Retirement Wealth Solutions LLC Purchases Shares of 430 Exxon Mobil Co. (NYSE:XOM)

Retirement Wealth Solutions LLC acquired a new position in Exxon Mobil Co. (NYSE:XOM) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 430 shares of the oil and gas company’s stock, valued at approximately $46,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. O Keefe Stevens Advisory Inc. boosted its holdings in shares of Exxon Mobil by 8.5% during the 4th quarter. O Keefe Stevens Advisory Inc. now owns 26,090 shares of the oil and gas company’s stock valued at $2,807,000 after purchasing an additional 2,045 shares during the last quarter. Whitener Capital Management Inc. boosted its stake in Exxon Mobil by 3.7% during the fourth quarter. Whitener Capital Management Inc. now owns 40,605 shares of the oil and gas company’s stock valued at $4,368,000 after buying an additional 1,433 shares during the last quarter. Helen Stephens Group LLC grew its holdings in Exxon Mobil by 7.3% during the 4th quarter. Helen Stephens Group LLC now owns 41,637 shares of the oil and gas company’s stock valued at $4,479,000 after buying an additional 2,825 shares in the last quarter. Carderock Capital Management Inc. increased its stake in Exxon Mobil by 293.7% in the 4th quarter. Carderock Capital Management Inc. now owns 13,633 shares of the oil and gas company’s stock worth $1,467,000 after acquiring an additional 10,170 shares during the last quarter. Finally, 25 LLC purchased a new stake in shares of Exxon Mobil during the 4th quarter worth approximately $261,000. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Trading Up 0.9 %

XOM opened at $112.37 on Friday. Exxon Mobil Co. has a 52 week low of $95.77 and a 52 week high of $126.34. The company has a market capitalization of $493.89 billion, a P/E ratio of 13.99, a PEG ratio of 2.70 and a beta of 0.91. The stock’s fifty day moving average is $112.56 and its two-hundred day moving average is $115.50. The company has a quick ratio of 1.01, a current ratio of 1.35 and a debt-to-equity ratio of 0.13.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data 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 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 the consensus estimate of $93.98 billion. During the same period in the previous year, the company posted $2.27 earnings per share. The firm’s quarterly revenue was down .8% on a year-over-year basis. Analysts forecast that Exxon Mobil Co. will post 7.86 earnings per share for the current year.

Exxon Mobil Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Thursday, November 14th were issued a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.52%. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date was Thursday, November 14th. Exxon Mobil’s dividend payout ratio (DPR) is presently 49.32%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Morgan Stanley reduced their price target on shares of Exxon Mobil from $142.00 to $140.00 in a research report on Thursday, October 31st. Piper Sandler decreased their target price 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. Redburn Atlantic reissued a “neutral” rating and set a $120.00 price objective (up from $119.00) on shares of Exxon Mobil in a research note on Tuesday, September 24th. UBS Group dropped their target price on Exxon Mobil from $149.00 to $147.00 and set a “buy” rating for the company in a report on Thursday, December 12th. Finally, BMO Capital Markets raised their price target on Exxon Mobil from $127.00 to $130.00 and gave the stock a “market perform” rating in a research report on Friday, October 4th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average 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.