Gradient Investments LLC Purchases 164 Shares of Exxon Mobil Co. (NYSE:XOM)

Gradient Investments LLC boosted its position in shares of Exxon Mobil Co. (NYSE:XOM) by 0.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 136,646 shares of the oil and gas company’s stock after purchasing an additional 164 shares during the period. Gradient Investments LLC’s holdings in Exxon Mobil were worth $14,699,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. International Assets Investment Management LLC lifted its position in shares of Exxon Mobil by 7,761.0% during the third quarter. International Assets Investment Management LLC now owns 6,893,677 shares of the oil and gas company’s stock worth $808,077,000 after purchasing an additional 6,805,982 shares during the last quarter. Franklin Resources Inc. increased its stake in Exxon Mobil by 16.3% in the 3rd quarter. Franklin Resources Inc. now owns 31,522,556 shares of the oil and gas company’s stock worth $3,936,929,000 after buying an additional 4,415,012 shares during the period. Clearbridge Investments LLC lifted its holdings in Exxon Mobil by 117.5% during the 2nd quarter. Clearbridge Investments LLC now owns 7,668,483 shares of the oil and gas company’s stock valued at $882,795,000 after buying an additional 4,142,171 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in Exxon Mobil by 168.5% in the 3rd quarter. Assenagon Asset Management S.A. now owns 4,530,457 shares of the oil and gas company’s stock valued at $531,060,000 after buying an additional 2,842,844 shares during the period. Finally, Geode Capital Management LLC grew its stake in Exxon Mobil by 1.8% in the 3rd quarter. Geode Capital Management LLC now owns 92,194,981 shares of the oil and gas company’s stock worth $10,777,735,000 after acquiring an additional 1,622,064 shares in the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on XOM shares. The Goldman Sachs Group boosted their price target on Exxon Mobil from $118.00 to $120.00 in a report on Thursday, October 31st. UBS Group dropped their price target on Exxon Mobil from $149.00 to $147.00 and set a “buy” rating on the stock in a research report on Thursday, December 12th. Scotiabank upgraded Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and lifted their price objective for the company from $129.00 to $145.00 in a report on Thursday, October 10th. Piper Sandler dropped their target price 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. Finally, Morgan Stanley reduced their price target on shares of Exxon Mobil from $142.00 to $140.00 in a report on Thursday, October 31st. One analyst has rated the stock with a sell rating, seven have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $128.84.

Exxon Mobil Stock Performance

Shares of Exxon Mobil stock opened at $108.64 on Monday. The firm has a market capitalization of $477.48 billion, a P/E ratio of 13.53, a PEG ratio of 2.86 and a beta of 0.91. Exxon Mobil Co. has a 52 week low of $99.61 and a 52 week high of $126.34. The company has a quick ratio of 1.01, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. The company has a 50 day moving average price of $111.56 and a 200 day moving average price of $115.41.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, topping the consensus estimate of $1.91 by $0.01. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The business 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 posted $2.27 earnings per share. The business’s revenue for the quarter was down .8% compared to the same quarter last year. Sell-side analysts expect that Exxon Mobil Co. will post 7.77 EPS for the current year.

Exxon Mobil Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th were paid a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 3.65%. This is a boost 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%.

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.