Woodstock Corp Buys 576 Shares of Exxon Mobil Co. (NYSE:XOM)

Woodstock Corp lifted its position in Exxon Mobil Co. (NYSE:XOM) by 0.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 120,157 shares of the oil and gas company’s stock after buying an additional 576 shares during the quarter. Exxon Mobil comprises approximately 1.2% of Woodstock Corp’s holdings, making the stock its 21st biggest position. Woodstock Corp’s holdings in Exxon Mobil were worth $12,925,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. International Assets Investment Management LLC raised its stake in Exxon Mobil by 7,761.0% in the third quarter. International Assets Investment Management LLC now owns 6,893,677 shares of the oil and gas company’s stock valued at $808,077,000 after buying an additional 6,805,982 shares during the period. Legal & General Group Plc increased its holdings in shares of Exxon Mobil by 19.3% during the 2nd quarter. Legal & General Group Plc now owns 32,308,002 shares of the oil and gas company’s stock worth $3,719,296,000 after acquiring an additional 5,235,607 shares during the last quarter. Franklin Resources Inc. raised its stake in Exxon Mobil by 16.3% in the 3rd quarter. Franklin Resources Inc. now owns 31,522,556 shares of the oil and gas company’s stock valued at $3,936,929,000 after acquiring an additional 4,415,012 shares during the period. Clearbridge Investments LLC lifted its holdings in Exxon Mobil by 117.5% during the 2nd quarter. Clearbridge Investments LLC now owns 7,668,483 shares of the oil and gas company’s stock valued at $882,795,000 after purchasing an additional 4,142,171 shares during the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC bought a new position in Exxon Mobil during the second quarter worth $469,284,000. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Trading Up 0.9 %

XOM opened at $112.37 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $126.34. The stock has a market capitalization of $493.89 billion, a price-to-earnings ratio of 13.99, a P/E/G ratio of 2.70 and a beta of 0.91. The company has a 50-day simple moving average of $112.73 and a 200 day simple moving average of $115.52.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, topping 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 business had revenue of $90.02 billion for the quarter, compared to analyst estimates of $93.98 billion. During the same quarter last year, the business posted $2.27 EPS. The firm’s revenue for the quarter was down .8% on a year-over-year basis. Analysts predict that Exxon Mobil Co. will post 7.86 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders 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. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $3.96 annualized dividend and a dividend yield of 3.52%. Exxon Mobil’s dividend payout ratio (DPR) is presently 49.32%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on XOM. Morgan Stanley dropped their price objective on shares of Exxon Mobil from $142.00 to $140.00 in a research report on Thursday, October 31st. Scotiabank upgraded shares of Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and raised their price objective for the stock from $129.00 to $145.00 in a research report on Thursday, October 10th. Piper Sandler decreased their target price 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. BNP Paribas lowered Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 target price on the stock. in a research note on Wednesday, October 9th. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $115.00 price target on shares of Exxon Mobil in a research note on Thursday, December 12th. One 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 company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $128.84.

About 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.