Pines Wealth Management LLC Purchases Shares of 24,277 Exxon Mobil Co. (NYSE:XOM)

Pines Wealth Management LLC acquired a new position in Exxon Mobil Co. (NYSE:XOM) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 24,277 shares of the oil and gas company’s stock, valued at approximately $2,587,000. Exxon Mobil comprises about 1.1% of Pines Wealth Management LLC’s holdings, making the stock its 21st largest holding.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Eagle Capital Management LLC raised its stake in 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 valued at $283,000 after buying an additional 114 shares during the last quarter. Black Diamond Financial LLC raised its position in shares of Exxon Mobil by 129.9% in the 2nd quarter. Black Diamond Financial LLC now owns 5,051 shares of the oil and gas company’s stock valued at $582,000 after purchasing an additional 2,854 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Exxon Mobil by 532.8% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 16,815,314 shares of the oil and gas company’s stock worth $1,935,779,000 after purchasing an additional 14,158,054 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Exxon Mobil by 16.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 36,794,077 shares of the oil and gas company’s stock worth $4,235,972,000 after purchasing an additional 5,330,887 shares during the last quarter. Finally, Sierra Summit Advisors LLC increased its stake in Exxon Mobil by 11.5% during the 2nd quarter. Sierra Summit Advisors LLC now owns 4,632 shares of the oil and gas company’s stock valued at $533,000 after purchasing an additional 479 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on XOM shares. Truist Financial lifted their price objective on shares of Exxon Mobil from $117.00 to $119.00 and gave the stock a “hold” rating in a research note on Monday. Mizuho dropped their price target on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating on the stock in a research note on Monday, December 16th. Royal Bank of Canada restated a “sector perform” rating and issued a $115.00 price objective on shares of Exxon Mobil in a research note on Thursday, December 12th. UBS Group dropped their target price on Exxon Mobil from $149.00 to $147.00 and set a “buy” rating on the stock in a research report on Thursday, December 12th. Finally, BNP Paribas lowered shares of Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price target for the company. in a research report on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $128.84.

Exxon Mobil Price Performance

Shares of Exxon Mobil stock opened at $111.44 on Thursday. The firm has a market cap of $489.79 billion, a PE ratio of 13.88, a P/E/G ratio of 4.65 and a beta of 0.91. The business has a 50-day moving average price of $113.12 and a 200 day moving average price of $115.58. The company has a quick ratio of 1.01, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $126.34.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, topping the consensus estimate of $1.91 by $0.01. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The business had revenue of $90.02 billion during the quarter, compared to the consensus estimate of $93.98 billion. During the same period in the prior year, the company posted $2.27 EPS. The business’s quarterly revenue was down .8% on a year-over-year basis. Sell-side analysts predict that Exxon Mobil Co. will post 7.95 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th were given a $0.99 dividend. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $3.96 annualized dividend and a dividend yield of 3.55%. Exxon Mobil’s dividend payout ratio (DPR) is 49.32%.

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.