Watts Gwilliam & Co. LLC Has $1.46 Million Stock Position in Exxon Mobil Co. (NYSE:XOM)

Watts Gwilliam & Co. LLC boosted its holdings in Exxon Mobil Co. (NYSE:XOM) by 3.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 13,407 shares of the oil and gas company’s stock after purchasing an additional 461 shares during the quarter. Watts Gwilliam & Co. LLC’s holdings in Exxon Mobil were worth $1,458,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in XOM. Fairway Wealth LLC acquired a new position in Exxon Mobil during the 2nd quarter worth approximately $35,000. Fairscale Capital LLC bought a new stake in shares of Exxon Mobil during the second quarter valued at approximately $39,000. Hershey Financial Advisers LLC acquired a new position in shares of Exxon Mobil during the second quarter worth approximately $46,000. Peterson Financial Group Inc. acquired a new stake in Exxon Mobil in the 3rd quarter valued at $51,000. Finally, Highline Wealth Partners LLC bought a new stake in Exxon Mobil during the 3rd quarter valued at $54,000. 61.80% of the stock is owned by institutional investors and hedge funds.

Exxon Mobil Trading Down 1.8 %

Shares of XOM stock opened at $106.83 on Friday. 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 firm has a market cap of $469.53 billion, a P/E ratio of 13.30, a PEG ratio of 4.65 and a beta of 0.91. The company has a 50 day moving average of $113.66 and a 200-day moving average of $115.69. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $126.34.

Exxon Mobil (NYSE:XOM) last released 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. The business had revenue of $90.02 billion during the quarter, compared to the consensus estimate of $93.98 billion. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The business’s revenue for the quarter was down .8% on a year-over-year basis. During the same period last year, the business posted $2.27 earnings per share. Sell-side analysts anticipate that Exxon Mobil Co. will post 7.95 earnings per share 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 given a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 3.71%. The ex-dividend date of this dividend 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 (DPR) is currently 49.32%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. TD Cowen dropped their price objective on shares of Exxon Mobil from $132.00 to $128.00 and set a “buy” rating on the stock in a research note on Monday, December 16th. Truist Financial cut their price target on Exxon Mobil from $121.00 to $117.00 and set a “hold” rating for the company in a research note on Monday, September 30th. Barclays lowered their price objective on Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating for the company in a research note on Thursday, October 3rd. BNP Paribas cut Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 target price on the stock. in a research report on Wednesday, October 9th. Finally, Scotiabank raised Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and increased their price target for the company from $129.00 to $145.00 in a research report on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $128.74.

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.