Yarger Wealth Strategies LLC Has $295,000 Position in Exxon Mobil Co. (NYSE:XOM)

Yarger Wealth Strategies LLC grew its holdings in Exxon Mobil Co. (NYSE:XOM) by 35.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,742 shares of the oil and gas company’s stock after buying an additional 722 shares during the quarter. Yarger Wealth Strategies LLC’s holdings in Exxon Mobil were worth $295,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in XOM. Fairscale Capital LLC bought a new position in shares of Exxon Mobil in the second quarter worth about $39,000. Hershey Financial Advisers LLC bought a new position in Exxon Mobil in the 2nd quarter worth approximately $46,000. Peterson Financial Group Inc. acquired a new position in Exxon Mobil during the 3rd quarter worth $51,000. Highline Wealth Partners LLC bought a new position in Exxon Mobil in the 3rd quarter valued at $54,000. Finally, Harbor Capital Advisors Inc. acquired a new stake in shares of Exxon Mobil in the 3rd quarter valued at $63,000. 61.80% of the stock is owned by institutional investors.

Exxon Mobil Price Performance

Shares of NYSE XOM opened at $112.37 on Friday. The company has a fifty day moving average price of $112.56 and a 200 day moving average price of $115.50. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $126.34. The firm has a market cap of $493.89 billion, a PE ratio of 13.99, a PEG ratio of 2.70 and a beta of 0.91. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data 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%. Exxon Mobil’s quarterly revenue was down .8% on a year-over-year basis. During the same period last year, the company earned $2.27 earnings per share. Research analysts predict that Exxon Mobil Co. will post 7.86 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th were paid a $0.99 dividend. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 annualized dividend and a yield of 3.52%. The ex-dividend date was Thursday, November 14th. Exxon Mobil’s payout ratio is presently 49.32%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Barclays decreased their price target on Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating on the stock in a report on Thursday, October 3rd. Piper Sandler cut 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. Scotiabank raised shares of Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and lifted their target price for the stock from $129.00 to $145.00 in a report on Thursday, October 10th. TD Cowen decreased their price objective on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating for the company in a research note on Monday, December 16th. Finally, The Goldman Sachs Group increased their target price on Exxon Mobil from $118.00 to $120.00 in a research note on Thursday, October 31st. One equities 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 issued a strong buy rating to the company. According to MarketBeat, the stock presently 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.