Kestra Advisory Services LLC grew its position in Exxon Mobil Co. (NYSE:XOM – Get Rating) by 2.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 513,917 shares of the oil and gas company’s stock after acquiring an additional 13,722 shares during the quarter. Kestra Advisory Services LLC’s holdings in Exxon Mobil were worth $56,685,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in XOM. Wealthquest Corp grew its holdings in shares of Exxon Mobil by 1.4% in the third quarter. Wealthquest Corp now owns 6,629 shares of the oil and gas company’s stock worth $578,000 after purchasing an additional 89 shares during the last quarter. Motive Wealth Advisors grew its holdings in shares of Exxon Mobil by 2.1% in the fourth quarter. Motive Wealth Advisors now owns 4,277 shares of the oil and gas company’s stock worth $472,000 after purchasing an additional 90 shares during the last quarter. Smart Money Group LLC grew its holdings in shares of Exxon Mobil by 3.8% in the fourth quarter. Smart Money Group LLC now owns 2,468 shares of the oil and gas company’s stock worth $272,000 after purchasing an additional 91 shares during the last quarter. Tarbox Family Office Inc. grew its holdings in shares of Exxon Mobil by 1.2% in the fourth quarter. Tarbox Family Office Inc. now owns 7,968 shares of the oil and gas company’s stock worth $879,000 after purchasing an additional 93 shares during the last quarter. Finally, FourThought Financial LLC grew its holdings in shares of 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 worth $2,709,000 after purchasing an additional 94 shares during the last quarter. Hedge funds and other institutional investors own 57.49% of the company’s stock.
Wall Street Analyst Weigh In
Several research analysts have issued reports on the stock. Bank of America increased their target price on shares of Exxon Mobil from $136.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, February 1st. Truist Financial increased their target price on shares of Exxon Mobil from $110.00 to $116.00 and gave the stock a “hold” rating in a report on Tuesday, April 11th. B. Riley increased their target price 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. Barclays increased their target price on shares of Exxon Mobil from $111.00 to $129.00 and gave the stock an “overweight” rating in a report on Tuesday, January 3rd. Finally, StockNews.com assumed coverage on shares of Exxon Mobil in a report on Thursday, March 16th. They set a “hold” rating on the stock. One research analyst has rated the stock with a sell rating, eight have given a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Exxon Mobil has an average rating of “Moderate Buy” and an average price target of $122.87.
Insiders Place Their Bets
Exxon Mobil Stock Performance
Shares of Exxon Mobil stock opened at $116.57 on Thursday. The firm has a market capitalization of $473.19 billion, a P/E ratio of 8.79, a PEG ratio of 0.55 and a beta of 1.08. The company has a quick ratio of 1.06, a current ratio of 1.41 and a debt-to-equity ratio of 0.20. The company has a 50 day moving average price of $111.08 and a 200 day moving average price of $109.57. Exxon Mobil Co. has a 52 week low of $79.29 and a 52 week high of $119.63.
Exxon Mobil (NYSE:XOM – Get Rating) last posted 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. Exxon Mobil had a net margin of 13.47% and a return on equity of 31.25%. The company had revenue of $95.43 billion during the quarter, compared to analyst estimates of $90.21 billion. During the same period last year, the firm posted $2.05 EPS. Exxon Mobil’s revenue for the quarter was up 12.3% compared to the same quarter last year. Sell-side analysts expect that Exxon Mobil Co. will post 9.95 EPS for the current year.
Exxon Mobil Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, March 10th. Shareholders of record on Tuesday, February 14th were given a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 3.12%. The ex-dividend date of this dividend 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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