Allen Mooney & Barnes Investment Advisors LLC lifted its position in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 1.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 155,625 shares of the oil and gas company's stock after acquiring an additional 2,885 shares during the period. Exxon Mobil makes up approximately 2.8% of Allen Mooney & Barnes Investment Advisors LLC's portfolio, making the stock its 7th largest position. Allen Mooney & Barnes Investment Advisors LLC's holdings in Exxon Mobil were worth $16,741,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Fairway Wealth LLC bought a new stake in Exxon Mobil in the 2nd quarter worth approximately $35,000. Fairscale Capital LLC bought a new stake in Exxon Mobil in the 2nd quarter worth approximately $39,000. Hershey Financial Advisers LLC bought a new stake in Exxon Mobil in the 2nd quarter worth approximately $46,000. Peterson Financial Group Inc. bought a new stake in Exxon Mobil in the 3rd quarter worth approximately $51,000. Finally, Highline Wealth Partners LLC bought a new stake in shares of Exxon Mobil during the 3rd quarter valued at $54,000. Institutional investors own 61.80% of the company's stock.
Exxon Mobil Price Performance
XOM stock traded down $0.19 during mid-day trading on Thursday, hitting $111.32. The company had a trading volume of 10,351,484 shares, compared to its average volume of 14,547,209. The company has a market capitalization of $489.27 billion, a price-to-earnings ratio of 13.86, a P/E/G ratio of 2.70 and a beta of 0.91. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $126.34. The company has a quick ratio of 1.01, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. The company has a 50-day moving average price of $112.93 and a 200 day moving average price of $115.55.
Exxon Mobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, topping the consensus estimate of $1.91 by $0.01. The business had revenue of $90.02 billion for the quarter, compared to analysts' expectations of $93.98 billion. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The business's quarterly revenue was down .8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.27 EPS. On average, research analysts anticipate that Exxon Mobil Co. will post 7.86 earnings per share for the current year.
Exxon Mobil Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th were given a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 3.56%. This is a boost from Exxon Mobil's previous quarterly dividend of $0.95. The ex-dividend date was Thursday, November 14th. Exxon Mobil's dividend payout ratio is currently 49.32%.
Analysts Set New Price Targets
A number of equities research analysts have recently issued reports on the stock. Truist Financial boosted their price objective on shares of Exxon Mobil from $117.00 to $119.00 and gave the company a "hold" rating in a research report on Monday. TD Cowen cut their price objective on shares of Exxon Mobil from $132.00 to $128.00 and set a "buy" rating for the company in a research report on Monday, December 16th. Wells Fargo & Company boosted their price objective on shares of Exxon Mobil from $135.00 to $136.00 and gave the company an "overweight" rating in a research report on Friday, September 27th. Scotiabank raised shares of Exxon Mobil from a "sector perform" rating to a "sector outperform" rating and boosted their price objective for the company from $129.00 to $145.00 in a research report on Thursday, October 10th. Finally, Barclays cut their price objective on shares of Exxon Mobil from $142.00 to $137.00 and set an "overweight" rating for the company in a research report on Thursday, October 3rd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Exxon Mobil has a consensus rating of "Moderate Buy" and an average price target of $128.84.
Read Our Latest Stock Analysis on Exxon Mobil
About Exxon Mobil
(
Free Report)
Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.
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