Capital Investment Advisors LLC Raises Position in Exxon Mobil Co. (NYSE:XOM)

Capital Investment Advisors LLC lifted its stake in Exxon Mobil Co. (NYSE:XOM) by 0.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 209,554 shares of the oil and gas company’s stock after purchasing an additional 647 shares during the period. Capital Investment Advisors LLC’s holdings in Exxon Mobil were worth $22,542,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. FMR LLC lifted its holdings in Exxon Mobil by 0.3% during the third quarter. FMR LLC now owns 151,863,649 shares of the oil and gas company’s stock valued at $17,801,457,000 after purchasing an additional 395,218 shares in the last quarter. Geode Capital Management LLC increased its stake in Exxon Mobil by 1.8% in the 3rd quarter. Geode Capital Management LLC now owns 92,194,981 shares of the oil and gas company’s stock worth $10,777,735,000 after buying an additional 1,622,064 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Exxon Mobil by 16.9% during the second quarter. Dimensional Fund Advisors LP now owns 36,794,077 shares of the oil and gas company’s stock valued at $4,235,972,000 after acquiring an additional 5,330,887 shares during the period. Legal & General Group Plc grew its position in shares of Exxon Mobil by 19.3% during the second quarter. Legal & General Group Plc now owns 32,308,002 shares of the oil and gas company’s stock worth $3,719,296,000 after purchasing an additional 5,235,607 shares in the last quarter. Finally, Franklin Resources Inc. lifted its holdings in Exxon Mobil by 16.3% in the 3rd quarter. Franklin Resources Inc. now owns 31,522,556 shares of the oil and gas company’s stock worth $3,936,929,000 after purchasing an additional 4,415,012 shares in the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on XOM. Redburn Atlantic restated a “neutral” rating and set a $120.00 target price (up previously from $119.00) on shares of Exxon Mobil in a research report on Tuesday, September 24th. Piper Sandler decreased their price objective on Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating on the stock in a report on Thursday, December 19th. Mizuho decreased their price target on shares of Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating on the stock in a research note on Monday, December 16th. Royal Bank of Canada restated a “sector perform” rating and issued a $115.00 target price on shares of Exxon Mobil in a report on Thursday, December 12th. Finally, The Goldman Sachs Group increased their price target on shares of Exxon Mobil from $118.00 to $120.00 in a report on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $128.84.

Exxon Mobil Trading Up 2.1 %

Shares of Exxon Mobil stock traded up $2.22 on Monday, hitting $108.76. 5,510,986 shares of the company traded hands, compared to its average volume of 13,797,694. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. The company has a market cap of $478.01 billion, a PE ratio of 13.54, a PEG ratio of 4.65 and a beta of 0.91. The stock’s 50 day moving average price is $113.49 and its 200-day moving average price is $115.65. Exxon Mobil Co. has a 52 week low of $95.77 and a 52 week high of $126.34.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, beating analysts’ consensus estimates of $1.91 by $0.01. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The business had revenue of $90.02 billion during the quarter, compared to analyst estimates of $93.98 billion. During the same period in the previous year, the company posted $2.27 EPS. Exxon Mobil’s revenue was down .8% on a year-over-year basis. Equities research analysts predict that Exxon Mobil Co. will post 7.95 EPS for the current year.

Exxon Mobil Increases Dividend

The firm also recently announced 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. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $3.96 dividend on an annualized basis and a yield of 3.64%. Exxon Mobil’s dividend payout ratio (DPR) is 49.32%.

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.