Diversify Wealth Management LLC Increases Holdings in Exxon Mobil Co. (NYSE:XOM)

Diversify Wealth Management LLC increased its position in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 54.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 31,378 shares of the oil and gas company's stock after acquiring an additional 11,125 shares during the period. Diversify Wealth Management LLC's holdings in Exxon Mobil were worth $3,343,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the stock. Hershey Financial Advisers LLC bought a new stake in shares of Exxon Mobil in the second quarter worth about $46,000. Retirement Wealth Solutions LLC purchased a new position in shares of Exxon Mobil during the fourth quarter valued at approximately $46,000. Peterson Financial Group Inc. purchased a new position in shares of Exxon Mobil during the third quarter valued at approximately $51,000. Highline Wealth Partners LLC purchased a new position in shares of Exxon Mobil during the third quarter valued at approximately $54,000. Finally, Harbor Capital Advisors Inc. purchased a new position in shares of Exxon Mobil during the third quarter valued at approximately $63,000. Institutional investors own 61.80% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on XOM. Morgan Stanley lowered their target price on shares of Exxon Mobil from $142.00 to $140.00 in a report on Thursday, October 31st. Piper Sandler decreased their price objective on shares of Exxon Mobil from $138.00 to $127.00 and set an "overweight" rating for the company in a report on Thursday, December 19th. Mizuho decreased their price objective on shares of Exxon Mobil from $137.00 to $134.00 and set a "neutral" rating for the company in a report on Monday, December 16th. JPMorgan Chase & Co. decreased their price objective on shares of Exxon Mobil from $130.00 to $125.00 and set an "overweight" rating for the company in a report on Monday, December 16th. Finally, Wells Fargo & Company boosted their price objective on shares of Exxon Mobil from $135.00 to $136.00 and gave the stock an "overweight" rating in a report on Friday, September 27th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $128.84.

Exxon Mobil Price Performance

Shares of XOM traded down $0.74 during trading hours on Wednesday, reaching $110.73. 5,805,940 shares of the stock traded hands, compared to its average volume of 14,670,825. 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 $96.73 and a 52-week high of $126.34. The company's 50-day moving average price is $112.22 and its two-hundred day moving average price is $115.48. The company has a market cap of $486.69 billion, a P/E ratio of 13.81, a price-to-earnings-growth ratio of 2.98 and a beta of 0.91.

Exxon Mobil (NYSE:XOM - Get Free Report) last released 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 company 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%. Exxon Mobil's revenue for the quarter was down .8% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.27 EPS. On average, analysts anticipate 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. Shareholders of record on Thursday, November 14th were paid a $0.99 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $3.96 annualized dividend and a yield of 3.58%. This is a boost from Exxon Mobil's previous quarterly dividend of $0.95. Exxon Mobil's payout ratio is presently 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.