Exxon Mobil Co. (NYSE:XOM) Shares Purchased by Fiduciary Financial Group LLC

Fiduciary Financial Group LLC boosted its position in shares of Exxon Mobil Co. (NYSE:XOM) by 33.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 6,800 shares of the oil and gas company’s stock after acquiring an additional 1,689 shares during the quarter. Fiduciary Financial Group LLC’s holdings in Exxon Mobil were worth $725,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in XOM. Global Wealth Management Investment Advisory Inc. boosted its position in Exxon Mobil by 10.7% in the third quarter. Global Wealth Management Investment Advisory Inc. now owns 47,195 shares of the oil and gas company’s stock valued at $5,532,000 after buying an additional 4,578 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in shares of Exxon Mobil by 79.4% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 859,226 shares of the oil and gas company’s stock valued at $98,914,000 after acquiring an additional 380,399 shares during the last quarter. Blair William & Co. IL boosted its holdings in shares of Exxon Mobil by 64.6% in the 2nd quarter. Blair William & Co. IL now owns 967,618 shares of the oil and gas company’s stock valued at $111,392,000 after acquiring an additional 379,747 shares during the last quarter. Massmutual Trust Co. FSB ADV raised its holdings in shares of Exxon Mobil by 4.7% during the third quarter. Massmutual Trust Co. FSB ADV now owns 133,140 shares of the oil and gas company’s stock worth $15,607,000 after purchasing an additional 5,985 shares during the last quarter. Finally, Brooklyn Investment Group lifted its position in Exxon Mobil by 36.8% during the third quarter. Brooklyn Investment Group now owns 25,127 shares of the oil and gas company’s stock valued at $2,945,000 after purchasing an additional 6,753 shares during the period. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on XOM. The Goldman Sachs Group increased their price target on Exxon Mobil from $118.00 to $120.00 in a research report on Thursday, October 31st. Barclays cut their target price on shares of Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating for the company in a report on Thursday, October 3rd. BMO Capital Markets increased their price target on shares of Exxon Mobil from $127.00 to $130.00 and gave the stock a “market perform” rating in a report on Friday, October 4th. Piper Sandler cut their price objective 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, Wolfe Research increased their target price on shares of Exxon Mobil from $137.00 to $138.00 in a research note on Thursday, October 31st. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $128.84.

Exxon Mobil Trading Up 0.4 %

Shares of XOM stock opened at $109.68 on Wednesday. Exxon Mobil Co. has a fifty-two week low of $95.77 and a fifty-two week high of $126.34. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.35. The stock’s fifty day moving average is $113.12 and its two-hundred day moving average is $115.58. The firm has a market capitalization of $482.05 billion, a P/E ratio of 13.66, a PEG ratio of 4.65 and a beta of 0.91.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, topping the consensus estimate of $1.91 by $0.01. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The firm had revenue of $90.02 billion for the quarter, compared to the consensus estimate of $93.98 billion. During the same period last year, the firm posted $2.27 earnings per share. The company’s revenue for the quarter was down .8% on a year-over-year basis. Research analysts expect that Exxon Mobil Co. will post 7.95 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th were issued a dividend of $0.99 per share. 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 3.61%. The ex-dividend date of this dividend was Thursday, November 14th. Exxon Mobil’s payout ratio is currently 49.32%.

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.