Worth Asset Management LLC Buys 174 Shares of Exxon Mobil Co. (NYSE:XOM)

Worth Asset Management LLC lifted its stake in Exxon Mobil Co. (NYSE:XOM) by 3.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,748 shares of the oil and gas company’s stock after purchasing an additional 174 shares during the quarter. Worth Asset Management LLC’s holdings in Exxon Mobil were worth $618,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Patron Partners LLC boosted its holdings in Exxon Mobil by 7.4% during the 2nd quarter. Patron Partners LLC now owns 37,297 shares of the oil and gas company’s stock valued at $4,294,000 after acquiring an additional 2,564 shares during the period. Global Wealth Management Investment Advisory Inc. increased its position in Exxon Mobil by 10.7% during the 3rd quarter. Global Wealth Management Investment Advisory Inc. now owns 47,195 shares of the oil and gas company’s stock valued at $5,532,000 after purchasing an additional 4,578 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in Exxon Mobil by 79.4% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 859,226 shares of the oil and gas company’s stock worth $98,914,000 after buying an additional 380,399 shares during the period. Blair William & Co. IL grew its stake in Exxon Mobil by 64.6% in the second quarter. Blair William & Co. IL now owns 967,618 shares of the oil and gas company’s stock valued at $111,392,000 after purchasing an additional 379,747 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV raised its stake in shares of Exxon Mobil by 4.7% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 133,140 shares of the oil and gas company’s stock worth $15,607,000 after acquiring an additional 5,985 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Price Performance

NYSE XOM traded down $1.68 on Wednesday, hitting $107.07. The company had a trading volume of 8,279,968 shares, compared to its average volume of 12,629,834. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01. The company has a market capitalization of $470.58 billion, a PE ratio of 13.33, a PEG ratio of 4.65 and a beta of 0.91. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $126.34. The company’s fifty day moving average price is $114.06 and its 200-day moving average price is $115.81.

Exxon Mobil (NYSE:XOM) last announced its earnings results 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. The business had revenue of $90.02 billion during the quarter, compared to analysts’ expectations of $93.98 billion. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The business’s revenue was down .8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.27 earnings per share. As a group, analysts predict that Exxon Mobil Co. will post 7.95 earnings per share for the current year.

Exxon Mobil Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th were issued a dividend of $0.99 per share. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.70%. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s dividend payout ratio (DPR) is currently 49.32%.

Wall Street Analyst Weigh In

XOM has been the subject of a number of research analyst reports. Morgan Stanley decreased their price target on Exxon Mobil from $142.00 to $140.00 in a research note on Thursday, October 31st. Mizuho dropped their target price on shares of Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating on the stock in a research report on Monday, December 16th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $115.00 price target on shares of Exxon Mobil in a report on Thursday, December 12th. TD Cowen dropped their price objective on shares of Exxon Mobil from $132.00 to $128.00 and set a “buy” rating on the stock in a report on Monday, December 16th. Finally, Truist Financial lowered their price target on Exxon Mobil from $121.00 to $117.00 and set a “hold” rating for the company in a research report on Monday, September 30th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $128.74.

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.