Premier Path Wealth Partners LLC Grows Holdings in Exxon Mobil Co. (NYSE:XOM)

Premier Path Wealth Partners LLC raised its holdings in Exxon Mobil Co. (NYSE:XOM) by 46.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 36,822 shares of the oil and gas company’s stock after purchasing an additional 11,704 shares during the quarter. Premier Path Wealth Partners LLC’s holdings in Exxon Mobil were worth $3,961,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in XOM. Eagle Capital Management LLC raised its position in Exxon Mobil by 4.9% during the 2nd quarter. Eagle Capital Management LLC now owns 2,460 shares of the oil and gas company’s stock worth $283,000 after buying an additional 114 shares during the last quarter. XTX Topco Ltd purchased a new position in Exxon Mobil during the second quarter worth about $860,000. Legacy Financial Advisors Inc. lifted its position in Exxon Mobil by 8.9% in the second quarter. Legacy Financial Advisors Inc. now owns 28,612 shares of the oil and gas company’s stock valued at $3,294,000 after purchasing an additional 2,328 shares during the period. Auxier Asset Management boosted its holdings in Exxon Mobil by 2.9% in the 2nd quarter. Auxier Asset Management now owns 13,192 shares of the oil and gas company’s stock valued at $1,519,000 after purchasing an additional 371 shares in the last quarter. Finally, Alaethes Wealth LLC raised its stake in shares of Exxon Mobil by 1.6% during the 2nd quarter. Alaethes Wealth LLC now owns 19,705 shares of the oil and gas company’s stock worth $2,268,000 after buying an additional 302 shares in the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Price Performance

NYSE:XOM opened at $112.37 on Monday. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $126.34. The firm has a market cap of $493.89 billion, a price-to-earnings ratio of 13.99, a price-to-earnings-growth ratio of 2.70 and a beta of 0.91. The company’s 50-day moving average is $112.56 and its two-hundred day moving average is $115.51. 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 (NYSE:XOM) last announced its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.91 by $0.01. The business had revenue of $90.02 billion for the quarter, compared to the consensus estimate of $93.98 billion. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The company’s quarterly revenue was down .8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.27 earnings per share. Research analysts expect that Exxon Mobil Co. will post 7.86 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. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 annualized dividend and a 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 Analysts Forecast Growth

A number of research firms recently weighed in on XOM. JPMorgan Chase & Co. decreased their price target on Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating on the stock in a research note on Monday, December 16th. TD Cowen decreased their target price on shares of Exxon Mobil from $132.00 to $128.00 and set a “buy” rating on the stock in a research report on Monday, December 16th. Scotiabank upgraded shares of Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and increased their price target for the company from $129.00 to $145.00 in a report on Thursday, October 10th. Bank of America assumed coverage on shares of Exxon Mobil in a report on Thursday, October 17th. They set a “neutral” rating and a $124.00 price objective on the stock. Finally, BNP Paribas downgraded shares of 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. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Exxon Mobil presently has a consensus 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.