Burney Co. Has $10.76 Million Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Burney Co. raised its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 0.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 99,997 shares of the oil and gas company’s stock after purchasing an additional 350 shares during the quarter. Burney Co.’s holdings in Exxon Mobil were worth $10,757,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Smith Anglin Financial LLC increased its holdings in shares of Exxon Mobil by 0.3% during the fourth quarter. Smith Anglin Financial LLC now owns 37,429 shares of the oil and gas company’s stock worth $4,026,000 after buying an additional 120 shares in the last quarter. Wiser Wealth Management Inc acquired a new stake in Exxon Mobil during the 4th quarter valued at $204,000. Founders Grove Wealth Partners LLC bought a new position in Exxon Mobil in the 4th quarter valued at $1,044,000. S.E.E.D. Planning Group LLC boosted its stake in Exxon Mobil by 15.6% in the fourth quarter. S.E.E.D. Planning Group LLC now owns 58,958 shares of the oil and gas company’s stock worth $6,342,000 after purchasing an additional 7,973 shares in the last quarter. Finally, Moseley Investment Management Inc. grew its holdings in shares of Exxon Mobil by 6.2% during the fourth quarter. Moseley Investment Management Inc. now owns 5,978 shares of the oil and gas company’s stock worth $643,000 after purchasing an additional 347 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Royal Bank of Canada reissued a “sector perform” rating and set a $115.00 price target on shares of Exxon Mobil in a research note on Thursday, December 12th. Piper Sandler lowered their target price on Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating for the company in a research note on Thursday, December 19th. JPMorgan Chase & Co. cut their price target on Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating on the stock in a research note on Monday, December 16th. The Goldman Sachs Group lifted their price objective on Exxon Mobil from $118.00 to $120.00 in a research report on Thursday, October 31st. Finally, Mizuho cut 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. One research analyst has rated the stock with a sell rating, seven have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $128.84.

Exxon Mobil Stock Performance

Shares of Exxon Mobil stock opened at $111.32 on Friday. The stock’s fifty day simple moving average is $112.93 and its 200 day simple moving average is $115.55. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $489.27 billion, a PE ratio of 13.86, a PEG ratio of 2.70 and a beta of 0.91. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $126.34.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, beating 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 business posted $2.27 EPS. Exxon Mobil’s revenue for the quarter was down .8% on a year-over-year basis. On average, research analysts predict that Exxon Mobil Co. will post 7.86 EPS for the current 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 given 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 of this dividend was Thursday, November 14th. This represents a $3.96 annualized dividend and a dividend yield of 3.56%. Exxon Mobil’s dividend payout ratio is currently 49.32%.

Exxon Mobil 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.