Cliftonlarsonallen Wealth Advisors LLC Purchases 5,542 Shares of Exxon Mobil Co. (NYSE:XOM)

Cliftonlarsonallen Wealth Advisors LLC raised its position in Exxon Mobil Co. (NYSE:XOM) by 21.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 31,007 shares of the oil and gas company’s stock after acquiring an additional 5,542 shares during the quarter. Cliftonlarsonallen Wealth Advisors LLC’s holdings in Exxon Mobil were worth $3,335,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. International Assets Investment Management LLC raised its stake in shares of Exxon Mobil by 7,761.0% in the third quarter. International Assets Investment Management LLC now owns 6,893,677 shares of the oil and gas company’s stock worth $808,077,000 after buying an additional 6,805,982 shares during the period. Legal & General Group Plc raised its stake in Exxon Mobil by 19.3% during the 2nd quarter. Legal & General Group Plc now owns 32,308,002 shares of the oil and gas company’s stock worth $3,719,296,000 after acquiring an additional 5,235,607 shares during the period. Franklin Resources Inc. boosted its position in shares of Exxon Mobil by 16.3% in the third quarter. Franklin Resources Inc. now owns 31,522,556 shares of the oil and gas company’s stock worth $3,936,929,000 after purchasing an additional 4,415,012 shares during the period. Clearbridge Investments LLC boosted its position in shares of Exxon Mobil by 117.5% in the second quarter. Clearbridge Investments LLC now owns 7,668,483 shares of the oil and gas company’s stock worth $882,795,000 after purchasing an additional 4,142,171 shares during the period. Finally, Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in shares of Exxon Mobil in the second quarter worth $469,284,000. 61.80% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Stock Performance

NYSE XOM opened at $111.32 on Friday. The company has a market cap of $489.27 billion, a P/E ratio of 13.86, a P/E/G ratio of 2.70 and a beta of 0.91. The business’s 50 day moving average price is $112.93 and its 200-day moving average price is $115.55. Exxon Mobil Co. has a fifty-two week low of $95.77 and a fifty-two week high of $126.34. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.35.

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, beating the consensus estimate of $1.91 by $0.01. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The business had revenue of $90.02 billion for the quarter, compared to the consensus estimate of $93.98 billion. During the same quarter in the prior year, the firm posted $2.27 earnings per share. The business’s revenue for the quarter was down .8% on a year-over-year basis. Sell-side analysts predict that Exxon Mobil Co. will post 7.86 earnings per share for the current year.

Exxon Mobil Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th were given a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 3.56%. The ex-dividend date was Thursday, November 14th. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s payout ratio is 49.32%.

Analysts Set New Price Targets

XOM has been the subject of several recent analyst reports. Wolfe Research upped their target price on shares of Exxon Mobil from $137.00 to $138.00 in a report on Thursday, October 31st. Scotiabank upgraded Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and increased their target price for the stock from $129.00 to $145.00 in a research report on Thursday, October 10th. Piper Sandler lowered their price target on Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating on the stock in a report on Thursday, December 19th. Mizuho cut their price objective on shares of Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating for the company in a report on Monday, December 16th. Finally, Bank of America began coverage on shares of Exxon Mobil in a report on Thursday, October 17th. They issued a “neutral” rating and a $124.00 target price on the stock. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Exxon Mobil has an average rating of “Moderate Buy” and a consensus target price 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.