JGP Wealth Management LLC Boosts Holdings in Exxon Mobil Co. (NYSE:XOM)

JGP Wealth Management LLC raised its stake in Exxon Mobil Co. (NYSE:XOM) by 5.2% during the fourth quarter, Holdings Channel reports. The fund owned 16,941 shares of the oil and gas company’s stock after buying an additional 832 shares during the period. JGP Wealth Management LLC’s holdings in Exxon Mobil were worth $1,822,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Eagle Capital Management LLC increased its stake in shares of Exxon Mobil by 4.9% in the second quarter. Eagle Capital Management LLC now owns 2,460 shares of the oil and gas company’s stock worth $283,000 after purchasing an additional 114 shares in the last quarter. Gardner Lewis Asset Management L P purchased a new position in Exxon Mobil in the 2nd quarter valued at approximately $9,023,000. Carolinas Wealth Consulting LLC grew its stake in Exxon Mobil by 71.3% in the 2nd quarter. Carolinas Wealth Consulting LLC now owns 8,204 shares of the oil and gas company’s stock valued at $944,000 after buying an additional 3,415 shares in the last quarter. Paces Ferry Wealth Advisors LLC raised its holdings in Exxon Mobil by 18.7% during the 2nd quarter. Paces Ferry Wealth Advisors LLC now owns 4,887 shares of the oil and gas company’s stock valued at $563,000 after acquiring an additional 770 shares during the period. Finally, Kentucky Retirement Systems lifted its position in shares of Exxon Mobil by 12.1% during the second quarter. Kentucky Retirement Systems now owns 338,043 shares of the oil and gas company’s stock worth $38,916,000 after acquiring an additional 36,474 shares in the last quarter. 61.80% of the stock is owned by institutional investors.

Exxon Mobil Stock Performance

NYSE:XOM opened at $112.37 on Friday. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $126.34. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01. The business has a 50 day moving average of $112.73 and a 200 day moving average of $115.52. The company has a market capitalization of $493.89 billion, a price-to-earnings ratio of 13.99, a PEG ratio of 2.70 and a beta of 0.91.

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 (EPS) for the quarter, beating analysts’ consensus estimates of $1.91 by $0.01. The company had revenue of $90.02 billion during the quarter, compared to analysts’ expectations 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 was down .8% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.27 EPS. On average, sell-side analysts predict that Exxon Mobil Co. will post 7.86 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th were paid a dividend of $0.99 per share. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.52%. The ex-dividend date was Thursday, November 14th. Exxon Mobil’s dividend payout ratio (DPR) is 49.32%.

Analysts Set New Price Targets

XOM has been the topic of a number of analyst reports. Barclays decreased their price objective on Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating on the stock in a research note on Thursday, October 3rd. UBS Group lowered their price target on shares of Exxon Mobil from $149.00 to $147.00 and set a “buy” rating on the stock in a report on Thursday, December 12th. BNP Paribas lowered shares of Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price objective for the company. in a research report on Wednesday, October 9th. Mizuho decreased their target price on shares of Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating on the stock in a report on Monday, December 16th. Finally, Piper Sandler cut their price target on shares of Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating for the company in a report on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Exxon Mobil currently has an average rating of “Moderate Buy” and an average price target of $128.84.

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.