Advisory Alpha LLC Grows Stake in Exxon Mobil Co. (NYSE:XOM)

Advisory Alpha LLC lifted its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 14.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 32,267 shares of the oil and gas company’s stock after acquiring an additional 4,118 shares during the period. Advisory Alpha LLC’s holdings in Exxon Mobil were worth $3,471,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in XOM. AXA S.A. boosted its position in shares of Exxon Mobil by 18.5% in the 2nd quarter. AXA S.A. now owns 130,996 shares of the oil and gas company’s stock valued at $15,080,000 after purchasing an additional 20,475 shares during the period. MBB Public Markets I LLC lifted its stake in Exxon Mobil by 2,165.3% in the second quarter. MBB Public Markets I LLC now owns 318,744 shares of the oil and gas company’s stock valued at $36,694,000 after buying an additional 304,673 shares during the last quarter. Marathon Capital Management boosted its holdings in shares of Exxon Mobil by 4.2% in the second quarter. Marathon Capital Management now owns 10,007 shares of the oil and gas company’s stock valued at $1,152,000 after acquiring an additional 400 shares during the period. The Manufacturers Life Insurance Company grew its position in shares of Exxon Mobil by 18.6% during the second quarter. The Manufacturers Life Insurance Company now owns 3,792,336 shares of the oil and gas company’s stock worth $436,574,000 after acquiring an additional 593,729 shares during the last quarter. Finally, Mackenzie Financial Corp increased its holdings in shares of Exxon Mobil by 120.3% in the 2nd quarter. Mackenzie Financial Corp now owns 2,943,754 shares of the oil and gas company’s stock valued at $338,885,000 after acquiring an additional 1,607,663 shares during the period. 61.80% of the stock is owned by institutional investors and hedge funds.

Exxon Mobil Stock Performance

NYSE XOM opened at $108.64 on Friday. The business has a 50 day moving average price of $111.77 and a 200 day moving average price of $115.41. The company has a market capitalization of $477.48 billion, a P/E ratio of 13.53, a PEG ratio of 2.86 and a beta of 0.91. Exxon Mobil Co. has a 1-year low of $99.61 and a 1-year high of $126.34. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, beating analysts’ consensus estimates of $1.91 by $0.01. The business had revenue of $90.02 billion during the quarter, compared to analysts’ expectations of $93.98 billion. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The business’s revenue for the quarter was down .8% on a year-over-year basis. During the same quarter last year, the business posted $2.27 earnings per share. Sell-side analysts expect that Exxon Mobil Co. will post 7.77 EPS 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 given a $0.99 dividend. The ex-dividend date was Thursday, November 14th. 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 3.65%. Exxon Mobil’s dividend payout ratio is currently 49.32%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. BMO Capital Markets raised their price objective on shares of Exxon Mobil from $127.00 to $130.00 and gave the stock a “market perform” rating in a research report on Friday, October 4th. 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. Barclays decreased their price objective on Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating for the company in a research report on Thursday, October 3rd. Truist Financial boosted their target price on Exxon Mobil from $117.00 to $119.00 and gave the company a “hold” rating in a report on Monday, January 13th. Finally, Bank of America started coverage on Exxon Mobil in a report on Thursday, October 17th. They set a “neutral” rating and a $124.00 price target for the company. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Exxon Mobil presently has a consensus rating of “Moderate Buy” and a consensus price target of $128.84.

About Exxon Mobil

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.