McLean Asset Management Corp Boosts Stock Position in Exxon Mobil Co. (NYSE:XOM)

McLean Asset Management Corp grew its position in Exxon Mobil Co. (NYSE:XOM) by 66.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 9,264 shares of the oil and gas company’s stock after purchasing an additional 3,686 shares during the period. McLean Asset Management Corp’s holdings in Exxon Mobil were worth $997,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Quarry LP purchased a new stake in Exxon Mobil in the second quarter valued at $133,000. Granite Bay Wealth Management LLC lifted its holdings in shares of Exxon Mobil by 45.1% in the 2nd quarter. Granite Bay Wealth Management LLC now owns 3,958 shares of the oil and gas company’s stock valued at $456,000 after buying an additional 1,231 shares during the period. Souders Financial Advisors boosted its stake in shares of Exxon Mobil by 5.6% in the second quarter. Souders Financial Advisors now owns 4,305 shares of the oil and gas company’s stock worth $496,000 after buying an additional 230 shares during the last quarter. Gibson Wealth Advisors LLC raised its position in Exxon Mobil by 5.4% during the second quarter. Gibson Wealth Advisors LLC now owns 21,315 shares of the oil and gas company’s stock valued at $2,454,000 after acquiring an additional 1,094 shares in the last quarter. Finally, RiverFront Investment Group LLC lifted its holdings in Exxon Mobil by 18.2% in the second quarter. RiverFront Investment Group LLC now owns 111,860 shares of the oil and gas company’s stock valued at $12,877,000 after acquiring an additional 17,188 shares during the period. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Exxon Mobil Stock Up 0.6 %

XOM stock opened at $108.69 on Thursday. The company has a market cap of $477.69 billion, a price-to-earnings ratio of 13.54, a PEG ratio of 2.86 and a beta of 0.91. The firm has a 50-day moving average of $111.14 and a two-hundred day moving average of $115.38. Exxon Mobil Co. has a 12 month low of $100.42 and a 12 month high of $126.34. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $93.98 billion. During the same quarter in the prior year, the firm posted $2.27 earnings per share. Exxon Mobil’s quarterly revenue was down .8% on a year-over-year basis. As a group, analysts forecast that Exxon Mobil Co. will post 7.77 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Thursday, November 14th were given a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.64%. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date was Thursday, November 14th. Exxon Mobil’s dividend payout ratio (DPR) is presently 49.32%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on XOM shares. The Goldman Sachs Group lifted their target price on shares of Exxon Mobil from $118.00 to $120.00 in a report on Thursday, October 31st. 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. JPMorgan Chase & Co. dropped their target price on Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating on the stock in a research report on Monday, December 16th. Mizuho lowered their price target on 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, Wolfe Research boosted their price objective on Exxon Mobil from $137.00 to $138.00 in a research report on Thursday, October 31st. One analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Exxon Mobil presently has an average rating of “Moderate Buy” and an average price target of $128.84.

Exxon Mobil Company 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.