Peddock Capital Advisors LLC Lowers Position in Exxon Mobil Co. (NYSE:XOM)

Peddock Capital Advisors LLC lessened its stake in Exxon Mobil Co. (NYSE:XOM) by 0.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 267,421 shares of the oil and gas company’s stock after selling 93 shares during the period. Exxon Mobil makes up approximately 6.9% of Peddock Capital Advisors LLC’s holdings, making the stock its 2nd largest position. Peddock Capital Advisors LLC’s holdings in Exxon Mobil were worth $28,766,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Eagle Capital Management LLC boosted its position in Exxon Mobil by 4.9% in the second quarter. Eagle Capital Management LLC now owns 2,460 shares of the oil and gas company’s stock worth $283,000 after purchasing an additional 114 shares during the last quarter. Executive Wealth Management LLC boosted its holdings in shares of Exxon Mobil by 10.2% in the second quarter. Executive Wealth Management LLC now owns 11,712 shares of the oil and gas company’s stock worth $1,348,000 after buying an additional 1,087 shares during the last quarter. Prevail Innovative Wealth Advisors LLC grew its position in Exxon Mobil by 88.1% during the second quarter. Prevail Innovative Wealth Advisors LLC now owns 4,681 shares of the oil and gas company’s stock valued at $539,000 after buying an additional 2,192 shares during the period. TradeLink Capital LLC purchased a new stake in Exxon Mobil during the second quarter valued at approximately $737,000. Finally, GHP Investment Advisors Inc. raised its position in Exxon Mobil by 8.4% in the second quarter. GHP Investment Advisors Inc. now owns 56,740 shares of the oil and gas company’s stock worth $6,532,000 after acquiring an additional 4,411 shares during the period. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Exxon Mobil Price Performance

Shares of Exxon Mobil stock opened at $109.27 on Tuesday. The firm has a market cap of $480.25 billion, a PE ratio of 13.61, a PEG ratio of 4.65 and a beta of 0.91. The stock has a 50 day moving average of $113.31 and a 200 day moving average of $115.61. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $126.34.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, beating 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 the consensus estimate of $93.98 billion. During the same period in the prior year, the company earned $2.27 EPS. The company’s quarterly revenue was down .8% compared to the same quarter last year. On average, research analysts expect that Exxon Mobil Co. will post 7.95 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th were issued a $0.99 dividend. The ex-dividend date was Thursday, November 14th. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.62%. Exxon Mobil’s payout ratio is 49.32%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on XOM shares. BNP Paribas lowered Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price objective for the company. in a research note on Wednesday, October 9th. JPMorgan Chase & Co. decreased their price objective on Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating on the stock in a research note on Monday, December 16th. Truist Financial boosted their price objective on Exxon Mobil from $117.00 to $119.00 and gave the company a “hold” rating in a research note on Monday. Wells Fargo & Company raised their target price on shares of Exxon Mobil from $135.00 to $136.00 and gave the stock an “overweight” rating in a research note on Friday, September 27th. Finally, Redburn Atlantic reiterated a “neutral” rating and issued a $120.00 price target (up from $119.00) on shares of Exxon Mobil in a research report on Tuesday, September 24th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price 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.