Diversify Wealth Management LLC grew its position in Exxon Mobil Co. (NYSE:XOM – Free Report) by 54.9% during the 4th quarter, HoldingsChannel reports. The fund owned 31,378 shares of the oil and gas company’s stock after purchasing an additional 11,125 shares during the period. Diversify Wealth Management LLC’s holdings in Exxon Mobil were worth $3,343,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Hershey Financial Advisers LLC bought a new stake in shares of Exxon Mobil during the 2nd quarter worth approximately $46,000. Retirement Wealth Solutions LLC purchased a new stake in Exxon Mobil in the fourth quarter worth $46,000. Peterson Financial Group Inc. bought a new stake in shares of Exxon Mobil during the third quarter worth $51,000. Highline Wealth Partners LLC purchased a new stake in shares of Exxon Mobil during the third quarter valued at $54,000. Finally, Harbor Capital Advisors Inc. bought a new position in shares of Exxon Mobil in the third quarter worth about $63,000. Institutional investors own 61.80% of the company’s stock.
Exxon Mobil Price Performance
Shares of XOM opened at $111.52 on Wednesday. The company has a 50 day moving average of $112.40 and a two-hundred day moving average of $115.50. The company has a quick ratio of 1.01, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $126.34. The company has a market cap of $490.12 billion, a price-to-earnings ratio of 13.89, a price-to-earnings-growth ratio of 3.01 and a beta of 0.91.
Exxon Mobil Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Thursday, November 14th were given a $0.99 dividend. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 annualized dividend and a dividend yield of 3.55%. The ex-dividend date of this dividend was Thursday, November 14th. Exxon Mobil’s dividend payout ratio (DPR) is presently 49.32%.
Analyst Upgrades and Downgrades
A number of equities research analysts recently weighed in on XOM shares. Redburn Atlantic reiterated a “neutral” rating and set a $120.00 price objective (up previously from $119.00) on shares of Exxon Mobil in a report on Tuesday, September 24th. Barclays lowered their price target on Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating for the company in a report on Thursday, October 3rd. Royal Bank of Canada restated a “sector perform” rating and set a $115.00 price objective on shares of Exxon Mobil in a report on Thursday, December 12th. TD Cowen lowered their target price on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating for the company in a report on Monday, December 16th. Finally, Piper Sandler dropped their price target 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. One research 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 stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $128.84.
View Our Latest Stock Report on Exxon Mobil
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.
Featured Stories
- Five stocks we like better than Exxon Mobil
- Unveiling The Power Of VWAP: A Key Indicator For Traders
- SAP’s Strong Momentum: A Bullish Setup for Investors
- When to Sell a Stock for Profit or Loss
- BlackRock Breaks Records: Why the Stock Still Has Room to Run
- What is Insider Trading? What You Can Learn from Insider Trading
- Duke vs. NRG: Which Energy Stock Will Power Higher Gains?
Want to see what other hedge funds are holding XOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Exxon Mobil Co. (NYSE:XOM – Free Report).
Receive News & Ratings for Exxon Mobil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exxon Mobil and related companies with MarketBeat.com's FREE daily email newsletter.