Diligent Investors LLC bought a new stake in Exxon Mobil Co. (NYSE:XOM) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 5,933 shares of the oil and gas company’s stock, valued at approximately $245,000.
Several other hedge funds have also modified their holdings of the business. Horan Securities Inc. boosted its holdings in shares of Exxon Mobil by 110.6% during the 4th quarter. Horan Securities Inc. now owns 596 shares of the oil and gas company’s stock valued at $25,000 after acquiring an additional 313 shares in the last quarter. Clark Financial Advisors acquired a new stake in shares of Exxon Mobil during the 4th quarter valued at $28,000. Bellwether Advisors LLC acquired a new stake in shares of Exxon Mobil during the 4th quarter valued at $32,000. Professional Financial Advisors LLC acquired a new stake in shares of Exxon Mobil during the 3rd quarter valued at $34,000. Finally, Holloway Wealth Management LLC acquired a new stake in shares of Exxon Mobil during the 3rd quarter valued at $38,000. 50.90% of the stock is currently owned by hedge funds and other institutional investors.
Several research firms recently weighed in on XOM. Mizuho began coverage on Exxon Mobil in a report on Tuesday, January 12th. They set a “neutral” rating and a $49.00 price objective on the stock. Wells Fargo & Company raised Exxon Mobil from an “equal weight” rating to an “overweight” rating and set a $53.00 price objective on the stock in a report on Tuesday, December 15th. Smith Barney Citigroup raised their target price on Exxon Mobil from $33.00 to $39.00 in a research report on Wednesday, December 9th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell raised their target price on Exxon Mobil from $33.00 to $39.00 in a research report on Wednesday, December 9th. Finally, Evercore ISI started coverage on Exxon Mobil in a research report on Tuesday. They set an “inline” rating and a $48.00 target price for the company. Four research analysts have rated the stock with a sell rating, sixteen have given a hold rating and eight have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $48.64.
Exxon Mobil (NYSE:XOM) last issued its earnings results on Monday, February 1st. The oil and gas company reported $0.03 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.02. Exxon Mobil had a return on equity of 2.09% and a net margin of 3.24%. The business had revenue of $46.54 billion during the quarter, compared to analyst estimates of $48.76 billion. During the same period in the previous year, the company posted $1.33 EPS. The firm’s revenue was down 30.7% compared to the same quarter last year. On average, sell-side analysts expect that Exxon Mobil Co. will post -0.52 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 10th. Investors of record on Wednesday, February 10th will be given a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a yield of 6.41%. The ex-dividend date is Tuesday, February 9th. Exxon Mobil’s payout ratio is 154.67%.
Exxon Mobil Profile
Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, petroleum products, and other specialty products; and manufactures and markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.
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