Exxon Mobil Co. (NYSE:XOM) Shares Bought by West Branch Capital LLC

West Branch Capital LLC grew its position in Exxon Mobil Co. (NYSE:XOM) by 9.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,718 shares of the oil and gas company’s stock after buying an additional 2,626 shares during the quarter. Exxon Mobil accounts for 1.1% of West Branch Capital LLC’s holdings, making the stock its 22nd largest holding. West Branch Capital LLC’s holdings in Exxon Mobil were worth $3,304,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of XOM. Global Wealth Management Investment Advisory Inc. grew its position in Exxon Mobil by 10.7% in 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 acquiring an additional 4,578 shares in the last quarter. Massmutual Trust Co. FSB ADV increased its stake in 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 buying an additional 5,985 shares during the period. Helen Stephens Group LLC lifted 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 worth $4,479,000 after buying an additional 2,825 shares in the last quarter. Brooklyn Investment Group boosted its position in Exxon Mobil by 36.8% in the 3rd quarter. Brooklyn Investment Group now owns 25,127 shares of the oil and gas company’s stock valued at $2,945,000 after buying an additional 6,753 shares during the period. Finally, Parthenon LLC grew its stake in shares of Exxon Mobil by 2.4% in the third quarter. Parthenon LLC now owns 191,590 shares of the oil and gas company’s stock worth $22,458,000 after acquiring an additional 4,445 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on XOM. Royal Bank of Canada restated a “sector perform” rating and set a $115.00 target price on shares of Exxon Mobil in a research note on Thursday, December 12th. Truist Financial raised their price objective on Exxon Mobil from $117.00 to $119.00 and gave the stock a “hold” rating in a report on Monday, January 13th. Mizuho reduced their target price on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating for the company in a report on Monday, December 16th. Morgan Stanley dropped their price target on Exxon Mobil from $142.00 to $140.00 in a research note on Thursday, October 31st. Finally, Piper Sandler decreased their price objective on Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating for the company 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 company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $128.84.

Exxon Mobil Price Performance

Shares of NYSE:XOM opened at $108.64 on Friday. Exxon Mobil Co. has a 52 week low of $99.61 and a 52 week high of $126.34. The company has a 50-day moving average price of $111.77 and a 200 day moving average price of $115.41. The company has a market cap of $477.48 billion, a P/E ratio of 13.53, a PEG ratio of 2.86 and a beta of 0.91. 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 posted its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, beating analysts’ consensus estimates of $1.91 by $0.01. The firm had revenue of $90.02 billion for 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 company’s revenue for the quarter was down .8% compared to the same quarter last year. During the same period in the previous year, the business earned $2.27 earnings per share. Research analysts predict 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 issued a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.65%. The ex-dividend date of this dividend was Thursday, November 14th. 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%.

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.