Lifestyle Asset Management Inc. Has $6.54 Million Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Lifestyle Asset Management Inc. raised its holdings in Exxon Mobil Co. (NYSE:XOM) by 0.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 60,814 shares of the oil and gas company’s stock after acquiring an additional 208 shares during the period. Exxon Mobil comprises 3.6% of Lifestyle Asset Management Inc.’s holdings, making the stock its 7th biggest holding. Lifestyle Asset Management Inc.’s holdings in Exxon Mobil were worth $6,542,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of XOM. Veracity Capital LLC increased its holdings in shares of Exxon Mobil by 3.6% during the fourth quarter. Veracity Capital LLC now owns 7,593 shares of the oil and gas company’s stock worth $817,000 after buying an additional 263 shares in the last quarter. Secure Asset Management LLC grew its position in Exxon Mobil by 9.4% during the 4th quarter. Secure Asset Management LLC now owns 46,650 shares of the oil and gas company’s stock worth $5,018,000 after acquiring an additional 4,011 shares during the last quarter. Verde Capital Management acquired a new position in Exxon Mobil in the 4th quarter worth about $211,000. Red Door Wealth Management LLC raised its position in Exxon Mobil by 57.0% in the fourth quarter. Red Door Wealth Management LLC now owns 37,113 shares of the oil and gas company’s stock valued at $3,992,000 after purchasing an additional 13,475 shares during the last quarter. Finally, Galvin Gaustad & Stein LLC boosted its stake in shares of Exxon Mobil by 1.7% during the fourth quarter. Galvin Gaustad & Stein LLC now owns 21,344 shares of the oil and gas company’s stock valued at $2,296,000 after purchasing an additional 354 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Stock Down 1.4 %

Exxon Mobil stock opened at $108.64 on Monday. The company has a market capitalization of $477.48 billion, a PE ratio of 13.53, a PEG ratio of 2.86 and a beta of 0.91. Exxon Mobil Co. has a 12-month low of $99.61 and a 12-month high of $126.34. The firm’s fifty day moving average is $111.56 and its 200 day moving average is $115.41. 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 data on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, beating 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 firm had revenue of $90.02 billion for the quarter, compared to analyst estimates of $93.98 billion. During the same quarter in the prior year, the business earned $2.27 earnings per share. The business’s quarterly revenue was down .8% compared to the same quarter last year. As a group, sell-side analysts predict that Exxon Mobil Co. will post 7.77 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently disclosed 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. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date was Thursday, November 14th. This represents a $3.96 annualized dividend and a dividend yield of 3.65%. Exxon Mobil’s payout ratio is currently 49.32%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on XOM. Piper Sandler lowered their price objective on Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating for the company in a research note on Thursday, December 19th. Morgan Stanley decreased their price target 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 lifted their price target for the stock from $129.00 to $145.00 in a report on Thursday, October 10th. TD Cowen decreased their price objective on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating for the company in a report on Monday, December 16th. Finally, Mizuho cut their target price on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating on the stock in a report on Monday, December 16th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Exxon Mobil currently has a consensus rating of “Moderate Buy” and an average target price of $128.84.

Exxon Mobil 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.