Crescent Grove Advisors LLC Purchases 2,235 Shares of Exxon Mobil Co. (NYSE:XOM)

Crescent Grove Advisors LLC lifted its position in shares of Exxon Mobil Co. (NYSE:XOMFree Report) by 16.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,634 shares of the oil and gas company’s stock after acquiring an additional 2,235 shares during the period. Crescent Grove Advisors LLC’s holdings in Exxon Mobil were worth $1,682,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Jamison Private Wealth Management Inc. boosted its holdings in shares of Exxon Mobil by 2.8% in the 4th quarter. Jamison Private Wealth Management Inc. now owns 51,644 shares of the oil and gas company’s stock valued at $5,555,000 after purchasing an additional 1,420 shares in the last quarter. Duncan Williams Asset Management LLC boosted its stake in Exxon Mobil by 35.2% in the fourth quarter. Duncan Williams Asset Management LLC now owns 7,760 shares of the oil and gas company’s stock valued at $835,000 after buying an additional 2,020 shares in the last quarter. TTP Investments Inc. grew its position in Exxon Mobil by 0.4% in the fourth quarter. TTP Investments Inc. now owns 29,709 shares of the oil and gas company’s stock valued at $3,196,000 after acquiring an additional 130 shares during the last quarter. Precedent Wealth Partners LLC raised its stake in Exxon Mobil by 0.8% during the fourth quarter. Precedent Wealth Partners LLC now owns 22,094 shares of the oil and gas company’s stock worth $2,377,000 after acquiring an additional 182 shares in the last quarter. Finally, Patton Albertson Miller Group LLC lifted its holdings in shares of Exxon Mobil by 8.0% in the fourth quarter. Patton Albertson Miller Group LLC now owns 15,744 shares of the oil and gas company’s stock worth $1,694,000 after acquiring an additional 1,163 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Stock Performance

XOM stock opened at $107.99 on Wednesday. The firm has a market cap of $474.64 billion, a PE ratio of 13.45, a price-to-earnings-growth ratio of 2.86 and a beta of 0.91. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. The stock has a 50-day moving average price of $111.35 and a 200-day moving average price of $115.41. Exxon Mobil Co. has a 1-year low of $100.42 and a 1-year high of $126.34.

Exxon Mobil (NYSE:XOMGet Free Report) last issued its quarterly earnings results 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 analyst estimates of $93.98 billion. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The company’s revenue was down .8% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.27 earnings per share. As a group, equities research analysts expect that Exxon Mobil Co. will post 7.77 earnings per share for the current year.

Exxon Mobil Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th were paid a $0.99 dividend. The ex-dividend date of this dividend was Thursday, November 14th. 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 3.67%. Exxon Mobil’s dividend payout ratio (DPR) is currently 49.32%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on XOM. Truist Financial lifted their price target on shares of Exxon Mobil from $117.00 to $119.00 and gave the company a “hold” rating in a report on Monday, January 13th. Mizuho lowered their price target on shares of Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating for the company in a report on Monday, December 16th. Piper Sandler dropped their price target on Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating for the company in a research note on Thursday, December 19th. Morgan Stanley reduced their price objective on Exxon Mobil from $142.00 to $140.00 in a research report on Thursday, October 31st. Finally, TD Cowen dropped their target price on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating for the company in a research report on Monday, December 16th. 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 given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $128.84.

Get Our Latest Stock Analysis on XOM

Exxon Mobil Company Profile

(Free Report)

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.

Recommended Stories

Want to see what other hedge funds are holding XOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Exxon Mobil Co. (NYSE:XOMFree Report).

Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

Receive News & Ratings for Exxon Mobil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exxon Mobil and related companies with MarketBeat.com's FREE daily email newsletter.