Exeter Financial LLC Acquires 494 Shares of Exxon Mobil Co. (NYSE:XOM)

Exeter Financial LLC raised its position in Exxon Mobil Co. (NYSE:XOM) by 2.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,682 shares of the oil and gas company’s stock after purchasing an additional 494 shares during the quarter. Exeter Financial LLC’s holdings in Exxon Mobil were worth $2,117,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of XOM. Fairway Wealth LLC bought a new position in Exxon Mobil in the second quarter valued at about $35,000. Fairscale Capital LLC bought a new position in Exxon Mobil in the second quarter valued at about $39,000. Hershey Financial Advisers LLC bought a new position in Exxon Mobil in the second quarter valued at about $46,000. Peterson Financial Group Inc. bought a new position in Exxon Mobil in the third quarter valued at about $51,000. Finally, Highline Wealth Partners LLC bought a new position in Exxon Mobil in the third quarter valued at about $54,000. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Trading Up 0.4 %

NYSE XOM opened at $109.68 on Wednesday. The business has a 50 day simple moving average of $113.12 and a 200 day simple moving average of $115.58. Exxon Mobil Co. has a one year low of $95.77 and a one year high of $126.34. The stock has a market capitalization of $482.05 billion, a P/E ratio of 13.66, a P/E/G ratio of 4.65 and a beta of 0.91. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, beating analysts’ consensus estimates of $1.91 by $0.01. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The firm had revenue of $90.02 billion during the quarter, compared to analysts’ expectations of $93.98 billion. During the same quarter last year, the firm posted $2.27 earnings per share. The company’s revenue for the quarter was down .8% compared to the same quarter last year. Research analysts expect that Exxon Mobil Co. will post 7.95 earnings per share for the current year.

Exxon Mobil Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th were paid a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 3.61%. The ex-dividend date was Thursday, November 14th. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s dividend payout ratio (DPR) is 49.32%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. The Goldman Sachs Group increased their target price on Exxon Mobil from $118.00 to $120.00 in a research report on Thursday, October 31st. Truist Financial increased their price target on Exxon Mobil from $117.00 to $119.00 and gave the company a “hold” rating in a research note on Monday. Bank of America assumed coverage on Exxon Mobil in a research note on Thursday, October 17th. They issued a “neutral” rating and a $124.00 price target for the company. TD Cowen decreased their price target 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, Piper Sandler decreased their price target on Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating for the company in a research note on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $128.84.

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.