McElhenny Sheffield Capital Management LLC increased its position in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 5.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 69,274 shares of the oil and gas company's stock after purchasing an additional 3,320 shares during the quarter. Exxon Mobil accounts for approximately 2.5% of McElhenny Sheffield Capital Management LLC's investment portfolio, making the stock its 8th largest holding. McElhenny Sheffield Capital Management LLC's holdings in Exxon Mobil were worth $7,452,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently modified their holdings of XOM. Fairscale Capital LLC purchased a new position in Exxon Mobil during the second quarter valued at approximately $39,000. Hershey Financial Advisers LLC purchased a new position in Exxon Mobil during the second quarter valued at approximately $46,000. Retirement Wealth Solutions LLC purchased a new position in Exxon Mobil during the fourth quarter valued at approximately $46,000. Peterson Financial Group Inc. purchased a new position in Exxon Mobil during the third quarter valued at approximately $51,000. Finally, Highline Wealth Partners LLC purchased a new position in Exxon Mobil during the third quarter valued at approximately $54,000. Institutional investors and hedge funds own 61.80% of the company's stock.
Exxon Mobil Trading Down 0.7 %
Shares of Exxon Mobil stock traded down $0.75 during trading hours on Tuesday, hitting $111.57. The company's stock had a trading volume of 3,263,409 shares, compared to its average volume of 13,944,955. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $126.34. The firm has a fifty day moving average of $112.40 and a 200-day moving average of $115.50. The stock has a market cap of $490.35 billion, a price-to-earnings ratio of 13.89, a P/E/G ratio of 3.01 and a beta of 0.91. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.35.
Exxon Mobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 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 analyst estimates of $93.98 billion. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The company's quarterly revenue was down .8% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.27 EPS. Research analysts forecast that Exxon Mobil Co. will post 7.77 EPS for the current year.
Exxon Mobil Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Thursday, November 14th were issued a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 3.55%. 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 payout ratio is currently 49.32%.
Analyst Ratings Changes
A number of analysts have recently commented on the company. Redburn Atlantic restated a "neutral" rating and issued a $120.00 price objective (up from $119.00) on shares of Exxon Mobil in a research report on Tuesday, September 24th. TD Cowen cut their price objective on Exxon Mobil from $132.00 to $128.00 and set a "buy" rating for the company in a research report on Monday, December 16th. Mizuho cut their price objective on Exxon Mobil from $137.00 to $134.00 and set a "neutral" rating for the company in a research report on Monday, December 16th. Truist Financial boosted their price objective on Exxon Mobil from $117.00 to $119.00 and gave the company a "hold" rating in a research report on Monday, January 13th. Finally, Wells Fargo & Company boosted their price objective on Exxon Mobil from $135.00 to $136.00 and gave the company an "overweight" rating in a research report on Friday, September 27th. 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. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $128.84.
Check Out Our Latest Analysis on XOM
About Exxon Mobil
(
Free Report)
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.
Featured Stories
Before you consider Exxon Mobil, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Exxon Mobil wasn't on the list.
While Exxon Mobil currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
