Verity & Verity LLC Buys 12,667 Shares of Exxon Mobil Co. (NYSE:XOM)

Verity & Verity LLC increased its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 8.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 157,519 shares of the oil and gas company’s stock after buying an additional 12,667 shares during the period. Exxon Mobil accounts for about 1.5% of Verity & Verity LLC’s portfolio, making the stock its 23rd largest holding. Verity & Verity LLC’s holdings in Exxon Mobil were worth $16,944,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of XOM. Fairscale Capital LLC bought a new stake in Exxon Mobil in the 2nd quarter valued at about $39,000. Hershey Financial Advisers LLC bought a new stake in Exxon Mobil in the 2nd quarter valued at about $46,000. Retirement Wealth Solutions LLC bought a new stake in Exxon Mobil in the 4th quarter valued at about $46,000. Peterson Financial Group Inc. bought a new stake in Exxon Mobil in the 3rd quarter valued at about $51,000. Finally, Highline Wealth Partners LLC bought a new stake in Exxon Mobil in the 3rd quarter valued at about $54,000. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Trading Up 0.9 %

Shares of NYSE XOM opened at $112.37 on Monday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.35. Exxon Mobil Co. has a 52-week low of $95.77 and a 52-week high of $126.34. The firm has a 50 day moving average price of $112.56 and a two-hundred day moving average price of $115.51. The stock has a market cap of $493.89 billion, a P/E ratio of 13.99, a price-to-earnings-growth ratio of 2.70 and a beta of 0.91.

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 (EPS) for the quarter, beating 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 firm had revenue of $90.02 billion during the quarter, compared to analysts’ expectations of $93.98 billion. During the same period in the prior year, the company posted $2.27 EPS. The company’s revenue was down .8% on a year-over-year basis. As a group, equities analysts forecast that Exxon Mobil Co. will post 7.86 EPS for the current year.

Exxon Mobil Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders 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. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.52%. The ex-dividend date was Thursday, November 14th. Exxon Mobil’s dividend payout ratio is currently 49.32%.

Analysts Set New Price Targets

A number of research firms have issued reports on XOM. Redburn Atlantic reissued a “neutral” rating and issued a $120.00 price objective (up previously from $119.00) on shares of Exxon Mobil in a report on Tuesday, September 24th. Piper Sandler dropped 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 report on Thursday, December 19th. Barclays dropped their target price on shares of Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating for the company in a research report on Thursday, October 3rd. UBS Group dropped their target price on shares of Exxon Mobil from $149.00 to $147.00 and set a “buy” rating for the company in a research report on Thursday, December 12th. Finally, Truist Financial boosted their target price on shares of Exxon Mobil from $117.00 to $119.00 and gave the company a “hold” rating in a research report on Monday, January 13th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $128.84.

Exxon Mobil 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.