Annex Advisory Services LLC Increases Stake in Exxon Mobil Co. (NYSE:XOM)

Annex Advisory Services LLC lifted its stake in Exxon Mobil Co. (NYSE:XOM - Free Report) by 24.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 16,513 shares of the oil and gas company's stock after purchasing an additional 3,287 shares during the quarter. Annex Advisory Services LLC's holdings in Exxon Mobil were worth $1,776,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Fairscale Capital LLC purchased a new position in shares of Exxon Mobil in the second quarter worth about $39,000. Hershey Financial Advisers LLC purchased a new position in shares of Exxon Mobil in the 2nd quarter valued at about $46,000. Retirement Wealth Solutions LLC acquired a new position in shares of Exxon Mobil during the 4th quarter worth approximately $46,000. Peterson Financial Group Inc. purchased a new position in Exxon Mobil during the third quarter valued at $51,000. Finally, Highline Wealth Partners LLC acquired a new stake in Exxon Mobil in the 3rd quarter worth about $54,000. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

XOM has been the topic of a number of research reports. Redburn Atlantic reissued a "neutral" rating and issued a $120.00 target price (up from $119.00) on shares of Exxon Mobil in a research note on Tuesday, September 24th. BMO Capital Markets lifted their price target on Exxon Mobil from $127.00 to $130.00 and gave the stock a "market perform" rating in a report on Friday, October 4th. Bank of America started coverage on shares of Exxon Mobil in a research report on Thursday, October 17th. They set a "neutral" rating and a $124.00 price target on the stock. 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. Finally, TD Cowen decreased their target price on shares of Exxon Mobil from $132.00 to $128.00 and set a "buy" rating on the stock in a report on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Exxon Mobil currently has a consensus rating of "Moderate Buy" and a consensus price target of $128.84.

Exxon Mobil Trading Down 0.8 %

Shares of NYSE XOM traded down $0.88 during trading on Tuesday, reaching $111.44. The stock had a trading volume of 3,847,296 shares, compared to its average volume of 13,990,660. The business's 50-day moving average price is $112.40 and its 200-day moving average price is $115.50. Exxon Mobil Co. has a fifty-two week low of $95.77 and a fifty-two week high of $126.34. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.35. The company has a market cap of $489.78 billion, a P/E ratio of 13.85, a PEG ratio of 3.01 and a beta of 0.91.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (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% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.27 earnings per share. On average, equities research analysts predict that Exxon Mobil Co. will post 7.77 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th were paid a $0.99 dividend. This is an increase from Exxon Mobil's previous quarterly dividend of $0.95. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $3.96 annualized dividend and a dividend yield of 3.55%. Exxon Mobil's payout ratio is 49.32%.

About Exxon Mobil

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.