Versant Capital Management Inc Buys 396 Shares of Exxon Mobil Co. (NYSE:XOM)

Versant Capital Management Inc grew its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 0.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 81,457 shares of the oil and gas company’s stock after acquiring an additional 396 shares during the period. Exxon Mobil comprises 1.9% of Versant Capital Management Inc’s investment portfolio, making the stock its 12th biggest position. Versant Capital Management Inc’s holdings in Exxon Mobil were worth $8,762,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Fairway Wealth LLC purchased a new stake in Exxon Mobil during the second quarter valued at about $35,000. Fairscale Capital LLC purchased a new stake in shares of Exxon Mobil during the 2nd quarter valued at approximately $39,000. Hershey Financial Advisers LLC bought a new position in Exxon Mobil in the 2nd quarter worth approximately $46,000. Peterson Financial Group Inc. purchased a new position in Exxon Mobil in the 3rd quarter valued at approximately $51,000. Finally, Highline Wealth Partners LLC bought a new stake in Exxon Mobil during the 3rd quarter valued at $54,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Performance

Shares of XOM opened at $107.31 on Friday. Exxon Mobil Co. has a one year low of $95.77 and a one year high of $126.34. The company has a 50-day simple moving average of $114.94 and a two-hundred day simple moving average of $115.83. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01. The firm has a market capitalization of $471.64 billion, a PE ratio of 13.36, a price-to-earnings-growth ratio of 4.65 and a beta of 0.89.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, beating analysts’ consensus estimates of $1.91 by $0.01. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The firm had revenue of $90.02 billion for the quarter, compared to analysts’ expectations of $93.98 billion. During the same quarter in the previous year, the business posted $2.27 EPS. The company’s quarterly revenue was down .8% on a year-over-year basis. On average, analysts anticipate that Exxon Mobil Co. will post 7.95 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th were issued a dividend of $0.99 per share. The ex-dividend date was Thursday, November 14th. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 annualized dividend and a dividend yield of 3.69%. Exxon Mobil’s dividend payout ratio (DPR) is presently 49.32%.

Analyst Ratings Changes

XOM has been the subject of a number of analyst reports. BNP Paribas cut shares of Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price objective for the company. in a research note on Wednesday, October 9th. Truist Financial reduced their price target on shares of Exxon Mobil from $121.00 to $117.00 and set a “hold” rating for the company in a research report on Monday, September 30th. UBS Group lowered their price objective on Exxon Mobil from $149.00 to $147.00 and set a “buy” rating on the stock in a research report on Thursday, December 12th. JPMorgan Chase & Co. reduced their target price on Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating for the company in a research report on Monday, December 16th. Finally, Piper Sandler lowered their price target on Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating on the stock in a report on Thursday, December 19th. One 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’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $128.74.

Exxon Mobil Company Profile

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.