Thrive Wealth Management LLC Has $1.26 Million Stake in Exxon Mobil Co. (NYSE:XOM)

Thrive Wealth Management LLC reduced its stake in Exxon Mobil Co. (NYSE:XOM) by 5.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 11,702 shares of the oil and gas company’s stock after selling 677 shares during the quarter. Thrive Wealth Management LLC’s holdings in Exxon Mobil were worth $1,259,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in XOM. Eagle Capital Management LLC increased its position in Exxon Mobil by 4.9% in the 2nd quarter. Eagle Capital Management LLC now owns 2,460 shares of the oil and gas company’s stock worth $283,000 after buying an additional 114 shares during the period. Kayne Anderson Rudnick Investment Management LLC increased its position 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 acquiring an additional 1,737 shares during the period. Certified Advisory Corp raised its stake in Exxon Mobil by 20.9% during the 2nd quarter. Certified Advisory Corp now owns 10,418 shares of the oil and gas company’s stock valued at $1,199,000 after purchasing an additional 1,799 shares during the last quarter. Interval Partners LP bought a new stake in Exxon Mobil in the 2nd quarter valued at $4,155,000. Finally, Resources Management Corp CT ADV grew its position in Exxon Mobil by 0.7% in the 2nd quarter. Resources Management Corp CT ADV now owns 56,828 shares of the oil and gas company’s stock worth $6,542,000 after purchasing an additional 368 shares during the last quarter. Institutional investors own 61.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on XOM. Truist Financial increased their target price on shares of Exxon Mobil from $117.00 to $119.00 and gave the company a “hold” rating in a research note on Monday, January 13th. Redburn Atlantic reissued a “neutral” rating and set a $120.00 price objective (up previously from $119.00) on shares of Exxon Mobil in a report on Tuesday, September 24th. Royal Bank of Canada restated a “sector perform” rating and issued a $115.00 target price on shares of Exxon Mobil in a research note on Thursday, December 12th. JPMorgan Chase & Co. decreased their price target on shares of Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating on the stock in a research note on Monday, December 16th. Finally, BMO Capital Markets increased 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. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Exxon Mobil presently has an average rating of “Moderate Buy” and an average target price of $128.84.

Exxon Mobil Stock Performance

Exxon Mobil stock opened at $111.52 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 stock has a market capitalization of $490.12 billion, a price-to-earnings ratio of 13.89, a P/E/G ratio of 3.01 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. The stock has a 50-day simple moving average of $112.40 and a 200 day simple moving average of $115.50.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results 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 business had revenue of $90.02 billion during the quarter, compared to analyst estimates of $93.98 billion. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. Exxon Mobil’s revenue for the quarter was down .8% compared to the same quarter last year. During the same quarter last year, the business posted $2.27 earnings per share. On average, research analysts anticipate that Exxon Mobil Co. will post 7.77 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Thursday, November 14th were issued a $0.99 dividend. This is a boost 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 yield of 3.55%. Exxon Mobil’s dividend payout ratio (DPR) 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.