Goldstone Financial Group LLC Makes New Investment in Exxon Mobil Co. (NYSE:XOM)

Goldstone Financial Group LLC bought a new stake in shares of Exxon Mobil Co. (NYSE:XOM) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 4,177 shares of the oil and gas company’s stock, valued at approximately $449,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of XOM. Global Wealth Management Investment Advisory Inc. increased its holdings in shares of Exxon Mobil by 10.7% in the 3rd quarter. Global Wealth Management Investment Advisory Inc. now owns 47,195 shares of the oil and gas company’s stock valued at $5,532,000 after acquiring an additional 4,578 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in shares of Exxon Mobil by 79.4% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 859,226 shares of the oil and gas company’s stock valued at $98,914,000 after acquiring an additional 380,399 shares during the period. Massmutual Trust Co. FSB ADV increased its holdings in shares of Exxon Mobil by 4.7% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 133,140 shares of the oil and gas company’s stock worth $15,607,000 after acquiring an additional 5,985 shares during the period. Brooklyn Investment Group increased its stake in shares of Exxon Mobil by 36.8% in the third quarter. Brooklyn Investment Group now owns 25,127 shares of the oil and gas company’s stock valued at $2,945,000 after purchasing an additional 6,753 shares during the period. Finally, Parthenon LLC raised its holdings in shares of Exxon Mobil by 2.4% during the third quarter. Parthenon LLC now owns 191,590 shares of the oil and gas company’s stock valued at $22,458,000 after buying an additional 4,445 shares during the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

XOM has been the subject of several recent analyst reports. Royal Bank of Canada reissued a “sector perform” rating and issued a $115.00 price target on shares of Exxon Mobil in a research note on Thursday, December 12th. Truist Financial raised their target price on shares of Exxon Mobil from $117.00 to $119.00 and gave the company a “hold” rating in a research note on Monday, January 13th. Wells Fargo & Company upped their price target 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. Bank of America assumed coverage on Exxon Mobil in a report on Thursday, October 17th. They set a “neutral” rating and a $124.00 target price on the stock. Finally, Barclays decreased their price target on Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating for the company in a research note on Thursday, October 3rd. One 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 MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $128.84.

Exxon Mobil Stock Performance

Exxon Mobil stock opened at $112.37 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01. The company 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 Co. has a fifty-two week low of $95.77 and a fifty-two week high of $126.34. The firm’s 50 day simple moving average is $112.73 and its 200-day simple moving average is $115.52.

Exxon Mobil (NYSE:XOM) last announced its 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. The company had revenue of $90.02 billion for the quarter, compared to the consensus estimate of $93.98 billion. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The company’s revenue was down .8% on a year-over-year basis. During the same period in the previous year, the business earned $2.27 EPS. As a group, equities research analysts predict that Exxon Mobil Co. will post 7.86 EPS for the current year.

Exxon Mobil Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th were given a dividend of $0.99 per share. 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 dividend on an annualized basis and a yield of 3.52%. Exxon Mobil’s dividend payout ratio (DPR) 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.