Golden State Equity Partners Has $2.23 Million Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Golden State Equity Partners lifted its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 140.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,723 shares of the oil and gas company’s stock after buying an additional 12,118 shares during the period. Golden State Equity Partners’ holdings in Exxon Mobil were worth $2,229,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. Czech National Bank lifted its stake in Exxon Mobil by 5.9% in the 3rd quarter. Czech National Bank now owns 905,051 shares of the oil and gas company’s stock valued at $106,090,000 after purchasing an additional 50,214 shares during the last quarter. Miracle Mile Advisors LLC lifted its stake in Exxon Mobil by 7.5% in the 3rd quarter. Miracle Mile Advisors LLC now owns 26,891 shares of the oil and gas company’s stock valued at $3,152,000 after purchasing an additional 1,886 shares during the last quarter. Versant Capital Management Inc lifted its stake in Exxon Mobil by 2.7% in the 3rd quarter. Versant Capital Management Inc now owns 81,061 shares of the oil and gas company’s stock valued at $9,502,000 after purchasing an additional 2,110 shares during the last quarter. Bangor Savings Bank lifted its stake in Exxon Mobil by 2.0% in the 3rd quarter. Bangor Savings Bank now owns 25,523 shares of the oil and gas company’s stock valued at $2,992,000 after purchasing an additional 503 shares during the last quarter. Finally, Omega Financial Group LLC lifted its stake in Exxon Mobil by 19.9% in the 3rd quarter. Omega Financial Group LLC now owns 2,210 shares of the oil and gas company’s stock valued at $259,000 after purchasing an additional 367 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Stock Performance

Shares of NYSE:XOM opened at $109.95 on Wednesday. The company’s 50 day simple moving average is $110.10 and its 200 day simple moving average is $115.13. The stock has a market capitalization of $483.22 billion, a price-to-earnings ratio of 14.02, a price-to-earnings-growth ratio of 2.79 and a beta of 0.89. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. Exxon Mobil Co. has a 1 year low of $100.42 and a 1 year high of $126.34.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.77 by ($0.10). Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. During the same quarter in the prior year, the firm earned $2.48 earnings per share. As a group, research analysts predict that Exxon Mobil Co. will post 7.65 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th will be given a $0.99 dividend. The ex-dividend date is Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a yield of 3.60%. Exxon Mobil’s dividend payout ratio is currently 50.51%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on XOM shares. BNP Paribas downgraded shares of Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 target price for the company. in a research note on Wednesday, October 9th. Morgan Stanley raised their price objective on shares of Exxon Mobil from $139.00 to $140.00 in a research report on Friday, January 31st. Royal Bank of Canada restated a “sector perform” rating and set a $115.00 price objective on shares of Exxon Mobil in a research report on Monday. Truist Financial raised their price objective on shares of Exxon Mobil from $117.00 to $119.00 and gave the stock a “hold” rating in a research report on Monday, January 13th. Finally, TD Cowen cut their price objective on shares of Exxon Mobil from $132.00 to $128.00 and set a “buy” rating for the company in a research report on Monday, December 16th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $129.25.

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.