Echo45 Advisors LLC Has $212,000 Holdings in Exxon Mobil Co. (NYSE:XOM)

Echo45 Advisors LLC grew its holdings in Exxon Mobil Co. (NYSE:XOM) by 9.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,970 shares of the oil and gas company’s stock after buying an additional 170 shares during the period. Echo45 Advisors LLC’s holdings in Exxon Mobil were worth $212,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in XOM. True North Advisors LLC lifted its position in Exxon Mobil by 32.4% during the fourth quarter. True North Advisors LLC now owns 51,135 shares of the oil and gas company’s stock worth $5,501,000 after acquiring an additional 12,504 shares during the last quarter. Janney Montgomery Scott LLC increased its stake in shares of Exxon Mobil by 4.3% during the fourth quarter. Janney Montgomery Scott LLC now owns 1,494,482 shares of the oil and gas company’s stock worth $160,762,000 after purchasing an additional 61,701 shares during the period. Phillips Wealth Planners LLC lifted its holdings in Exxon Mobil by 2.9% during the 4th quarter. Phillips Wealth Planners LLC now owns 6,810 shares of the oil and gas company’s stock worth $726,000 after purchasing an additional 193 shares during the last quarter. Kelleher Financial Advisors boosted its stake in Exxon Mobil by 5.1% in the 4th quarter. Kelleher Financial Advisors now owns 6,968 shares of the oil and gas company’s stock valued at $750,000 after purchasing an additional 339 shares during the period. Finally, Marino Stram & Associates LLC grew its stake in shares of Exxon Mobil by 0.6% in the fourth quarter. Marino Stram & Associates LLC now owns 20,344 shares of the oil and gas company’s stock valued at $2,188,000 after acquiring an additional 121 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Stock Down 1.4 %

Shares of NYSE XOM opened at $108.64 on Friday. Exxon Mobil Co. has a 1 year low of $99.61 and a 1 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 cap of $477.48 billion, a PE ratio of 13.53, a price-to-earnings-growth ratio of 2.86 and a beta of 0.91. The company has a 50 day simple moving average of $111.56 and a 200 day simple moving average of $115.38.

Exxon Mobil (NYSE:XOM) last issued its quarterly 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 analyst estimates of $93.98 billion. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. Exxon Mobil’s revenue was down .8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.27 earnings per share. On average, research analysts forecast that Exxon Mobil Co. will post 7.77 EPS for the current year.

Exxon Mobil Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Thursday, November 14th were paid a $0.99 dividend. 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%. The ex-dividend date was Thursday, November 14th. Exxon Mobil’s payout ratio is currently 49.32%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Wolfe Research increased their price target on Exxon Mobil from $137.00 to $138.00 in a research report on Thursday, October 31st. BMO Capital Markets upped their price objective on shares of Exxon Mobil from $127.00 to $130.00 and gave the stock a “market perform” rating in a research report on Friday, October 4th. Barclays decreased their target price on shares of Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating on the stock in a report on Thursday, October 3rd. Piper Sandler cut their price target on shares of Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating for the company in a report on Thursday, December 19th. Finally, Bank of America started coverage on shares of Exxon Mobil in a research report on Thursday, October 17th. They set a “neutral” rating and a $124.00 price target on the stock. One investment 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. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $128.84.

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.