Exxon Mobil Co. (NYSE:XOM) Stock Holdings Increased by Empirical Financial Services LLC d.b.a. Empirical Wealth Management

Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its position in shares of Exxon Mobil Co. (NYSE:XOM) by 10.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 74,223 shares of the oil and gas company’s stock after buying an additional 6,872 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in Exxon Mobil were worth $7,984,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. High Net Worth Advisory Group LLC boosted its holdings in shares of Exxon Mobil by 1.8% in the 4th quarter. High Net Worth Advisory Group LLC now owns 31,219 shares of the oil and gas company’s stock valued at $3,358,000 after buying an additional 541 shares during the period. OLIO Financial Planning bought a new position in Exxon Mobil in the fourth quarter worth about $396,000. Requisite Capital Management LLC boosted its stake in Exxon Mobil by 183.6% in the fourth quarter. Requisite Capital Management LLC now owns 5,091 shares of the oil and gas company’s stock valued at $548,000 after acquiring an additional 3,296 shares during the period. Clarendon Private LLC acquired a new position in Exxon Mobil during the 4th quarter valued at approximately $990,000. Finally, Crescent Grove Advisors LLC boosted its holdings in shares of Exxon Mobil by 16.7% during the fourth quarter. Crescent Grove Advisors LLC now owns 15,634 shares of the oil and gas company’s stock valued at $1,682,000 after acquiring an additional 2,235 shares during the period. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Stock Down 2.0 %

Shares of XOM stock opened at $107.99 on Wednesday. The company has a market capitalization of $474.64 billion, a price-to-earnings ratio of 13.45, a PEG ratio of 2.86 and a beta of 0.91. 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 stock’s 50 day simple moving average is $111.35 and its 200 day simple moving average is $115.41. Exxon Mobil Co. has a twelve month low of $100.42 and a twelve month high of $126.34.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data 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. 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 analysts’ expectations of $93.98 billion. During the same period in the previous year, the company earned $2.27 earnings per share. Exxon Mobil’s revenue for the quarter was down .8% on a year-over-year basis. As a group, research analysts predict that Exxon Mobil Co. will post 7.77 EPS for the current year.

Exxon Mobil Increases Dividend

The firm 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. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 annualized dividend and a dividend yield of 3.67%. The ex-dividend date was Thursday, November 14th. Exxon Mobil’s dividend payout ratio (DPR) is currently 49.32%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Truist Financial increased 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. The Goldman Sachs Group increased their price target on Exxon Mobil from $118.00 to $120.00 in a research note on Thursday, October 31st. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $115.00 price objective on shares of Exxon Mobil in a research note on Thursday, December 12th. Piper Sandler cut their target price on Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating on the stock in a research report on Thursday, December 19th. Finally, TD Cowen cut their price target on shares of Exxon Mobil from $132.00 to $128.00 and set a “buy” rating on the stock in a report on Monday, December 16th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $128.84.

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.