Exxon Mobil Co. (NYSE:XOM) Position Boosted by GSB Wealth Management LLC

GSB Wealth Management LLC lifted its stake in Exxon Mobil Co. (NYSE:XOM) by 19.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 22,165 shares of the oil and gas company’s stock after purchasing an additional 3,669 shares during the quarter. GSB Wealth Management LLC’s holdings in Exxon Mobil were worth $2,384,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the stock. Hershey Financial Advisers LLC purchased a new stake in shares of Exxon Mobil during the 2nd quarter worth about $46,000. Retirement Wealth Solutions LLC bought a new position in Exxon Mobil during the fourth quarter valued at approximately $46,000. Peterson Financial Group Inc. bought a new position in Exxon Mobil during the third quarter valued at approximately $51,000. Highline Wealth Partners LLC acquired a new stake in Exxon Mobil in the third quarter valued at approximately $54,000. Finally, Harbor Capital Advisors Inc. bought a new stake in Exxon Mobil in the third quarter worth approximately $63,000. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. The Goldman Sachs Group lifted their price objective on shares of Exxon Mobil from $118.00 to $120.00 in a research note on Thursday, October 31st. TD Cowen decreased their price target on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating for the company in a research note on Monday, December 16th. Truist Financial increased their price objective on Exxon Mobil from $117.00 to $119.00 and gave the company a “hold” rating in a report on Monday, January 13th. Mizuho decreased their target price on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating for the company in a research report on Monday, December 16th. Finally, Barclays dropped their price target on shares of Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating on the stock in a research report on Thursday, October 3rd. One research analyst has rated the stock with a sell rating, seven have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $128.84.

Exxon Mobil Trading Up 1.4 %

Exxon Mobil stock opened at $110.16 on Tuesday. Exxon Mobil Co. has a 12 month low of $100.42 and a 12 month high of $126.34. The stock has a market cap of $484.16 billion, a price-to-earnings ratio of 13.72, a price-to-earnings-growth ratio of 2.86 and a beta of 0.91. The business has a 50 day moving average price of $111.56 and a two-hundred day moving average price of $115.44. The company has a quick ratio of 1.01, a current ratio of 1.35 and a debt-to-equity ratio of 0.13.

Exxon Mobil (NYSE:XOM) last issued its earnings results 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 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%. Exxon Mobil’s quarterly revenue was down .8% compared to the same quarter last year. During the same period last year, the business earned $2.27 earnings per share. As a group, equities analysts forecast that Exxon Mobil Co. will post 7.77 EPS for the current year.

Exxon Mobil Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Thursday, November 14th were paid a $0.99 dividend. The ex-dividend date was Thursday, November 14th. This represents a $3.96 dividend on an annualized basis and a yield of 3.59%. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s payout ratio 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.