Albion Financial Group UT Raises Stake in Exxon Mobil Co. (NYSE:XOM)

Albion Financial Group UT boosted its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 91.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,222 shares of the oil and gas company’s stock after buying an additional 2,980 shares during the quarter. Albion Financial Group UT’s holdings in Exxon Mobil were worth $669,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. AXA S.A. lifted its holdings in Exxon Mobil by 18.5% during the second quarter. AXA S.A. now owns 130,996 shares of the oil and gas company’s stock worth $15,080,000 after buying an additional 20,475 shares during the period. MBB Public Markets I LLC raised its holdings in Exxon Mobil by 2,165.3% in the second quarter. MBB Public Markets I LLC now owns 318,744 shares of the oil and gas company’s stock worth $36,694,000 after purchasing an additional 304,673 shares in the last quarter. Marathon Capital Management lifted its position in shares of Exxon Mobil by 4.2% during the second quarter. Marathon Capital Management now owns 10,007 shares of the oil and gas company’s stock valued at $1,152,000 after buying an additional 400 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in shares of Exxon Mobil by 18.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,792,336 shares of the oil and gas company’s stock worth $436,574,000 after buying an additional 593,729 shares during the last quarter. Finally, Mackenzie Financial Corp raised its stake in shares of Exxon Mobil by 120.3% during the 2nd quarter. Mackenzie Financial Corp now owns 2,943,754 shares of the oil and gas company’s stock worth $338,885,000 after acquiring an additional 1,607,663 shares in the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Stock Performance

NYSE XOM opened at $108.64 on Friday. The stock has a market capitalization of $477.48 billion, a price-to-earnings ratio of 13.53, a PEG ratio of 2.86 and a beta of 0.91. The stock has a 50-day moving average of $111.77 and a 200 day moving average of $115.41. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. Exxon Mobil Co. has a twelve month low of $99.61 and a twelve month high of $126.34.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, topping the consensus estimate 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 quarterly revenue was down .8% on a year-over-year basis. During the same period in the prior year, the company posted $2.27 EPS. Sell-side analysts anticipate that Exxon Mobil Co. will post 7.77 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th were paid a dividend of $0.99 per share. The ex-dividend date was Thursday, November 14th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.65%. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s payout ratio is currently 49.32%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on XOM shares. Morgan Stanley cut their price target on shares of Exxon Mobil from $142.00 to $140.00 in a report on Thursday, October 31st. Truist Financial upped their target price on Exxon Mobil from $117.00 to $119.00 and gave the company a “hold” rating in a research report on Monday, January 13th. Barclays lowered their price target on Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating for the company in a report on Thursday, October 3rd. Bank of America began coverage on shares of Exxon Mobil in a research report on Thursday, October 17th. They issued a “neutral” rating and a $124.00 price objective for the company. Finally, TD Cowen cut their target price on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating on the stock in a research report on Monday, December 16th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target 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.