Client 1ST Advisory Group LLC Purchases Shares of 35,789 Exxon Mobil Co. (NYSE:XOM)

Client 1ST Advisory Group LLC acquired a new stake in Exxon Mobil Co. (NYSE:XOM) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 35,789 shares of the oil and gas company’s stock, valued at approximately $3,850,000. Exxon Mobil makes up about 1.5% of Client 1ST Advisory Group LLC’s holdings, making the stock its 15th largest holding.

A number of other hedge funds have also recently made changes to their positions in the business. Fairscale Capital LLC purchased a new stake in Exxon Mobil in the 2nd quarter valued at $39,000. Hershey Financial Advisers LLC bought a new stake in shares of Exxon Mobil in the 2nd quarter worth $46,000. Retirement Wealth Solutions LLC bought a new position in shares of Exxon Mobil during the fourth quarter valued at about $46,000. Peterson Financial Group Inc. purchased a new position in Exxon Mobil during the third quarter worth about $51,000. Finally, Highline Wealth Partners LLC bought a new stake in Exxon Mobil in the 3rd quarter worth about $54,000. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have commented on XOM shares. Royal Bank of Canada reissued a “sector perform” rating and set a $115.00 target price on shares of Exxon Mobil in a research report on Thursday, December 12th. Wolfe Research lifted their price target on Exxon Mobil from $137.00 to $138.00 in a report on Thursday, October 31st. Bank of America began coverage on Exxon Mobil in a research note on Thursday, October 17th. They issued a “neutral” rating and a $124.00 price objective for the company. Piper Sandler lowered their target price on Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating on the stock in a research note on Thursday, December 19th. Finally, BMO Capital Markets increased their price target on shares of Exxon Mobil from $127.00 to $130.00 and gave the company a “market perform” rating in a research report on Friday, October 4th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Exxon Mobil has an average rating of “Moderate Buy” and an average target price of $128.84.

Exxon Mobil Trading Up 0.9 %

Shares of XOM opened at $112.37 on Tuesday. The business’s 50-day moving average price is $112.56 and its 200-day moving average price is $115.51. 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 cap of $493.89 billion, a PE ratio of 13.99, a P/E/G ratio of 2.70 and a beta of 0.91.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, beating the consensus estimate of $1.91 by $0.01. The firm had revenue of $90.02 billion during 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 business’s quarterly revenue was down .8% compared to the same quarter last year. During the same period last year, the firm earned $2.27 EPS. On average, equities analysts forecast that Exxon Mobil Co. will post 7.86 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders 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. This represents a $3.96 dividend on an annualized basis and a yield of 3.52%. The ex-dividend date was Thursday, November 14th. Exxon Mobil’s dividend payout ratio is currently 49.32%.

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.