Exxon Mobil Co. (NYSE:XOM) Stock Holdings Boosted by Verum Partners LLC

Verum Partners LLC lifted its position in Exxon Mobil Co. (NYSE:XOM) by 23.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,763 shares of the oil and gas company’s stock after buying an additional 518 shares during the period. Verum Partners LLC’s holdings in Exxon Mobil were worth $297,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Perfromance Wealth Partners LLC bought a new stake in Exxon Mobil in the fourth quarter worth about $236,000. Roberts Wealth Advisors LLC grew its stake in shares of Exxon Mobil by 3.6% in the 4th quarter. Roberts Wealth Advisors LLC now owns 19,269 shares of the oil and gas company’s stock worth $2,149,000 after purchasing an additional 675 shares during the last quarter. Fort Washington Investment Advisors Inc. OH raised its holdings in shares of Exxon Mobil by 4.3% in the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 2,036,668 shares of the oil and gas company’s stock worth $219,084,000 after purchasing an additional 83,539 shares in the last quarter. Transform Wealth LLC lifted its stake in Exxon Mobil by 15.3% during the fourth quarter. Transform Wealth LLC now owns 153,532 shares of the oil and gas company’s stock valued at $16,515,000 after purchasing an additional 20,373 shares during the last quarter. Finally, Lockerman Financial Group Inc. boosted its holdings in Exxon Mobil by 6.3% during the fourth quarter. Lockerman Financial Group Inc. now owns 3,902 shares of the oil and gas company’s stock worth $420,000 after buying an additional 231 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on XOM shares. Piper Sandler cut their price objective on Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating for the company in a research report on Thursday, December 19th. TD Cowen dropped their price target on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating on the stock in a research note on Monday, December 16th. UBS Group reduced their price objective on shares of Exxon Mobil from $149.00 to $147.00 and set a “buy” rating for the company in a research note on Thursday, December 12th. The Goldman Sachs Group lifted their target price on shares of Exxon Mobil from $118.00 to $120.00 in a research report on Thursday, October 31st. Finally, Wolfe Research upped their price target on shares of Exxon Mobil from $137.00 to $138.00 in a research report on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $128.84.

Exxon Mobil Stock Performance

XOM stock opened at $110.12 on Friday. The firm has a 50 day moving average of $111.98 and a two-hundred day moving average of $115.44. Exxon Mobil Co. has a 12 month low of $97.74 and a 12 month high of $126.34. The company has a market capitalization of $483.97 billion, a price-to-earnings ratio of 13.71, a P/E/G ratio of 2.93 and a beta of 0.91. The company has a quick ratio of 1.01, a current ratio of 1.35 and a debt-to-equity ratio of 0.13.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 earnings per share. Exxon Mobil’s revenue for the quarter was down .8% on a year-over-year basis. As a group, equities analysts anticipate that Exxon Mobil Co. will post 7.77 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. Investors of record on Thursday, November 14th were issued a $0.99 dividend. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 annualized dividend and a yield of 3.60%. The ex-dividend date of this dividend was Thursday, November 14th. Exxon Mobil’s payout ratio is 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.