Diversify Wealth Management LLC Boosts Holdings in Exxon Mobil Co. (NYSE:XOM)

Diversify Wealth Management LLC grew its position in Exxon Mobil Co. (NYSE:XOMFree 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 (NYSE:XOMGet Free Report) last posted its quarterly earnings data 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 firm had revenue of $90.02 billion during the quarter, compared to analysts’ expectations of $93.98 billion. During the same quarter last year, the firm earned $2.27 EPS. The business’s quarterly revenue was down .8% on a year-over-year basis. As a group, 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 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

(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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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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