Exxon Mobil Co. (NYSE:XOM) Shares Acquired by Udine Wealth Management Inc.

Udine Wealth Management Inc. boosted its holdings in Exxon Mobil Co. (NYSE:XOM) by 2.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,304 shares of the oil and gas company’s stock after purchasing an additional 444 shares during the quarter. Exxon Mobil makes up about 1.2% of Udine Wealth Management Inc.’s investment portfolio, making the stock its 26th largest holding. Udine Wealth Management Inc.’s holdings in Exxon Mobil were worth $1,861,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in XOM. Fairscale Capital LLC acquired a new stake in shares of Exxon Mobil during the 2nd quarter worth approximately $39,000. Hershey Financial Advisers LLC bought a new position in Exxon Mobil during the 2nd quarter worth $46,000. Retirement Wealth Solutions LLC bought a new stake in Exxon Mobil in the fourth quarter valued at $46,000. Peterson Financial Group Inc. bought a new stake in shares of Exxon Mobil during the third quarter valued at approximately $51,000. Finally, Highline Wealth Partners LLC acquired a new position in shares of Exxon Mobil during the third quarter worth approximately $54,000. Institutional investors own 61.80% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. The Goldman Sachs Group raised their target price on Exxon Mobil from $118.00 to $120.00 in a research report on Thursday, October 31st. Redburn Atlantic reaffirmed a “neutral” rating and set a $120.00 target price (up previously from $119.00) on shares of Exxon Mobil in a research note on Tuesday, September 24th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $115.00 price objective on shares of Exxon Mobil in a research note on Thursday, December 12th. 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 note on Thursday, December 19th. Finally, Bank of America began coverage on Exxon Mobil in a research report on Thursday, October 17th. They issued 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 assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $128.84.

Exxon Mobil Stock Up 0.9 %

XOM opened at $112.37 on Monday. The firm has a market cap of $493.89 billion, a price-to-earnings ratio of 13.99, a PEG ratio of 2.70 and a beta of 0.91. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $126.34. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.35. The firm’s 50-day simple moving average is $112.56 and its 200-day simple moving average is $115.51.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.91 by $0.01. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The business had revenue of $90.02 billion for the quarter, compared to the consensus estimate of $93.98 billion. During the same quarter in the prior year, the company earned $2.27 EPS. The firm’s quarterly revenue was down .8% on a year-over-year basis. Equities research analysts anticipate that Exxon Mobil Co. will post 7.86 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th were paid a $0.99 dividend. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date was Thursday, November 14th. This represents a $3.96 annualized dividend and a yield of 3.52%. Exxon Mobil’s dividend payout ratio is presently 49.32%.

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.