Great Waters Wealth Management lowered its stake in shares of Exxon Mobil Co. (NYSE:XOM – Free Report) by 5.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,168 shares of the oil and gas company’s stock after selling 262 shares during the period. Great Waters Wealth Management’s holdings in Exxon Mobil were worth $448,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. Vertex Planning Partners LLC raised its position in shares of Exxon Mobil by 3.1% in the 3rd quarter. Vertex Planning Partners LLC now owns 2,778 shares of the oil and gas company’s stock worth $326,000 after buying an additional 83 shares during the period. First Heartland Consultants Inc. raised its holdings in shares of Exxon Mobil by 0.9% in the 3rd quarter. First Heartland Consultants Inc. now owns 9,451 shares of the oil and gas company’s stock worth $1,108,000 after purchasing an additional 87 shares during the period. Latitude Advisors LLC lifted its stake in shares of Exxon Mobil by 0.7% in the 3rd quarter. Latitude Advisors LLC now owns 13,378 shares of the oil and gas company’s stock valued at $1,568,000 after purchasing an additional 88 shares in the last quarter. Longfellow Investment Management Co. LLC grew its holdings in shares of Exxon Mobil by 0.6% during the 3rd quarter. Longfellow Investment Management Co. LLC now owns 14,537 shares of the oil and gas company’s stock worth $1,704,000 after purchasing an additional 88 shares during the period. Finally, West Oak Capital LLC increased its position in Exxon Mobil by 0.6% during the 4th quarter. West Oak Capital LLC now owns 16,207 shares of the oil and gas company’s stock worth $1,743,000 after purchasing an additional 92 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.
Exxon Mobil Stock Performance
Shares of XOM opened at $110.12 on Friday. The business’s fifty day moving average price is $111.98 and its 200 day moving average price is $115.44. Exxon Mobil Co. has a 12-month low of $97.74 and a 12-month high of $126.34. The stock has a market capitalization of $483.97 billion, a PE ratio of 13.71, a price-to-earnings-growth ratio of 2.93 and a beta of 0.91. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01.
Exxon Mobil Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Thursday, November 14th were given a $0.99 dividend. This is a boost 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 dividend payout ratio (DPR) is currently 49.32%.
Analysts Set New Price Targets
XOM has been the subject of several research reports. Barclays decreased their price objective on shares of Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating for the company in a research note on Thursday, October 3rd. Truist Financial increased their price target on Exxon Mobil from $117.00 to $119.00 and gave the company a “hold” rating in a report on Monday, January 13th. Wolfe Research boosted their price objective on Exxon Mobil from $137.00 to $138.00 in a research note on Thursday, October 31st. Morgan Stanley lowered their target price on Exxon Mobil from $142.00 to $140.00 in a research note on Thursday, October 31st. Finally, Mizuho reduced their price target on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating on the stock in a research report on Monday, December 16th. One equities research 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. Based on data from MarketBeat, Exxon Mobil presently has a consensus rating of “Moderate Buy” and an average price target of $128.84.
Check Out Our Latest Analysis on Exxon Mobil
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.
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