McLean Asset Management Corp Buys 3,686 Shares of Exxon Mobil Co. (NYSE:XOM)

McLean Asset Management Corp grew its stake in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 66.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 9,264 shares of the oil and gas company's stock after acquiring an additional 3,686 shares during the period. McLean Asset Management Corp's holdings in Exxon Mobil were worth $997,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. FMR LLC lifted its holdings in shares of Exxon Mobil by 0.3% in the third quarter. FMR LLC now owns 151,863,649 shares of the oil and gas company's stock worth $17,801,457,000 after buying an additional 395,218 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Exxon Mobil by 1.8% during the 3rd quarter. Geode Capital Management LLC now owns 92,194,981 shares of the oil and gas company's stock valued at $10,777,735,000 after purchasing an additional 1,622,064 shares in the last quarter. Franklin Resources Inc. increased its holdings in shares of Exxon Mobil by 16.3% in the third quarter. Franklin Resources Inc. now owns 31,522,556 shares of the oil and gas company's stock worth $3,936,929,000 after purchasing an additional 4,415,012 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Exxon Mobil by 0.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 31,160,117 shares of the oil and gas company's stock valued at $3,652,589,000 after buying an additional 146,374 shares during the period. Finally, Fisher Asset Management LLC grew its position in Exxon Mobil by 3.4% during the third quarter. Fisher Asset Management LLC now owns 29,197,557 shares of the oil and gas company's stock worth $3,422,538,000 after buying an additional 949,875 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on XOM shares. The Goldman Sachs Group lifted their price target on Exxon Mobil from $118.00 to $120.00 in a research report on Thursday, October 31st. Bank of America initiated coverage on shares of Exxon Mobil in a research report on Thursday, October 17th. They set a "neutral" rating and a $124.00 target price for the company. BNP Paribas lowered shares of Exxon Mobil from a "neutral" rating to an "underperform" rating and set a $105.00 price target on the stock. in a report on Wednesday, October 9th. Piper Sandler cut their target price on shares of Exxon Mobil from $138.00 to $127.00 and set an "overweight" rating for the company in a research report on Thursday, December 19th. Finally, Wolfe Research raised their price target on Exxon Mobil from $137.00 to $138.00 in a research report on Thursday, October 31st. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $128.84.

Exxon Mobil Trading Up 0.7 %

Shares of XOM traded up $0.81 during trading hours on Thursday, reaching $109.48. 14,326,709 shares of the company traded hands, compared to its average volume of 15,121,210. Exxon Mobil Co. has a 12 month low of $100.42 and a 12 month high of $126.34. The company has a market capitalization of $481.18 billion, a price-to-earnings ratio of 13.63, a price-to-earnings-growth ratio of 2.86 and a beta of 0.91. The company has a quick ratio of 1.01, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. The company's fifty day moving average price is $110.91 and its two-hundred day moving average price is $115.33.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, topping 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 net margin of 9.61% and a return on equity of 14.73%. Exxon Mobil's quarterly revenue was down .8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.27 earnings per share. Equities research analysts predict that Exxon Mobil Co. will post 7.77 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th were issued a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.62%. 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 (DPR) is presently 49.32%.

Exxon Mobil 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.