Echo45 Advisors LLC Has $212,000 Position in Exxon Mobil Co. (NYSE:XOM)

Echo45 Advisors LLC grew its holdings in Exxon Mobil Co. (NYSE:XOM) by 9.4% during the fourth quarter, Holdings Channel reports. The firm owned 1,970 shares of the oil and gas company’s stock after acquiring an additional 170 shares during the quarter. Echo45 Advisors LLC’s holdings in Exxon Mobil were worth $212,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in XOM. Global Wealth Management Investment Advisory Inc. grew its stake in shares of Exxon Mobil by 10.7% in the 3rd quarter. Global Wealth Management Investment Advisory Inc. now owns 47,195 shares of the oil and gas company’s stock valued at $5,532,000 after buying an additional 4,578 shares during the period. Massmutual Trust Co. FSB ADV boosted its holdings in Exxon Mobil by 4.7% in the third quarter. Massmutual Trust Co. FSB ADV now owns 133,140 shares of the oil and gas company’s stock worth $15,607,000 after acquiring an additional 5,985 shares in the last quarter. Helen Stephens Group LLC grew its stake in Exxon Mobil by 7.3% in the fourth quarter. Helen Stephens Group LLC now owns 41,637 shares of the oil and gas company’s stock valued at $4,479,000 after acquiring an additional 2,825 shares during the period. Brooklyn Investment Group increased its holdings in shares of Exxon Mobil by 36.8% during the third quarter. Brooklyn Investment Group now owns 25,127 shares of the oil and gas company’s stock valued at $2,945,000 after acquiring an additional 6,753 shares in the last quarter. Finally, Parthenon LLC raised its position in shares of Exxon Mobil by 2.4% during the third quarter. Parthenon LLC now owns 191,590 shares of the oil and gas company’s stock worth $22,458,000 after purchasing an additional 4,445 shares during the period. Institutional investors own 61.80% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Piper Sandler lowered their price objective on shares of Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating on the stock in a report on Thursday, December 19th. JPMorgan Chase & Co. dropped 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 report on Monday, December 16th. Wolfe Research boosted their price objective on Exxon Mobil from $137.00 to $138.00 in a report on Thursday, October 31st. Morgan Stanley dropped their target price on Exxon Mobil from $142.00 to $140.00 in a report on Thursday, October 31st. Finally, Barclays decreased 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 analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $128.84.

Exxon Mobil Stock Down 1.4 %

Shares of NYSE XOM opened at $108.64 on Friday. The business’s fifty day moving average price is $111.56 and its 200-day moving average price is $115.38. Exxon Mobil Co. has a one year low of $99.61 and a one year high of $126.34. The stock has a market capitalization of $477.48 billion, a PE ratio of 13.53, a P/E/G ratio of 2.86 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 (NYSE:XOM) last issued its earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share 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 during the quarter, compared to analyst estimates of $93.98 billion. During the same quarter last year, the business earned $2.27 earnings per share. The company’s quarterly revenue was down .8% on a year-over-year basis. On average, equities research analysts anticipate that Exxon Mobil Co. will post 7.77 EPS for the current 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 dividend of $0.99 per share. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. 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 3.65%. Exxon Mobil’s payout ratio is presently 49.32%.

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.