Kozak & Associates Inc. Acquires 173 Shares of Exxon Mobil Co. (NYSE:XOM)

Kozak & Associates Inc. grew its position in Exxon Mobil Co. (NYSE:XOM) by 4.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,462 shares of the oil and gas company’s stock after purchasing an additional 173 shares during the period. Kozak & Associates Inc.’s holdings in Exxon Mobil were worth $481,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the company. Fairway Wealth LLC acquired a new position in Exxon Mobil during the second quarter valued at approximately $35,000. Fairscale Capital LLC acquired a new stake in Exxon Mobil during the 2nd quarter valued at $39,000. Hershey Financial Advisers LLC acquired a new position in shares of Exxon Mobil during the second quarter worth $46,000. Peterson Financial Group Inc. acquired a new position in shares of Exxon Mobil during the third quarter worth $51,000. Finally, Highline Wealth Partners LLC bought a new position in Exxon Mobil during the third quarter worth $54,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on XOM shares. Redburn Atlantic reissued a “neutral” rating and issued a $120.00 price target (up previously from $119.00) on shares of Exxon Mobil in a research report on Tuesday, September 24th. Truist Financial lowered their price objective on Exxon Mobil from $121.00 to $117.00 and set a “hold” rating for the company in a research report on Monday, September 30th. UBS Group decreased their target price on shares of Exxon Mobil from $149.00 to $147.00 and set a “buy” rating on the stock in a research note on Thursday, December 12th. Wells Fargo & Company increased their target price on shares of Exxon Mobil from $135.00 to $136.00 and gave the stock an “overweight” rating in a report on Friday, September 27th. Finally, Scotiabank raised 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 note on Thursday, October 10th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $128.74.

Exxon Mobil Price Performance

Exxon Mobil stock traded up $0.50 during trading on Monday, reaching $108.36. The company had a trading volume of 7,148,574 shares, compared to its average volume of 11,238,744. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $126.34. 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 firm’s 50-day simple moving average is $114.46 and its 200 day simple moving average is $115.86. The firm has a market capitalization of $476.25 billion, a PE ratio of 13.49, a price-to-earnings-growth ratio of 4.65 and a beta of 0.91.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share 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 analysts’ expectations 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 was down .8% compared to the same quarter last year. During the same period in the prior year, the business posted $2.27 EPS. As a group, equities research analysts anticipate that Exxon Mobil Co. will post 7.95 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The business 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%. The ex-dividend date was Thursday, November 14th. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s dividend payout ratio (DPR) is presently 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.