Golden State Equity Partners Has $2.23 Million Stock Position in Exxon Mobil Co. (NYSE:XOM)

Golden State Equity Partners lifted its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 140.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 20,723 shares of the oil and gas company’s stock after acquiring an additional 12,118 shares during the quarter. Golden State Equity Partners’ holdings in Exxon Mobil were worth $2,229,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of XOM. Retirement Wealth Solutions LLC acquired a new position in shares of Exxon Mobil during the fourth quarter worth $46,000. Peterson Financial Group Inc. acquired a new position in 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. Harbor Capital Advisors Inc. acquired a new position in Exxon Mobil in the third quarter valued at $63,000. Finally, Annapolis Financial Services LLC lifted its holdings in Exxon Mobil by 284.9% in the third quarter. Annapolis Financial Services LLC now owns 766 shares of the oil and gas company’s stock valued at $90,000 after buying an additional 567 shares during the period. Institutional investors and hedge funds own 61.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on XOM. Truist Financial boosted their target price on shares of Exxon Mobil from $117.00 to $119.00 and gave the company a “hold” rating in a report on Monday, January 13th. Piper Sandler dropped their target price on shares of Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating on the stock in a report on Thursday, December 19th. BMO Capital Markets dropped their target price on shares of Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating on the stock in a report on Friday, January 31st. Bernstein Bank lifted their price target on shares of Exxon Mobil from $138.00 to $144.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Finally, Morgan Stanley increased their price objective on shares of Exxon Mobil from $139.00 to $140.00 in a research report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $129.25.

Exxon Mobil Trading Up 2.7 %

NYSE:XOM opened at $109.95 on Wednesday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. The firm has a market cap of $483.22 billion, a price-to-earnings ratio of 14.02, a price-to-earnings-growth ratio of 2.79 and a beta of 0.89. Exxon Mobil Co. has a 52 week low of $100.42 and a 52 week high of $126.34. The firm has a 50-day moving average price of $110.10 and a two-hundred day moving average price of $115.13.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 EPS for the quarter, missing the consensus estimate of $1.77 by ($0.10). Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. During the same quarter in the previous year, the business posted $2.48 earnings per share. On average, equities analysts expect that Exxon Mobil Co. will post 7.65 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th will be given a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.60%. The ex-dividend date of this dividend is Wednesday, February 12th. Exxon Mobil’s dividend payout ratio is currently 50.51%.

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.