XML Financial LLC Boosts Stock Position in Exxon Mobil Co. (NYSE:XOM)

XML Financial LLC boosted its stake in Exxon Mobil Co. (NYSE:XOM) by 1.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 48,284 shares of the oil and gas company’s stock after purchasing an additional 592 shares during the period. XML Financial LLC’s holdings in Exxon Mobil were worth $5,194,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of XOM. Hershey Financial Advisers LLC acquired a new position in shares of Exxon Mobil in the 2nd quarter worth approximately $46,000. Retirement Wealth Solutions LLC purchased a new position in shares of Exxon Mobil in the 4th quarter valued at about $46,000. Peterson Financial Group Inc. purchased a new position in shares of Exxon Mobil during the third quarter worth about $51,000. Highline Wealth Partners LLC acquired a new position in shares of Exxon Mobil in the 3rd quarter valued at $54,000. Finally, Harbor Capital Advisors Inc. purchased a new position in shares of Exxon Mobil in the 3rd quarter valued at approximately $63,000. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

XOM has been the subject of several recent analyst reports. BNP Paribas cut shares of Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price objective for the company. in a research note on Wednesday, October 9th. Barclays decreased their price target on Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating on the stock in a research note on Thursday, October 3rd. Piper Sandler dropped their price objective on shares of Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating for the company in a research report on Thursday, December 19th. 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. Finally, Morgan Stanley decreased their price target on shares of Exxon Mobil from $142.00 to $140.00 in a research report on Thursday, October 31st. One analyst has rated the stock with a sell rating, seven have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $128.84.

Exxon Mobil Trading Down 1.4 %

NYSE:XOM opened at $108.64 on Friday. Exxon Mobil Co. has a one year low of $99.61 and a one year high of $126.34. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01. The firm has a market capitalization of $477.48 billion, a P/E ratio of 13.53, a PEG ratio of 2.86 and a beta of 0.91. The company’s 50-day simple moving average is $111.77 and its 200 day simple moving average is $115.41.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, topping analysts’ consensus estimates of $1.91 by $0.01. The company had revenue of $90.02 billion for the quarter, compared to the consensus estimate of $93.98 billion. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The firm’s revenue for the quarter was down .8% on a year-over-year basis. During the same period in the previous year, the business earned $2.27 earnings per share. As a group, analysts forecast that Exxon Mobil Co. will post 7.77 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th were paid a $0.99 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.65%. Exxon Mobil’s payout ratio is currently 49.32%.

About Exxon Mobil

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.