Premier Path Wealth Partners LLC lifted its stake in Exxon Mobil Co. (NYSE:XOM - Free Report) by 46.6% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 36,822 shares of the oil and gas company's stock after buying an additional 11,704 shares during the quarter. Premier Path Wealth Partners LLC's holdings in Exxon Mobil were worth $3,961,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Eagle Capital Management LLC raised its holdings in Exxon Mobil by 4.9% during the 2nd quarter. Eagle Capital Management LLC now owns 2,460 shares of the oil and gas company's stock valued at $283,000 after buying an additional 114 shares during the period. XTX Topco Ltd purchased a new position in shares of Exxon Mobil during the second quarter valued at approximately $860,000. Legacy Financial Advisors Inc. raised its holdings in shares of Exxon Mobil by 8.9% in the second quarter. Legacy Financial Advisors Inc. now owns 28,612 shares of the oil and gas company's stock worth $3,294,000 after buying an additional 2,328 shares during the period. Auxier Asset Management lifted its stake in shares of Exxon Mobil by 2.9% during the 2nd quarter. Auxier Asset Management now owns 13,192 shares of the oil and gas company's stock worth $1,519,000 after acquiring an additional 371 shares during the last quarter. Finally, Alaethes Wealth LLC boosted its holdings in Exxon Mobil by 1.6% during the 2nd quarter. Alaethes Wealth LLC now owns 19,705 shares of the oil and gas company's stock valued at $2,268,000 after acquiring an additional 302 shares during the period. Institutional investors own 61.80% of the company's stock.
Wall Street Analysts Forecast Growth
XOM has been the topic of a number of recent analyst reports. BNP Paribas downgraded 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. The Goldman Sachs Group lifted their price objective on shares of Exxon Mobil from $118.00 to $120.00 in a report on Thursday, October 31st. Wolfe Research upped their target price on shares of Exxon Mobil from $137.00 to $138.00 in a research note on Thursday, October 31st. UBS Group decreased their price target on shares of Exxon Mobil from $149.00 to $147.00 and set a "buy" rating for the company in a research note on Thursday, December 12th. Finally, Scotiabank raised Exxon Mobil from a "sector perform" rating to a "sector outperform" rating and increased their price objective for the stock from $129.00 to $145.00 in a research note on Thursday, October 10th. 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. According to data from MarketBeat, Exxon Mobil has a consensus rating of "Moderate Buy" and a consensus target price of $128.84.
View Our Latest Research Report on Exxon Mobil
Exxon Mobil Stock Up 0.9 %
NYSE:XOM traded up $1.05 during midday trading on Monday, reaching $112.37. 19,228,798 shares of the stock traded hands, compared to its average volume of 13,346,318. The business has a 50-day moving average of $112.56 and a two-hundred day moving average of $115.51. 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 Co. has a 12-month low of $95.77 and a 12-month high of $126.34. The stock has a market capitalization of $493.89 billion, a PE ratio of 13.99, a price-to-earnings-growth ratio of 2.70 and a beta of 0.91.
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 for the quarter, topping analysts' consensus estimates of $1.91 by $0.01. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The business had revenue of $90.02 billion for the quarter, compared to analyst estimates of $93.98 billion. During the same quarter in the previous year, the firm earned $2.27 earnings per share. The company's revenue was down .8% on a year-over-year basis. On average, equities analysts forecast that Exxon Mobil Co. will post 7.86 earnings per share for the current fiscal year.
Exxon Mobil Increases Dividend
The firm also recently declared 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 yield of 3.52%. The ex-dividend date of this dividend was Thursday, November 14th. This is an increase from Exxon Mobil's previous quarterly dividend of $0.95. Exxon Mobil's dividend payout ratio is 49.32%.
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.
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