MCF Advisors LLC Has $2.27 Million Stock Position in Exxon Mobil Co. (NYSE:XOM)

MCF Advisors LLC increased its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 0.9% in the 4th quarter, HoldingsChannel reports. The firm owned 21,125 shares of the oil and gas company’s stock after acquiring an additional 185 shares during the period. MCF Advisors LLC’s holdings in Exxon Mobil were worth $2,272,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in XOM. Eagle Capital Management LLC boosted its holdings in Exxon Mobil by 4.9% in the second quarter. Eagle Capital Management LLC now owns 2,460 shares of the oil and gas company’s stock worth $283,000 after acquiring an additional 114 shares in the last quarter. Fred Alger Management LLC boosted its holdings in Exxon Mobil by 52.5% in the second quarter. Fred Alger Management LLC now owns 98,421 shares of the oil and gas company’s stock worth $11,330,000 after acquiring an additional 33,893 shares in the last quarter. AXA S.A. boosted its holdings in Exxon Mobil by 18.5% in the second quarter. AXA S.A. now owns 130,996 shares of the oil and gas company’s stock worth $15,080,000 after acquiring an additional 20,475 shares in the last quarter. Armistice Capital LLC lifted its holdings in shares of Exxon Mobil by 5.8% in the second quarter. Armistice Capital LLC now owns 200,348 shares of the oil and gas company’s stock valued at $23,064,000 after purchasing an additional 11,048 shares in the last quarter. Finally, AQR Capital Management LLC lifted its holdings in shares of Exxon Mobil by 105.7% in the second quarter. AQR Capital Management LLC now owns 3,562,523 shares of the oil and gas company’s stock valued at $410,118,000 after purchasing an additional 1,830,265 shares in the last quarter. Institutional investors own 61.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on XOM shares. TD Cowen dropped their target price on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating on the stock in a report on Monday, December 16th. Wells Fargo & Company raised their target price on Exxon Mobil from $135.00 to $136.00 and gave the company an “overweight” rating in a report on Friday, September 27th. Wolfe Research raised their target price on 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 raised their target price for the company from $129.00 to $145.00 in a report on Thursday, October 10th. Finally, Piper Sandler dropped 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. One analyst has rated the stock with a sell rating, seven have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Exxon Mobil currently has a consensus rating of “Moderate Buy” and a consensus price target of $128.84.

Exxon Mobil Stock Performance

NYSE:XOM opened at $110.12 on Friday. 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 business has a fifty day simple moving average of $111.98 and a two-hundred day simple moving average of $115.44. Exxon Mobil Co. has a 1 year low of $97.74 and a 1 year high of $126.34. The company has a market capitalization of $483.97 billion, a P/E ratio of 13.71, a P/E/G ratio of 2.93 and a beta of 0.91.

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, topping analysts’ consensus estimates of $1.91 by $0.01. The business had revenue of $90.02 billion during the quarter, compared to the consensus estimate 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 for the quarter was down .8% on a year-over-year basis. During the same period last year, the business posted $2.27 earnings per share. On average, analysts expect that Exxon Mobil Co. will post 7.77 earnings per share for the current year.

Exxon Mobil Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th were given a $0.99 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 annualized dividend and a dividend yield of 3.60%. Exxon Mobil’s payout ratio is 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.