Corundum Group Inc. grew its position in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 47.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 24,963 shares of the oil and gas company's stock after acquiring an additional 8,049 shares during the quarter. Exxon Mobil accounts for approximately 1.0% of Corundum Group Inc.'s portfolio, making the stock its 22nd largest holding. Corundum Group Inc.'s holdings in Exxon Mobil were worth $2,685,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in XOM. Global Wealth Management Investment Advisory Inc. grew its holdings in Exxon Mobil by 10.7% during the 3rd quarter. Global Wealth Management Investment Advisory Inc. now owns 47,195 shares of the oil and gas company's stock valued at $5,532,000 after buying an additional 4,578 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in shares of Exxon Mobil by 79.4% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 859,226 shares of the oil and gas company's stock valued at $98,914,000 after acquiring an additional 380,399 shares during the period. Massmutual Trust Co. FSB ADV grew its stake in Exxon Mobil by 4.7% during the third quarter. Massmutual Trust Co. FSB ADV now owns 133,140 shares of the oil and gas company's stock valued at $15,607,000 after acquiring an additional 5,985 shares in the last quarter. Helen Stephens Group LLC increased its holdings in Exxon Mobil by 7.3% during the 4th quarter. Helen Stephens Group LLC now owns 41,637 shares of the oil and gas company's stock worth $4,479,000 after acquiring an additional 2,825 shares during the period. Finally, Brooklyn Investment Group lifted its stake in Exxon Mobil by 36.8% in the 3rd quarter. Brooklyn Investment Group now owns 25,127 shares of the oil and gas company's stock worth $2,945,000 after purchasing an additional 6,753 shares in the last quarter. Institutional investors own 61.80% of the company's stock.
Shares of NYSE:XOM opened at $111.52 on Wednesday. Exxon Mobil Co. has a 52-week low of $95.77 and a 52-week high of $126.34. The stock has a market capitalization of $490.12 billion, a price-to-earnings ratio of 13.89, a PEG ratio of 3.01 and a beta of 0.91. 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 stock's 50-day simple moving average is $112.40 and its two-hundred day simple moving average is $115.50.
Exxon Mobil (NYSE:XOM - Get Free Report) last announced its 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. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The company had revenue of $90.02 billion during the quarter, compared to analyst estimates of $93.98 billion. During the same period in the previous year, the business posted $2.27 earnings per share. The firm's quarterly revenue was down .8% compared to the same quarter last year. Analysts expect that Exxon Mobil Co. will post 7.77 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Thursday, November 14th were issued a $0.99 dividend. This is a boost from Exxon Mobil's previous quarterly dividend of $0.95. This represents a $3.96 dividend on an annualized basis and a yield of 3.55%. The ex-dividend date was Thursday, November 14th. Exxon Mobil's dividend payout ratio (DPR) is currently 49.32%.
Several research analysts have recently weighed in on XOM shares. Scotiabank raised shares of Exxon Mobil from a "sector perform" rating to a "sector outperform" rating and upped their price target for the stock from $129.00 to $145.00 in a report on Thursday, October 10th. JPMorgan Chase & Co. decreased their target price on shares of Exxon Mobil from $130.00 to $125.00 and set an "overweight" rating on the stock in a research report on Monday, December 16th. Piper Sandler decreased their target price on Exxon Mobil from $138.00 to $127.00 and set an "overweight" rating for the company in a research report on Thursday, December 19th. 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. Finally, Redburn Atlantic restated a "neutral" rating and set a $120.00 price objective (up from $119.00) on shares of Exxon Mobil in a research note on Tuesday, September 24th. One equities 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 stock. Based on data from MarketBeat, Exxon Mobil has a consensus rating of "Moderate Buy" and an average target price of $128.84.
Get Our Latest Report on Exxon Mobil
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.
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