobil by 0.8% in the 3rd quarter. Blooom Inc. now owns 12,226 shares of the oil and gas company’s stock valued at $1,082,000 after purchasing an additional 97 shares in the last quarter. Finally, OneAscent Wealth Management LLC boosted its position in shares of Exxon Mobil by 1.5% during the 3rd 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. Hedge funds and other institutional investors own 57.49% of the company’s stock.
Wall Street Analyst Weigh In
XOM has been the subject of a number of analyst reports. StockNews.com initiated coverage on shares of Exxon Mobil in a report on Thursday, March 16th. They issued a “hold” rating for the company. Argus upped their price objective on shares of Exxon Mobil from $128.00 to $133.00 and gave the company a “buy” rating in a report on Thursday, February 2nd. Truist Financial upped their price objective on shares of Exxon Mobil from $101.00 to $110.00 and gave the company a “hold” rating in a report on Wednesday, February 1st. Barclays upped their price objective on shares of Exxon Mobil from $111.00 to $129.00 and gave the company an “overweight” rating in a report on Tuesday, January 3rd. Finally, Cowen upped their price objective on shares of Exxon Mobil from $108.00 to $113.00 and gave the company a “market perform” rating in a report on Thursday, February 2nd. 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 stock. Based on data from MarketBeat, Exxon Mobil presently has a consensus rating of “Moderate Buy” and an average price target of $121.64.
Insider Transactions at Exxon Mobil
Exxon Mobil Stock Up 1.7 %
Shares of XOM opened at $116.99 on Thursday. The stock has a market capitalization of $476.27 billion, a PE ratio of 8.82, a P/E/G ratio of 0.48 and a beta of 1.08. 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 quick ratio of 1.06 and a current ratio of 1.41. The company’s 50-day simple moving average is $110.80 and its 200-day simple moving average is $107.70.
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 the consensus estimate of $3.32 by $0.08. The business had revenue of $95.43 billion for the quarter, compared to analysts’ expectations of $90.21 billion. Exxon Mobil had a net margin of 13.47% and a return on equity of 31.25%. The business’s quarterly revenue was up 12.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.05 earnings per share. Analysts forecast that Exxon Mobil Co. will post 9.84 earnings per share for the current fiscal year.
Exxon Mobil Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, March 10th. Stockholders of record on Tuesday, February 14th were given a dividend of $0.91 per share. The ex-dividend date was Monday, February 13th. This represents a $3.64 annualized dividend and a dividend yield of 3.11%. 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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