Legacy Financial Group LLC Makes New Investment in Exxon Mobil Co. (NYSE:XOM)

Legacy Financial Group LLC bought a new position in Exxon Mobil Co. (NYSE:XOM) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 3,757 shares of the oil and gas company’s stock, valued at approximately $404,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Peak Financial Management Inc. increased its position in shares of Exxon Mobil by 16.0% in the 4th quarter. Peak Financial Management Inc. now owns 4,813 shares of the oil and gas company’s stock worth $518,000 after purchasing an additional 665 shares during the last quarter. TI Trust Inc. increased its position in shares of Exxon Mobil by 0.4% in the 4th quarter. TI Trust Inc. now owns 23,774 shares of the oil and gas company’s stock worth $2,557,000 after purchasing an additional 100 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its position in shares of Exxon Mobil by 10.2% in the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 74,223 shares of the oil and gas company’s stock worth $7,984,000 after purchasing an additional 6,872 shares during the last quarter. High Net Worth Advisory Group LLC increased its position in shares of Exxon Mobil by 1.8% in the 4th quarter. High Net Worth Advisory Group LLC now owns 31,219 shares of the oil and gas company’s stock worth $3,358,000 after purchasing an additional 541 shares during the last quarter. Finally, OLIO Financial Planning bought a new stake in shares of Exxon Mobil in the 4th quarter worth about $396,000. Institutional investors own 61.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on XOM shares. Morgan Stanley dropped their target price on shares of Exxon Mobil from $142.00 to $140.00 in a research report on Thursday, October 31st. Bank of America started coverage on shares of Exxon Mobil in a research note on Thursday, October 17th. They set a “neutral” rating and a $124.00 price objective on the stock. Royal Bank of Canada reiterated a “sector perform” rating and set a $115.00 price objective on shares of Exxon Mobil in a research note on Thursday, December 12th. Mizuho dropped their price objective on shares of Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating on the stock in a research note on Monday, December 16th. Finally, Piper Sandler dropped 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 note on Thursday, December 19th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $128.84.

Exxon Mobil Trading Down 2.0 %

Exxon Mobil stock opened at $107.99 on Wednesday. The firm has a 50 day simple moving average of $111.35 and a 200-day simple moving average of $115.41. 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 stock has a market capitalization of $474.64 billion, a PE ratio of 13.45, a price-to-earnings-growth ratio of 2.86 and a beta of 0.91. Exxon Mobil Co. has a 12-month low of $100.42 and a 12-month high of $126.34.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data 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. The business had revenue of $90.02 billion during the quarter, compared to analysts’ expectations of $93.98 billion. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The business’s revenue was down .8% on a year-over-year basis. During the same period last year, the firm posted $2.27 earnings per share. As a group, equities research analysts expect that Exxon Mobil Co. will post 7.77 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th were issued a $0.99 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 annualized dividend and a dividend yield of 3.67%. Exxon Mobil’s dividend payout ratio (DPR) is 49.32%.

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.