Constitution Capital LLC Acquires 4,160 Shares of Exxon Mobil Co. (NYSE:XOM)

Constitution Capital LLC increased its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 95.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,505 shares of the oil and gas company’s stock after acquiring an additional 4,160 shares during the period. Constitution Capital LLC’s holdings in Exxon Mobil were worth $915,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Fairscale Capital LLC bought a new position in shares of Exxon Mobil during the second quarter valued at $39,000. Hershey Financial Advisers LLC purchased a new stake in Exxon Mobil during the 2nd quarter valued at about $46,000. Peterson Financial Group Inc. bought a new stake in Exxon Mobil during the 3rd quarter valued at about $51,000. Highline Wealth Partners LLC bought a new position in shares of Exxon Mobil in the third quarter worth approximately $54,000. Finally, Harbor Capital Advisors Inc. purchased a new stake in shares of Exxon Mobil during the third quarter valued at approximately $63,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Price Performance

Shares of Exxon Mobil stock opened at $112.37 on Friday. The stock has a market cap of $493.89 billion, a P/E ratio of 13.99, a P/E/G ratio of 2.70 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 fifty day moving average is $112.73 and its 200 day moving average is $115.52. Exxon Mobil Co. has a one year low of $95.77 and a one year high of $126.34.

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. 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 business’s revenue for the quarter was down .8% compared to the same quarter last year. During the same quarter last year, the company earned $2.27 earnings per share. Sell-side analysts anticipate that Exxon Mobil Co. will post 7.86 earnings per share for the current year.

Exxon Mobil Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th were given a $0.99 dividend. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.52%. The ex-dividend date of this dividend was Thursday, November 14th. Exxon Mobil’s dividend payout ratio is presently 49.32%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on XOM shares. Wolfe Research boosted their price objective on shares of Exxon Mobil from $137.00 to $138.00 in a report on Thursday, October 31st. Piper Sandler dropped their price objective 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. Morgan Stanley decreased their target price on Exxon Mobil from $142.00 to $140.00 in a research report on Thursday, October 31st. Scotiabank raised shares of Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and raised their price target for the company from $129.00 to $145.00 in a report on Thursday, October 10th. Finally, Wells Fargo & Company boosted their price objective on shares of Exxon Mobil from $135.00 to $136.00 and gave the company an “overweight” rating in a report on Friday, September 27th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently 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.