Constitution Capital LLC lifted its holdings in shares of Exxon Mobil Co. (NYSE:XOM – Free Report) by 95.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,505 shares of the oil and gas company’s stock after purchasing an additional 4,160 shares during the quarter. Constitution Capital LLC’s holdings in Exxon Mobil were worth $915,000 at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of XOM. Central Valley Advisors LLC increased its holdings in shares of Exxon Mobil by 5.9% in the 4th quarter. Central Valley Advisors LLC now owns 6,860 shares of the oil and gas company’s stock worth $738,000 after buying an additional 384 shares during the last quarter. Werlinich Asset Management LLC grew its position in Exxon Mobil by 4.2% in the fourth quarter. Werlinich Asset Management LLC now owns 2,737 shares of the oil and gas company’s stock worth $289,000 after acquiring an additional 110 shares in the last quarter. Cohen Investment Advisors LLC increased its stake in Exxon Mobil by 1.5% in the fourth quarter. Cohen Investment Advisors LLC now owns 32,051 shares of the oil and gas company’s stock valued at $3,448,000 after acquiring an additional 464 shares during the last quarter. Ullmann Wealth Partners Group LLC raised its position in Exxon Mobil by 5.2% during the fourth quarter. Ullmann Wealth Partners Group LLC now owns 8,343 shares of the oil and gas company’s stock valued at $897,000 after purchasing an additional 410 shares in the last quarter. Finally, Fermata Advisors LLC lifted its stake in Exxon Mobil by 4.5% during the fourth quarter. Fermata Advisors LLC now owns 8,116 shares of the oil and gas company’s stock worth $873,000 after purchasing an additional 348 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors.
Exxon Mobil Stock Performance
Shares of XOM stock opened at $112.37 on Friday. The firm has a market capitalization of $493.89 billion, a price-to-earnings ratio of 13.99, a PEG ratio of 2.70 and a beta of 0.91. The stock has a fifty day moving average of $112.73 and a 200 day moving average of $115.52. Exxon Mobil Co. has a 52 week low of $95.77 and a 52 week high of $126.34. The company has a quick ratio of 1.01, a current ratio of 1.35 and a debt-to-equity ratio of 0.13.
Exxon Mobil Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th were issued a dividend of $0.99 per share. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date was Thursday, November 14th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.52%. Exxon Mobil’s dividend payout ratio is 49.32%.
Analyst Ratings Changes
A number of brokerages recently weighed in on XOM. Scotiabank raised Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and raised their price objective for the company from $129.00 to $145.00 in a report on Thursday, October 10th. BNP Paribas lowered shares of Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price objective for the company. in a report on Wednesday, October 9th. BMO Capital Markets upped 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. Mizuho decreased their target price on shares of Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating on the stock in a research report on Monday, December 16th. Finally, Morgan Stanley cut their price target on shares of Exxon Mobil from $142.00 to $140.00 in a research report on Thursday, October 31st. One analyst has rated the stock with a sell rating, seven have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $128.84.
Read Our Latest Report on Exxon Mobil
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.
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