Advance Capital Management Inc. Acquires 114 Shares of Exxon Mobil Co. (NYSE:XOM)

Advance Capital Management Inc. lifted its holdings in Exxon Mobil Co. (NYSE:XOM) by 1.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,615 shares of the oil and gas company’s stock after purchasing an additional 114 shares during the quarter. Advance Capital Management Inc.’s holdings in Exxon Mobil were worth $1,249,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in XOM. Fortem Financial Group LLC raised its holdings in shares of Exxon Mobil by 4.7% in the 4th quarter. Fortem Financial Group LLC now owns 8,898 shares of the oil and gas company’s stock valued at $957,000 after purchasing an additional 402 shares during the period. Insight Wealth Strategies LLC raised its stake in Exxon Mobil by 4.4% in the fourth quarter. Insight Wealth Strategies LLC now owns 15,712 shares of the oil and gas company’s stock valued at $1,690,000 after buying an additional 663 shares during the period. Doliver Advisors LP lifted its position in shares of Exxon Mobil by 1.2% in the fourth quarter. Doliver Advisors LP now owns 1,155,606 shares of the oil and gas company’s stock valued at $124,308,000 after buying an additional 13,359 shares during the last quarter. Kozak & Associates Inc. increased its holdings in shares of Exxon Mobil by 4.0% during the 4th quarter. Kozak & Associates Inc. now owns 4,462 shares of the oil and gas company’s stock worth $481,000 after acquiring an additional 173 shares during the last quarter. Finally, Bard Financial Services Inc. raised its stake in Exxon Mobil by 0.3% in the 4th quarter. Bard Financial Services Inc. now owns 85,400 shares of the oil and gas company’s stock valued at $9,186,000 after acquiring an additional 250 shares during the period. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Price Performance

Shares of Exxon Mobil stock traded down $0.28 during midday trading on Monday, hitting $107.58. 14,912,321 shares of the company traded hands, compared to its average volume of 12,557,385. The stock has a market cap of $472.82 billion, a price-to-earnings ratio of 13.40, a PEG ratio of 4.65 and a beta of 0.91. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.35. The firm’s fifty day moving average price is $114.46 and its 200-day moving average price is $115.86. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $126.34.

Exxon Mobil (NYSE:XOM) last announced its quarterly 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. The company had revenue of $90.02 billion during the quarter, compared to analysts’ expectations of $93.98 billion. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. Exxon Mobil’s revenue was down .8% compared to the same quarter last year. During the same period in the prior year, the company earned $2.27 EPS. As a group, sell-side analysts forecast that Exxon Mobil Co. will post 7.95 earnings per share for the current year.

Exxon Mobil Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Thursday, November 14th were issued a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 3.68%. The ex-dividend date was Thursday, November 14th. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s dividend payout ratio (DPR) is 49.32%.

Wall Street Analyst Weigh In

Several equities analysts have commented on XOM shares. Truist Financial decreased their price objective on shares of Exxon Mobil from $121.00 to $117.00 and set a “hold” rating on the stock in a report on Monday, September 30th. UBS Group lowered their price target on shares of Exxon Mobil from $149.00 to $147.00 and set a “buy” rating on the stock in a report on Thursday, December 12th. Bank of America initiated coverage on Exxon Mobil in a report on Thursday, October 17th. They set a “neutral” rating and a $124.00 price objective for the company. Piper Sandler lowered their target price on Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating on the stock in a research note on Thursday, December 19th. Finally, TD Cowen decreased their price objective on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating on the stock in a report on Monday, December 16th. One 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 issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $128.74.

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.