Empower Advisory Group LLC lifted its holdings in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 3.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,456,882 shares of the oil and gas company's stock after buying an additional 45,722 shares during the period. Empower Advisory Group LLC's holdings in Exxon Mobil were worth $156,717,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently modified their holdings of XOM. Keystone Financial Group Inc. acquired a new position in shares of Exxon Mobil during the 4th quarter worth $36,000. Retirement Wealth Solutions LLC acquired a new position in shares of Exxon Mobil during the 4th quarter worth $46,000. Compass Financial Services Inc acquired a new position in shares of Exxon Mobil during the 4th quarter worth $48,000. Peterson Financial Group Inc. acquired a new position in Exxon Mobil in the 3rd quarter worth about $51,000. Finally, Highline Wealth Partners LLC acquired a new position in Exxon Mobil in the 3rd quarter worth about $54,000. Institutional investors and hedge funds own 61.80% of the company's stock.
Shares of NYSE:XOM opened at $112.12 on Friday. The firm has a market cap of $492.78 billion, a P/E ratio of 14.30, a PEG ratio of 2.97 and a beta of 0.89. Exxon Mobil Co. has a 52-week low of $102.88 and a 52-week high of $126.34. The business's 50 day simple moving average is $108.60 and its two-hundred day simple moving average is $114.52. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31.
Exxon Mobil (NYSE:XOM - Get Free Report) last issued its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 EPS for the quarter, missing the consensus estimate of $1.77 by ($0.10). Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. During the same period in the previous year, the company earned $2.48 earnings per share. As a group, research analysts forecast that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th will be paid a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 3.53%. The ex-dividend date is Wednesday, February 12th. Exxon Mobil's dividend payout ratio (DPR) is presently 50.51%.
A number of equities analysts have issued reports on the company. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $115.00 target price on shares of Exxon Mobil in a report on Monday, February 3rd. JPMorgan Chase & Co. reduced their price target on Exxon Mobil from $130.00 to $125.00 and set an "overweight" rating on the stock in a research report on Monday, December 16th. Scotiabank reduced their price target on Exxon Mobil from $145.00 to $140.00 in a research report on Friday, January 31st. TD Cowen reduced their price target on Exxon Mobil from $132.00 to $128.00 and set a "buy" rating on the stock in a research report on Monday, December 16th. Finally, Piper Sandler reduced their price target on Exxon Mobil from $138.00 to $127.00 and set an "overweight" rating on the stock in a research report on Thursday, December 19th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $129.25.
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In related news, VP Darrin L. Talley sold 2,100 shares of the stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total transaction of $231,000.00. Following the completion of the sale, the vice president now directly owns 18,087 shares of the company's stock, valued at approximately $1,989,570. This trade represents a 10.40 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.03% of the company's stock.
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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