Global Wealth Strategies & Associates Acquires 519 Shares of Exxon Mobil Co. (NYSE:XOM)

Global Wealth Strategies & Associates raised its stake in Exxon Mobil Co. (NYSE:XOM) by 23.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,717 shares of the oil and gas company’s stock after acquiring an additional 519 shares during the period. Global Wealth Strategies & Associates’ holdings in Exxon Mobil were worth $292,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Fairway Wealth LLC bought a new stake in Exxon Mobil in the second quarter worth about $35,000. Fairscale Capital LLC acquired a new stake in Exxon Mobil during the 2nd quarter worth about $39,000. Hershey Financial Advisers LLC acquired a new stake in shares of Exxon Mobil in the second quarter worth $46,000. Peterson Financial Group Inc. acquired a new position in Exxon Mobil in the third quarter valued at approximately $51,000. Finally, Highline Wealth Partners LLC purchased a new position in Exxon Mobil during the third quarter worth approximately $54,000. 61.80% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Stock Down 0.4 %

XOM traded down $0.45 during mid-day trading on Thursday, reaching $107.12. 6,808,643 shares of the stock were exchanged, compared to its average volume of 16,304,336. The company has a 50 day moving average price of $114.94 and a two-hundred day moving average price of $115.83. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $126.34. The stock has a market capitalization of $470.80 billion, a PE ratio of 13.34, a price-to-earnings-growth ratio of 4.65 and a beta of 0.89. 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 announced its quarterly earnings data 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. The company 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%. The firm’s revenue for the quarter was down .8% on a year-over-year basis. During the same period in the previous year, the business earned $2.27 EPS. As a group, research analysts anticipate that Exxon Mobil Co. will post 7.95 EPS for the current year.

Exxon Mobil Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th were paid a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 3.70%. The ex-dividend date was Thursday, November 14th. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s dividend payout ratio is 49.32%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on XOM shares. Wolfe Research upped their price target on Exxon Mobil from $137.00 to $138.00 in a research note on Thursday, October 31st. Royal Bank of Canada reissued a “sector perform” rating and issued a $115.00 target price on shares of Exxon Mobil in a report on Thursday, December 12th. JPMorgan Chase & Co. lowered 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. Redburn Atlantic reiterated a “neutral” rating and set a $120.00 price objective (up previously from $119.00) on shares of Exxon Mobil in a research report on Tuesday, September 24th. Finally, Truist Financial reduced their price target on shares of Exxon Mobil from $121.00 to $117.00 and set a “hold” rating on the stock in a research report on Monday, September 30th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $128.74.

Exxon Mobil 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.