Sax Wealth Advisors LLC Has $2.27 Million Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Sax Wealth Advisors LLC grew its position in Exxon Mobil Co. (NYSE:XOMFree Report) by 8.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 21,072 shares of the oil and gas company’s stock after buying an additional 1,628 shares during the period. Sax Wealth Advisors LLC’s holdings in Exxon Mobil were worth $2,267,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in XOM. Fairscale Capital LLC bought a new position in Exxon Mobil in the second quarter valued at approximately $39,000. Hershey Financial Advisers LLC bought a new stake in Exxon Mobil in the 2nd quarter valued at $46,000. Peterson Financial Group Inc. acquired a new position in Exxon Mobil in the 3rd quarter worth $51,000. Highline Wealth Partners LLC bought a new position in Exxon Mobil during the 3rd quarter worth about $54,000. Finally, Harbor Capital Advisors Inc. acquired a new stake in shares of Exxon Mobil in the 3rd quarter valued at about $63,000. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Performance

XOM opened at $112.37 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. The stock has a market cap of $493.89 billion, a price-to-earnings ratio of 13.99, a PEG ratio of 2.70 and a beta of 0.91. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $126.34. The business has a 50 day moving average of $112.56 and a 200-day moving average of $115.50.

Exxon Mobil (NYSE:XOMGet Free Report) last released its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, beating the consensus estimate of $1.91 by $0.01. The firm 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 quarterly revenue was down .8% on a year-over-year basis. During the same period in the previous year, the company earned $2.27 earnings per share. On average, equities research analysts expect that Exxon Mobil Co. will post 7.86 earnings per share for the current year.

Exxon Mobil Increases Dividend

The business 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 of this dividend was Thursday, November 14th. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 annualized dividend and a yield of 3.52%. Exxon Mobil’s dividend payout ratio (DPR) is 49.32%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on XOM shares. Mizuho reduced their price objective on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating for the company in a research report on Monday, December 16th. Wells Fargo & Company raised 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. Piper Sandler cut their price objective on shares of Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating on the stock in a research report on Thursday, December 19th. The Goldman Sachs Group raised their target price on shares of Exxon Mobil from $118.00 to $120.00 in a research report on Thursday, October 31st. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating for the company in a research note on Monday, December 16th. One 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 company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $128.84.

Read Our Latest Stock Analysis on XOM

Exxon Mobil Profile

(Free Report)

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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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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