Exxon Mobil Co. (NYSE:XOM) Position Raised by Trinity Financial Advisors LLC

Trinity Financial Advisors LLC increased its position in Exxon Mobil Co. (NYSE:XOM) by 13.0% during the fourth quarter, Holdings Channel reports. The fund owned 11,791 shares of the oil and gas company’s stock after purchasing an additional 1,360 shares during the quarter. Exxon Mobil comprises approximately 0.5% of Trinity Financial Advisors LLC’s investment portfolio, making the stock its 29th largest position. Trinity Financial Advisors LLC’s holdings in Exxon Mobil were worth $1,265,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Fairway Wealth LLC bought a new stake in Exxon Mobil during the second quarter worth approximately $35,000. Fairscale Capital LLC acquired a new stake in Exxon Mobil in the 2nd quarter valued at about $39,000. Hershey Financial Advisers LLC acquired a new position in shares of Exxon Mobil in the 2nd quarter worth approximately $46,000. Peterson Financial Group Inc. bought a new stake in shares of Exxon Mobil in the 3rd quarter worth approximately $51,000. Finally, Highline Wealth Partners LLC acquired a new stake in Exxon Mobil during the third quarter valued at approximately $54,000. 61.80% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have issued reports on XOM. Scotiabank raised Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and upped their price target for the company from $129.00 to $145.00 in a report on Thursday, October 10th. BNP Paribas lowered Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price target for the company. in a research report on Wednesday, October 9th. BMO Capital Markets boosted their price objective on Exxon Mobil from $127.00 to $130.00 and gave the stock a “market perform” rating in a report on Friday, October 4th. Bank of America initiated coverage on shares of Exxon Mobil in a report on Thursday, October 17th. They issued a “neutral” rating and a $124.00 target price for the company. Finally, Truist Financial cut their price target on shares of Exxon Mobil from $121.00 to $117.00 and set a “hold” rating on the stock in a report on Monday, September 30th. 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 assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $128.74.

Exxon Mobil Stock Down 0.4 %

Shares of XOM traded down $0.39 during trading hours on Friday, hitting $106.54. 18,642,797 shares of the company were exchanged, compared to its average volume of 14,452,242. 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 company has a market cap of $468.25 billion, a PE ratio of 13.27, a PEG ratio of 4.65 and a beta of 0.91. The firm’s 50 day moving average is $113.66 and its 200-day moving average is $115.69. Exxon Mobil Co. has a 52 week low of $95.77 and a 52 week high of $126.34.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, beating the consensus estimate of $1.91 by $0.01. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The company had revenue of $90.02 billion for the quarter, compared to the consensus estimate of $93.98 billion. During the same quarter last year, the company posted $2.27 earnings per share. The company’s revenue for the quarter was down .8% compared to the same quarter last year. On average, equities research analysts forecast that Exxon Mobil Co. will post 7.95 EPS for the current fiscal 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 issued a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 3.72%. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date of this dividend was Thursday, November 14th. Exxon Mobil’s dividend payout ratio is 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.