High Net Worth Advisory Group LLC Acquires 541 Shares of Exxon Mobil Co. (NYSE:XOM)

High Net Worth Advisory Group LLC grew its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 1.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 31,219 shares of the oil and gas company’s stock after purchasing an additional 541 shares during the quarter. Exxon Mobil comprises about 0.9% of High Net Worth Advisory Group LLC’s investment portfolio, making the stock its 27th biggest position. High Net Worth Advisory Group LLC’s holdings in Exxon Mobil were worth $3,358,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Retirement Wealth Solutions LLC acquired a new stake in shares of Exxon Mobil in the fourth quarter worth about $46,000. Peterson Financial Group Inc. acquired a new position in shares of Exxon Mobil during the 3rd quarter valued at about $51,000. Highline Wealth Partners LLC bought a new position in shares of Exxon Mobil in the 3rd quarter valued at approximately $54,000. Harbor Capital Advisors Inc. acquired a new stake in Exxon Mobil in the 3rd quarter worth approximately $63,000. Finally, Annapolis Financial Services LLC boosted its position in Exxon Mobil by 284.9% during the third quarter. Annapolis Financial Services LLC now owns 766 shares of the oil and gas company’s stock worth $90,000 after purchasing an additional 567 shares during the period. Institutional investors and hedge funds own 61.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on XOM shares. Truist Financial boosted their price objective on shares of Exxon Mobil from $117.00 to $119.00 and gave the stock a “hold” rating in a research note on Monday, January 13th. Bank of America assumed coverage on shares of Exxon Mobil in a research report on Thursday, October 17th. They set a “neutral” rating and a $124.00 target price for the company. Mizuho dropped their price objective on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating on the stock in a research note on Monday, December 16th. Morgan Stanley decreased their target price on Exxon Mobil from $142.00 to $140.00 in a research note on Thursday, October 31st. Finally, Wolfe Research lifted their price target on Exxon Mobil from $137.00 to $138.00 in a research report on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Exxon Mobil has an average rating of “Moderate Buy” and an average target price of $128.84.

Exxon Mobil Stock Down 2.0 %

Shares of XOM opened at $107.99 on Wednesday. The company has a quick ratio of 1.01, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. The company has a 50-day moving average price of $111.35 and a two-hundred day moving average price of $115.41. The stock has a market cap of $474.64 billion, a price-to-earnings ratio of 13.45, a P/E/G ratio of 2.86 and a beta of 0.91. Exxon Mobil Co. has a 12 month low of $100.42 and a 12 month high of $126.34.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 EPS 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 analyst estimates of $93.98 billion. During the same quarter in the previous year, the firm earned $2.27 EPS. Exxon Mobil’s quarterly revenue was down .8% on a year-over-year basis. Equities analysts predict that Exxon Mobil Co. will post 7.77 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 issued a $0.99 dividend. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date was Thursday, November 14th. This represents a $3.96 annualized dividend and a dividend yield of 3.67%. Exxon Mobil’s dividend payout ratio is presently 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.