Exxon Mobil Co. (NYSE:XOM) Shares Acquired by Accelerate Investment Advisors LLC

Accelerate Investment Advisors LLC increased its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 4.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 8,050 shares of the oil and gas company’s stock after purchasing an additional 321 shares during the period. Exxon Mobil accounts for approximately 0.8% of Accelerate Investment Advisors LLC’s investment portfolio, making the stock its 25th biggest position. Accelerate Investment Advisors LLC’s holdings in Exxon Mobil were worth $866,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Fairway Wealth LLC acquired a new stake in Exxon Mobil during the 2nd quarter worth approximately $35,000. Fairscale Capital LLC acquired a new stake in shares of Exxon Mobil in the 2nd quarter valued at $39,000. Hershey Financial Advisers LLC acquired a new stake in shares of Exxon Mobil in the 2nd quarter valued at $46,000. Peterson Financial Group Inc. acquired a new stake in shares of Exxon Mobil in the 3rd quarter valued at $51,000. Finally, Highline Wealth Partners LLC acquired a new stake in shares of Exxon Mobil in the 3rd quarter valued at $54,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on XOM shares. Piper Sandler reduced their price objective on shares of Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating on the stock in a report on Thursday, December 19th. BNP Paribas downgraded shares of Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price objective on the stock. in a research report on Wednesday, October 9th. Bank of America assumed coverage on shares of Exxon Mobil in a research report on Thursday, October 17th. They set a “neutral” rating and a $124.00 price objective on the stock. Wells Fargo & Company raised their price objective on shares of Exxon Mobil from $135.00 to $136.00 and gave the stock an “overweight” rating in a research report on Friday, September 27th. Finally, TD Cowen lowered their price objective on shares of Exxon Mobil from $132.00 to $128.00 and set a “buy” rating on the stock in a research report on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $128.84.

Exxon Mobil Trading Up 2.8 %

Exxon Mobil stock traded up $2.98 during trading on Monday, reaching $109.52. The company had a trading volume of 9,325,992 shares, compared to its average volume of 14,449,677. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $126.34. The stock’s 50 day moving average price is $113.49 and its two-hundred day moving average price is $115.65. The firm has a market capitalization of $481.35 billion, a price-to-earnings ratio of 13.64, a PEG ratio of 4.65 and a beta of 0.91. 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 released its earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.91 by $0.01. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The firm had revenue of $90.02 billion during the quarter, compared to the consensus estimate of $93.98 billion. During the same period in the previous year, the firm earned $2.27 earnings per share. Exxon Mobil’s revenue was down .8% compared to the same quarter last year. As a group, equities analysts expect that Exxon Mobil Co. will post 7.95 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th were paid a dividend of $0.99 per share. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 annualized dividend and a yield of 3.62%. The ex-dividend date was Thursday, November 14th. Exxon Mobil’s payout ratio is currently 49.32%.

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.