Arkadios Wealth Advisors Grows Stake in Exxon Mobil Co. (NYSE:XOM)

Arkadios Wealth Advisors lifted its holdings in Exxon Mobil Co. (NYSE:XOM - Free Report) by 4.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 101,943 shares of the oil and gas company's stock after purchasing an additional 3,983 shares during the quarter. Exxon Mobil accounts for approximately 0.6% of Arkadios Wealth Advisors' investment portfolio, making the stock its 26th largest position. Arkadios Wealth Advisors' holdings in Exxon Mobil were worth $10,966,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of XOM. Fairscale Capital LLC bought a new stake in shares of Exxon Mobil in the 2nd quarter valued at approximately $39,000. Hershey Financial Advisers LLC purchased a new stake in Exxon Mobil during the 2nd quarter valued at $46,000. Retirement Wealth Solutions LLC bought a new stake in Exxon Mobil in the fourth quarter worth $46,000. Peterson Financial Group Inc. purchased a new position in Exxon Mobil during the third quarter worth $51,000. Finally, Highline Wealth Partners LLC bought a new position in Exxon Mobil during the third quarter valued at $54,000. Institutional investors own 61.80% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Royal Bank of Canada restated a "sector perform" rating and issued a $115.00 target price on shares of Exxon Mobil in a report on Thursday, December 12th. Bank of America started coverage on Exxon Mobil in a research report on Thursday, October 17th. They set a "neutral" rating and a $124.00 target price for the company. Barclays reduced their price target on Exxon Mobil from $142.00 to $137.00 and set an "overweight" rating on the stock in a report on Thursday, October 3rd. Truist Financial boosted their price objective on Exxon Mobil from $117.00 to $119.00 and gave the company a "hold" rating in a report on Monday, January 13th. Finally, Morgan Stanley reduced their target price on Exxon Mobil from $142.00 to $140.00 in a research note on Thursday, October 31st. One analyst has rated the stock with a sell rating, seven have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $128.84.

Exxon Mobil Stock Up 0.9 %

Shares of XOM traded up $1.05 during mid-day trading on Monday, hitting $112.37. The company's stock had a trading volume of 19,228,798 shares, compared to its average volume of 13,346,318. The firm has a market capitalization of $493.89 billion, a price-to-earnings ratio of 13.99, a PEG ratio of 2.70 and a beta of 0.91. The company's 50-day moving average is $112.56 and its 200-day moving average is $115.51. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. Exxon Mobil Co. has a 52-week low of $95.77 and a 52-week high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, beating 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 return on equity of 14.73% and a net margin of 9.61%. The business's revenue for the quarter was down .8% on a year-over-year basis. During the same quarter last year, the firm earned $2.27 EPS. On average, equities research analysts forecast that Exxon Mobil Co. will post 7.86 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th were paid a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.52%. The ex-dividend date was Thursday, November 14th. This is a positive change from Exxon Mobil's previous quarterly dividend of $0.95. Exxon Mobil's payout ratio is 49.32%.

Exxon Mobil Company Profile

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.