Raleigh Capital Management Inc. Increases Stock Position in Exxon Mobil Co. (NYSE:XOM)

Raleigh Capital Management Inc. grew its position in Exxon Mobil Co. (NYSE:XOM) by 34.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,052 shares of the oil and gas company’s stock after buying an additional 6,407 shares during the quarter. Exxon Mobil accounts for 1.0% of Raleigh Capital Management Inc.’s holdings, making the stock its 15th largest holding. Raleigh Capital Management Inc.’s holdings in Exxon Mobil were worth $2,695,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. International Assets Investment Management LLC grew its stake in shares of Exxon Mobil by 7,761.0% during the third quarter. International Assets Investment Management LLC now owns 6,893,677 shares of the oil and gas company’s stock worth $808,077,000 after purchasing an additional 6,805,982 shares in the last quarter. Franklin Resources Inc. lifted its position in shares of Exxon Mobil by 16.3% during the 3rd quarter. Franklin Resources Inc. now owns 31,522,556 shares of the oil and gas company’s stock worth $3,936,929,000 after buying an additional 4,415,012 shares during the last quarter. Clearbridge Investments LLC lifted its position in Exxon Mobil by 117.5% in the second quarter. Clearbridge Investments LLC now owns 7,668,483 shares of the oil and gas company’s stock valued at $882,795,000 after acquiring an additional 4,142,171 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in Exxon Mobil by 168.5% in the third quarter. Assenagon Asset Management S.A. now owns 4,530,457 shares of the oil and gas company’s stock valued at $531,060,000 after acquiring an additional 2,842,844 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Exxon Mobil by 1.8% during the third quarter. Geode Capital Management LLC now owns 92,194,981 shares of the oil and gas company’s stock worth $10,777,735,000 after purchasing an additional 1,622,064 shares during the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Exxon Mobil Stock Down 1.4 %

Shares of Exxon Mobil stock opened at $108.64 on Friday. The business has a 50-day moving average price of $111.56 and a 200 day moving average price of $115.38. Exxon Mobil Co. has a fifty-two week low of $99.61 and a fifty-two week high of $126.34. The firm has a market cap of $477.48 billion, a P/E ratio of 13.53, a P/E/G ratio of 2.86 and a beta of 0.91. 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 (NYSE:XOM) last announced 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. The business had revenue of $90.02 billion for the quarter, compared to the consensus estimate of $93.98 billion. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The business’s revenue was down .8% on a year-over-year basis. During the same quarter last year, the business posted $2.27 EPS. On average, sell-side analysts forecast that Exxon Mobil Co. will post 7.77 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Thursday, November 14th were given a $0.99 dividend. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 annualized dividend and a yield of 3.65%. The ex-dividend date was Thursday, November 14th. Exxon Mobil’s dividend payout ratio (DPR) is currently 49.32%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on XOM shares. Morgan Stanley reduced their price objective on Exxon Mobil from $142.00 to $140.00 in a research note on Thursday, October 31st. Truist Financial lifted their target price on Exxon Mobil from $117.00 to $119.00 and gave the company a “hold” rating in a research note on Monday, January 13th. Bank of America assumed coverage on shares of Exxon Mobil in a research report on Thursday, October 17th. They set a “neutral” rating and a $124.00 price objective for the company. Royal Bank of Canada restated a “sector perform” rating and issued a $115.00 price objective on shares of Exxon Mobil in a research report on Thursday, December 12th. Finally, Piper Sandler reduced their target price on Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating for the company in a report on Thursday, December 19th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, ten have given a buy rating and one has issued 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.

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.