Perfromance Wealth Partners LLC Takes Position in Exxon Mobil Co. (NYSE:XOM)

Perfromance Wealth Partners LLC purchased a new stake in shares of Exxon Mobil Co. (NYSE:XOM) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 2,193 shares of the oil and gas company’s stock, valued at approximately $236,000.

A number of other large investors have also recently modified their holdings of the business. Roberts Wealth Advisors LLC boosted its position in shares of Exxon Mobil by 3.6% during the 4th quarter. Roberts Wealth Advisors LLC now owns 19,269 shares of the oil and gas company’s stock valued at $2,149,000 after acquiring an additional 675 shares during the last quarter. Fort Washington Investment Advisors Inc. OH boosted its position in shares of Exxon Mobil by 4.3% during the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 2,036,668 shares of the oil and gas company’s stock valued at $219,084,000 after acquiring an additional 83,539 shares during the last quarter. Transform Wealth LLC boosted its position in shares of Exxon Mobil by 15.3% during the 4th quarter. Transform Wealth LLC now owns 153,532 shares of the oil and gas company’s stock valued at $16,515,000 after acquiring an additional 20,373 shares during the last quarter. Lockerman Financial Group Inc. boosted its position in shares of Exxon Mobil by 6.3% during the 4th quarter. Lockerman Financial Group Inc. now owns 3,902 shares of the oil and gas company’s stock valued at $420,000 after acquiring an additional 231 shares during the last quarter. Finally, Charles Schwab Trust Co boosted its position in shares of Exxon Mobil by 13.1% during the 4th quarter. Charles Schwab Trust Co now owns 25,981 shares of the oil and gas company’s stock valued at $2,795,000 after acquiring an additional 3,010 shares during the last quarter. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Price Performance

XOM opened at $110.12 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.35. Exxon Mobil Co. has a 52-week low of $97.74 and a 52-week high of $126.34. The stock has a market capitalization of $483.97 billion, a PE ratio of 13.71, a price-to-earnings-growth ratio of 2.93 and a beta of 0.91. The stock’s 50 day moving average price is $111.98 and its 200-day moving average price is $115.44.

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

Exxon Mobil Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Thursday, November 14th were given a dividend of $0.99 per share. The ex-dividend date was Thursday, November 14th. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 annualized dividend and a dividend yield of 3.60%. Exxon Mobil’s payout ratio is currently 49.32%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. UBS Group dropped their target price on Exxon Mobil from $149.00 to $147.00 and set a “buy” rating for the company in a research report on Thursday, December 12th. Scotiabank upgraded Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and boosted their target price for the stock from $129.00 to $145.00 in a research report on Thursday, October 10th. Piper Sandler dropped their target price on Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating for the company in a research report on Thursday, December 19th. BNP Paribas downgraded Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 target price for the company. in a research report on Wednesday, October 9th. Finally, Truist Financial boosted their target price on Exxon Mobil from $117.00 to $119.00 and gave the stock a “hold” rating in a research report on Monday, January 13th. 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 stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $128.84.

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.