Davis Investment Partners LLC Boosts Holdings in Exxon Mobil Co. (NYSE:XOM)

Davis Investment Partners LLC increased its position in Exxon Mobil Co. (NYSE:XOM) by 7.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 29,560 shares of the oil and gas company’s stock after purchasing an additional 2,170 shares during the quarter. Exxon Mobil accounts for 1.3% of Davis Investment Partners LLC’s portfolio, making the stock its 12th largest position. Davis Investment Partners LLC’s holdings in Exxon Mobil were worth $3,149,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the company. Eagle Capital Management LLC grew its stake in Exxon Mobil by 4.9% during the 2nd quarter. Eagle Capital Management LLC now owns 2,460 shares of the oil and gas company’s stock valued at $283,000 after purchasing an additional 114 shares in the last quarter. Executive Wealth Management LLC grew its position in shares of Exxon Mobil by 10.2% during the second quarter. Executive Wealth Management LLC now owns 11,712 shares of the oil and gas company’s stock worth $1,348,000 after buying an additional 1,087 shares in the last quarter. Prevail Innovative Wealth Advisors LLC increased its stake in shares of Exxon Mobil by 88.1% in the second quarter. Prevail Innovative Wealth Advisors LLC now owns 4,681 shares of the oil and gas company’s stock worth $539,000 after buying an additional 2,192 shares during the last quarter. TradeLink Capital LLC acquired a new stake in Exxon Mobil in the second quarter valued at $737,000. Finally, GHP Investment Advisors Inc. boosted its stake in Exxon Mobil by 8.4% during the 2nd quarter. GHP Investment Advisors Inc. now owns 56,740 shares of the oil and gas company’s stock valued at $6,532,000 after acquiring an additional 4,411 shares during the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Exxon Mobil Trading Up 2.6 %

Shares of NYSE:XOM opened at $109.27 on Tuesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.35. The stock has a market capitalization of $480.25 billion, a price-to-earnings ratio of 13.61, a PEG ratio of 4.65 and a beta of 0.91. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $126.34. The company has a 50 day moving average price of $113.31 and a 200 day moving average price of $115.61.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, topping 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 business had revenue of $90.02 billion for the quarter, compared to analysts’ expectations of $93.98 billion. During the same period in the previous year, the firm posted $2.27 EPS. The company’s quarterly revenue was down .8% on a year-over-year basis. On average, research analysts anticipate that Exxon Mobil Co. will post 7.95 EPS for the current fiscal 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 dividend of $0.99 per share. The ex-dividend date was Thursday, November 14th. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 dividend on an annualized basis and a yield of 3.62%. Exxon Mobil’s dividend payout ratio is currently 49.32%.

Analyst Upgrades and Downgrades

XOM has been the topic of several research analyst reports. Piper Sandler reduced their price target on shares of Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating on the stock in a research report on Thursday, December 19th. The Goldman Sachs Group boosted their price target on Exxon Mobil from $118.00 to $120.00 in a report on Thursday, October 31st. Wolfe Research raised their price objective on Exxon Mobil from $137.00 to $138.00 in a research note on Thursday, October 31st. BMO Capital Markets boosted their target price on shares of Exxon Mobil from $127.00 to $130.00 and gave the company a “market perform” rating in a research note on Friday, October 4th. Finally, Scotiabank upgraded shares of Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and raised their price target for the stock from $129.00 to $145.00 in a research report on Thursday, October 10th. One 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 given a strong buy rating to the stock. According to MarketBeat, Exxon Mobil currently has an average rating of “Moderate Buy” and a consensus price target of $128.84.

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.