Exxon Mobil Co. (NYSE:XOM) Shares Purchased by Park Place Capital Corp

Park Place Capital Corp lifted its position in shares of Exxon Mobil Co. (NYSE:XOM) by 1.9% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 16,133 shares of the oil and gas company’s stock after buying an additional 308 shares during the quarter. Park Place Capital Corp’s holdings in Exxon Mobil were worth $1,735,000 at the end of the most recent quarter.

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

Exxon Mobil Stock Performance

Exxon Mobil stock opened at $108.64 on Friday. Exxon Mobil Co. has a 12-month low of $99.61 and a 12-month 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 company has a market capitalization of $477.48 billion, a price-to-earnings ratio of 13.53, a price-to-earnings-growth ratio of 2.86 and a beta of 0.91. The firm’s fifty day moving average price is $111.77 and its 200 day moving average price is $115.41.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, topping 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 business had revenue of $90.02 billion for the quarter, compared to analysts’ expectations of $93.98 billion. During the same quarter in the previous year, the firm posted $2.27 earnings per share. The company’s revenue was down .8% compared to the same quarter last year. On average, research analysts forecast that Exxon Mobil Co. will post 7.77 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Thursday, November 14th were paid a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.65%. 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. Exxon Mobil’s payout ratio is 49.32%.

Wall Street Analyst Weigh In

XOM has been the subject of a number of research analyst reports. BNP Paribas downgraded 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. The Goldman Sachs Group increased their price target on shares of Exxon Mobil from $118.00 to $120.00 in a research note on Thursday, October 31st. BMO Capital Markets boosted their price objective on shares of Exxon Mobil from $127.00 to $130.00 and gave the company a “market perform” rating in a research note on Friday, October 4th. Piper Sandler cut their target price on Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating on the stock in a research report on Thursday, December 19th. Finally, UBS Group lowered their price target 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. One analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus 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.