Linden Thomas Advisory Services LLC Purchases 2,787 Shares of Exxon Mobil Co. (NYSE:XOM)

Linden Thomas Advisory Services LLC raised its position in Exxon Mobil Co. (NYSE:XOM) by 16.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,066 shares of the oil and gas company’s stock after purchasing an additional 2,787 shares during the quarter. Linden Thomas Advisory Services LLC’s holdings in Exxon Mobil were worth $2,158,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of XOM. Hershey Financial Advisers LLC purchased a new position in Exxon Mobil in the 2nd quarter worth about $46,000. Retirement Wealth Solutions LLC bought a new position in Exxon Mobil in the 4th quarter worth about $46,000. Peterson Financial Group Inc. purchased a new position in shares of Exxon Mobil during the third quarter worth approximately $51,000. Highline Wealth Partners LLC bought a new stake in shares of Exxon Mobil during the third quarter valued at approximately $54,000. Finally, Harbor Capital Advisors Inc. purchased a new stake in shares of Exxon Mobil in the third quarter valued at approximately $63,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Trading Up 1.4 %

Shares of NYSE:XOM opened at $110.16 on Tuesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01. The firm has a market capitalization of $484.16 billion, a P/E ratio of 13.72, a P/E/G ratio of 2.86 and a beta of 0.91. The business’s 50-day moving average is $111.56 and its 200 day moving average is $115.44. Exxon Mobil Co. has a 1 year low of $100.42 and a 1 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 earnings per share (EPS) for the quarter, beating 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 net margin of 9.61% and a return on equity of 14.73%. The company’s revenue for the quarter was down .8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.27 earnings per share. On average, research analysts predict that Exxon Mobil Co. will post 7.77 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th were paid a dividend of $0.99 per share. 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 3.59%. The ex-dividend date was Thursday, November 14th. Exxon Mobil’s payout ratio is presently 49.32%.

Analysts Set New Price Targets

Several research firms have commented on XOM. BMO Capital Markets raised 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. Royal Bank of Canada restated a “sector perform” rating and issued a $115.00 price objective on shares of Exxon Mobil in a report on Thursday, December 12th. Morgan Stanley dropped their target price on shares of Exxon Mobil from $142.00 to $140.00 in a report on Thursday, October 31st. UBS Group reduced their price target on shares of Exxon Mobil from $149.00 to $147.00 and set a “buy” rating for the company in a report on Thursday, December 12th. Finally, Truist Financial increased their price objective on shares of Exxon Mobil from $117.00 to $119.00 and gave the company a “hold” rating in a research note on Monday, January 13th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Exxon Mobil currently has an average rating of “Moderate Buy” and a consensus target price 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.