Financial Counselors Inc. grew its position in Exxon Mobil Co. (NYSE:XOM - Free Report) by 1.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 597,403 shares of the oil and gas company's stock after buying an additional 8,400 shares during the period. Exxon Mobil accounts for about 0.9% of Financial Counselors Inc.'s portfolio, making the stock its 24th largest position. Financial Counselors Inc.'s holdings in Exxon Mobil were worth $64,263,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Morey & Quinn Wealth Partners LLC purchased a new position in Exxon Mobil during the 4th quarter worth $718,000. Ipsen Advisor Group LLC purchased a new stake in shares of Exxon Mobil during the fourth quarter worth about $688,000. Murphy & Mullick Capital Management Corp acquired a new position in shares of Exxon Mobil during the fourth quarter valued at about $91,000. BG Investment Services Inc. purchased a new position in shares of Exxon Mobil in the 4th quarter valued at approximately $311,000. Finally, Momentous Wealth Management Inc. acquired a new stake in Exxon Mobil in the 4th quarter worth approximately $347,000. Hedge funds and other institutional investors own 61.80% of the company's stock.
Exxon Mobil Price Performance
Shares of XOM stock traded down $0.35 during trading hours on Friday, reaching $117.54. The company had a trading volume of 5,205,124 shares, compared to its average volume of 15,954,599. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. The stock has a fifty day moving average of $110.63 and a 200-day moving average of $113.67. The company has a market capitalization of $510.03 billion, a price-to-earnings ratio of 14.99, a PEG ratio of 3.02 and a beta of 0.83. Exxon Mobil Co. has a 12-month low of $103.67 and a 12-month high of $126.34.
Exxon Mobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.77 by ($0.10). Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. During the same quarter last year, the company posted $2.48 EPS. On average, equities analysts anticipate that Exxon Mobil Co. will post 7.43 earnings per share for the current year.
Exxon Mobil Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th were paid a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.37%. The ex-dividend date was Wednesday, February 12th. Exxon Mobil's dividend payout ratio (DPR) is 50.51%.
Analyst Upgrades and Downgrades
Several equities analysts recently issued reports on the company. Piper Sandler cut their target price on Exxon Mobil from $138.00 to $127.00 and set an "overweight" rating on the stock in a research report on Thursday, December 19th. Argus upgraded Exxon Mobil to a "strong-buy" rating in a research report on Tuesday, February 4th. Royal Bank of Canada reiterated a "sector perform" rating and issued a $115.00 price objective on shares of Exxon Mobil in a research report on Monday, February 3rd. HSBC cut their price target on Exxon Mobil from $125.00 to $123.00 and set a "hold" rating for the company in a research note on Friday, January 31st. Finally, BMO Capital Markets cut their price objective on Exxon Mobil from $130.00 to $123.00 and set a "market perform" rating for the company in a research report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Exxon Mobil has an average rating of "Moderate Buy" and an average target price of $129.05.
View Our Latest Analysis on XOM
Insider Transactions at Exxon Mobil
In related news, VP Darrin L. Talley sold 2,100 shares of the business's stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total value of $231,000.00. Following the sale, the vice president now owns 18,087 shares in the company, valued at approximately $1,989,570. The trade was a 10.40 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.03% of the company's stock.
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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