Exxon Mobil Co. (NYSE:XOM) Position Increased by Heirloom Wealth Management

Heirloom Wealth Management grew its stake in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 6.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 61,143 shares of the oil and gas company's stock after acquiring an additional 3,469 shares during the period. Exxon Mobil comprises about 2.0% of Heirloom Wealth Management's holdings, making the stock its 18th biggest position. Heirloom Wealth Management's holdings in Exxon Mobil were worth $6,577,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Retirement Wealth Solutions LLC purchased a new stake in Exxon Mobil during the 4th quarter worth about $46,000. Peterson Financial Group Inc. purchased a new stake in shares of Exxon Mobil during the third quarter worth about $51,000. Highline Wealth Partners LLC acquired a new position in shares of Exxon Mobil in the third quarter valued at approximately $54,000. Harbor Capital Advisors Inc. purchased a new position in shares of Exxon Mobil during the third quarter valued at approximately $63,000. Finally, Annapolis Financial Services LLC grew its stake in Exxon Mobil by 284.9% in the 3rd quarter. Annapolis Financial Services LLC now owns 766 shares of the oil and gas company's stock worth $90,000 after acquiring an additional 567 shares during the period. Hedge funds and other institutional investors own 61.80% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on XOM shares. Truist Financial raised their price objective on Exxon Mobil from $117.00 to $119.00 and gave the stock a "hold" rating in a report on Monday, January 13th. Barclays dropped their price objective on shares of Exxon Mobil from $142.00 to $137.00 and set an "overweight" rating for the company in a research note on Thursday, October 3rd. Piper Sandler decreased 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 report on Thursday, December 19th. Scotiabank upgraded shares of Exxon Mobil from a "sector perform" rating to a "sector outperform" rating and lifted their price target for the company from $129.00 to $145.00 in a report on Thursday, October 10th. Finally, Bank of America assumed coverage on Exxon Mobil in a report on Thursday, October 17th. They set a "neutral" rating and a $124.00 price objective for the company. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Exxon Mobil has an average rating of "Moderate Buy" and a consensus target price of $128.84.

Exxon Mobil Stock Performance

Shares of NYSE XOM traded up $0.81 during trading on Thursday, reaching $109.48. The stock had a trading volume of 14,330,775 shares, compared to its average volume of 15,121,210. The firm's 50 day moving average price is $110.91 and its two-hundred day moving average price is $115.33. Exxon Mobil Co. has a one year low of $100.42 and a one year high of $126.34. The stock has a market cap of $481.18 billion, a PE ratio of 13.63, a P/E/G ratio of 2.86 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 posted its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.91 by $0.01. The company had revenue of $90.02 billion for the quarter, compared to the consensus estimate of $93.98 billion. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The company's revenue for the quarter was down .8% on a year-over-year basis. During the same period last year, the firm posted $2.27 EPS. On average, research analysts forecast that Exxon Mobil Co. will post 7.77 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. Stockholders of record on Thursday, November 14th were paid a $0.99 dividend. This is a boost from Exxon Mobil's previous quarterly dividend of $0.95. The ex-dividend date was Thursday, November 14th. This represents a $3.96 annualized dividend and a dividend yield of 3.62%. Exxon Mobil's dividend 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.