Exxon Mobil Co. (NYSE:XOM) Shares Bought by Charles Schwab Trust Co

Charles Schwab Trust Co grew its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 13.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 25,981 shares of the oil and gas company’s stock after purchasing an additional 3,010 shares during the period. Charles Schwab Trust Co’s holdings in Exxon Mobil were worth $2,795,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Vertex Planning Partners LLC grew its holdings in shares of Exxon Mobil by 3.1% in the 3rd quarter. Vertex Planning Partners LLC now owns 2,778 shares of the oil and gas company’s stock worth $326,000 after acquiring an additional 83 shares during the period. First Heartland Consultants Inc. grew its holdings in shares of Exxon Mobil by 0.9% in the 3rd quarter. First Heartland Consultants Inc. now owns 9,451 shares of the oil and gas company’s stock worth $1,108,000 after acquiring an additional 87 shares during the period. Latitude Advisors LLC lifted its stake in Exxon Mobil by 0.7% in the 3rd quarter. Latitude Advisors LLC now owns 13,378 shares of the oil and gas company’s stock valued at $1,568,000 after buying an additional 88 shares in the last quarter. Longfellow Investment Management Co. LLC lifted its stake in shares of Exxon Mobil by 0.6% during the 3rd quarter. Longfellow Investment Management Co. LLC now owns 14,537 shares of the oil and gas company’s stock worth $1,704,000 after purchasing an additional 88 shares during the period. Finally, West Oak Capital LLC lifted its stake in shares of Exxon Mobil by 0.6% during the 4th quarter. West Oak Capital LLC now owns 16,207 shares of the oil and gas company’s stock worth $1,743,000 after purchasing an additional 92 shares during the period. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Stock Up 0.5 %

NYSE:XOM opened at $110.12 on Friday. The company has a market capitalization of $483.97 billion, a price-to-earnings ratio of 13.71, a price-to-earnings-growth ratio of 2.93 and a beta of 0.91. Exxon Mobil Co. has a one year low of $97.74 and a one year high of $126.34. The stock has a 50-day simple moving average of $111.98 and a 200 day simple moving average of $115.44. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.35.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $93.98 billion. During the same quarter last year, the company posted $2.27 earnings per share. Exxon Mobil’s revenue was down .8% on a year-over-year basis. Sell-side analysts predict that Exxon Mobil Co. will post 7.77 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th were issued a $0.99 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $3.96 dividend on an annualized basis and a yield of 3.60%. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s dividend payout ratio (DPR) is currently 49.32%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Bank of America assumed coverage on Exxon Mobil in a research note on Thursday, October 17th. They set a “neutral” rating and a $124.00 price target on the stock. Morgan Stanley cut their target price on Exxon Mobil from $142.00 to $140.00 in a research report on Thursday, October 31st. Mizuho cut their target price 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. Truist Financial increased their target price on Exxon Mobil from $117.00 to $119.00 and gave the stock a “hold” rating in a research report on Monday, January 13th. Finally, Barclays lowered their price target on Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating for the company in a report on Thursday, October 3rd. One equities research 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 stock. Based on data from MarketBeat.com, Exxon Mobil has an average rating of “Moderate Buy” and an average target price of $128.84.

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.