Client 1ST Advisory Group LLC Invests $3.85 Million in Exxon Mobil Co. (NYSE:XOM)

Client 1ST Advisory Group LLC purchased a new stake in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 35,789 shares of the oil and gas company's stock, valued at approximately $3,850,000. Exxon Mobil makes up approximately 1.5% of Client 1ST Advisory Group LLC's holdings, making the stock its 15th biggest holding.

Several other institutional investors and hedge funds also recently bought and sold shares of XOM. FMR LLC boosted its position in shares of Exxon Mobil by 0.3% in the third quarter. FMR LLC now owns 151,863,649 shares of the oil and gas company's stock valued at $17,801,457,000 after acquiring an additional 395,218 shares during the period. Geode Capital Management LLC increased its position in shares of Exxon Mobil by 1.8% during the 3rd quarter. Geode Capital Management LLC now owns 92,194,981 shares of the oil and gas company's stock valued at $10,777,735,000 after purchasing an additional 1,622,064 shares during the last quarter. Legal & General Group Plc raised its stake in shares of Exxon Mobil by 19.3% during the second quarter. Legal & General Group Plc now owns 32,308,002 shares of the oil and gas company's stock worth $3,719,296,000 after acquiring an additional 5,235,607 shares in the last quarter. Franklin Resources Inc. grew its holdings in shares of Exxon Mobil by 16.3% during the 3rd quarter. Franklin Resources Inc. now owns 31,522,556 shares of the oil and gas company's stock valued at $3,936,929,000 after purchasing an additional 4,415,012 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Exxon Mobil by 0.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 31,160,117 shares of the oil and gas company's stock worth $3,652,589,000 after purchasing an additional 146,374 shares during the last quarter. 61.80% of the stock is owned by institutional investors.

Analysts Set New Price Targets

XOM has been the topic of several analyst reports. Redburn Atlantic reiterated a "neutral" rating and issued a $120.00 price objective (up previously from $119.00) on shares of Exxon Mobil in a report on Tuesday, September 24th. Morgan Stanley lowered their price objective on Exxon Mobil from $142.00 to $140.00 in a research report on Thursday, October 31st. BNP Paribas cut shares of Exxon Mobil from a "neutral" rating to an "underperform" rating and set a $105.00 target price on the stock. in a report on Wednesday, October 9th. The Goldman Sachs Group increased their price target on shares of Exxon Mobil from $118.00 to $120.00 in a research report on Thursday, October 31st. Finally, Truist Financial upped their price objective on shares of Exxon Mobil from $117.00 to $119.00 and gave the company a "hold" rating in a research note on Monday, January 13th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $128.84.

Exxon Mobil Stock Down 0.8 %

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 company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $489.78 billion, a price-to-earnings ratio of 13.85, a P/E/G ratio of 3.01 and a beta of 0.91. The stock's 50 day moving average is $112.40 and its two-hundred day moving average is $115.50. Exxon Mobil Co. has a one year low of $95.77 and a one year high of $126.34.

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. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The company had revenue of $90.02 billion during the quarter, compared to analyst estimates of $93.98 billion. During the same period last year, the business earned $2.27 EPS. Exxon Mobil's quarterly revenue was down .8% compared to the same quarter last year. As a group, analysts expect that Exxon Mobil Co. will post 7.77 earnings per share for the current year.

Exxon Mobil Increases Dividend

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