Annex Advisory Services LLC Raises Position in Exxon Mobil Co. (NYSE:XOM)

Annex Advisory Services LLC raised its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 24.9% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 16,513 shares of the oil and gas company’s stock after acquiring an additional 3,287 shares during the period. Annex Advisory Services LLC’s holdings in Exxon Mobil were worth $1,776,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Eagle Capital Management LLC lifted its holdings in shares of Exxon Mobil by 4.9% during the 2nd quarter. Eagle Capital Management LLC now owns 2,460 shares of the oil and gas company’s stock worth $283,000 after acquiring an additional 114 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its stake in Exxon Mobil by 21.6% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 9,765 shares of the oil and gas company’s stock worth $1,124,000 after purchasing an additional 1,737 shares during the last quarter. Fairscale Capital LLC purchased a new position in shares of Exxon Mobil in the 2nd quarter worth about $39,000. Commonwealth Financial Services LLC grew its holdings in shares of Exxon Mobil by 4.9% during the 2nd quarter. Commonwealth Financial Services LLC now owns 17,336 shares of the oil and gas company’s stock valued at $1,945,000 after purchasing an additional 809 shares during the last quarter. Finally, Certified Advisory Corp raised its position in Exxon Mobil by 20.9% in the 2nd quarter. Certified Advisory Corp now owns 10,418 shares of the oil and gas company’s stock worth $1,199,000 after purchasing an additional 1,799 shares during the period. 61.80% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

XOM has been the topic of a number of recent research reports. UBS Group reduced their price objective on Exxon Mobil from $149.00 to $147.00 and set a “buy” rating on the stock in a research note on Thursday, December 12th. Truist Financial raised their price target on Exxon Mobil from $117.00 to $119.00 and gave the stock a “hold” rating in a research report on Monday, January 13th. Wolfe Research increased their price objective on Exxon Mobil from $137.00 to $138.00 in a research note on Thursday, October 31st. 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 note on Monday, December 16th. Finally, Barclays dropped their price target on shares of Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating for the company in a research report on Thursday, October 3rd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Exxon Mobil has an average rating of “Moderate Buy” and a consensus target price of $128.84.

Exxon Mobil Trading Up 0.9 %

Shares of NYSE XOM opened at $112.37 on Tuesday. The stock has a market cap of $493.89 billion, a P/E ratio of 13.99, a price-to-earnings-growth ratio of 2.70 and a beta of 0.91. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $126.34. The firm has a 50-day moving average of $112.56 and a 200 day moving average of $115.51.

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 for the quarter, beating analysts’ consensus estimates of $1.91 by $0.01. The company had revenue of $90.02 billion during the quarter, compared to analyst estimates of $93.98 billion. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The firm’s revenue for the quarter was down .8% on a year-over-year basis. During the same quarter last year, the company earned $2.27 EPS. As a group, sell-side analysts expect that Exxon Mobil Co. will post 7.86 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th were paid a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 3.52%. The ex-dividend date was Thursday, November 14th. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s dividend 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.