Carderock Capital Management Inc. Purchases 10,170 Shares of Exxon Mobil Co. (NYSE:XOM)

Carderock Capital Management Inc. lifted its position in Exxon Mobil Co. (NYSE:XOM - Free Report) by 293.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 13,633 shares of the oil and gas company's stock after buying an additional 10,170 shares during the quarter. Carderock Capital Management Inc.'s holdings in Exxon Mobil were worth $1,467,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in XOM. Fairscale Capital LLC acquired a new position in shares of Exxon Mobil during the 2nd quarter worth $39,000. Hershey Financial Advisers LLC acquired a new position in Exxon Mobil during the second quarter worth $46,000. Peterson Financial Group Inc. bought a new position in Exxon Mobil during the third quarter valued at about $51,000. Highline Wealth Partners LLC acquired a new stake in shares of Exxon Mobil in the third quarter worth about $54,000. Finally, Harbor Capital Advisors Inc. bought a new stake in shares of Exxon Mobil during the 3rd quarter worth about $63,000. Institutional investors own 61.80% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on XOM shares. The Goldman Sachs Group boosted their target price on Exxon Mobil from $118.00 to $120.00 in a report on Thursday, October 31st. JPMorgan Chase & Co. reduced their price objective on shares of Exxon Mobil from $130.00 to $125.00 and set an "overweight" rating for the company in a research note on Monday, December 16th. Piper Sandler lowered their target price on shares of Exxon Mobil from $138.00 to $127.00 and set an "overweight" rating on the stock in a research note on Thursday, December 19th. BNP Paribas lowered shares of Exxon Mobil from a "neutral" rating to an "underperform" rating and set a $105.00 target price for the company. in a research report on Wednesday, October 9th. Finally, Barclays lowered their price target on Exxon Mobil from $142.00 to $137.00 and set an "overweight" rating on the stock in a research report on Thursday, October 3rd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $128.84.

Exxon Mobil Stock Performance

XOM traded up $1.05 during trading on Friday, reaching $112.37. 19,228,798 shares of the company's stock were exchanged, compared to its average volume of 13,346,318. The company has a market capitalization of $493.89 billion, a P/E ratio of 13.99, a PEG ratio of 2.70 and a beta of 0.91. 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 business has a 50 day moving average price of $112.56 and a 200 day moving average price of $115.51. Exxon Mobil Co. has a fifty-two week low of $95.77 and a fifty-two week high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, beating analysts' consensus estimates 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 firm's revenue for the quarter was down .8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.27 earnings per share. As a group, analysts predict that Exxon Mobil Co. will post 7.86 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Investors 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 3.52%. The ex-dividend date was Thursday, November 14th. This is an increase from Exxon Mobil's previous quarterly dividend of $0.95. Exxon Mobil's dividend payout ratio (DPR) 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.