RFG Advisory LLC Has $8.17 Million Holdings in Exxon Mobil Co. (NYSE:XOM)

RFG Advisory LLC raised its position in shares of Exxon Mobil Co. (NYSE:XOM) by 3.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 75,967 shares of the oil and gas company’s stock after buying an additional 2,695 shares during the period. RFG Advisory LLC’s holdings in Exxon Mobil were worth $8,172,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Shilanski & Associates Inc. lifted its position in Exxon Mobil by 1.0% during the 4th quarter. Shilanski & Associates Inc. now owns 55,609 shares of the oil and gas company’s stock worth $5,982,000 after buying an additional 548 shares in the last quarter. Motive Wealth Advisors lifted its position in shares of Exxon Mobil by 5.6% during the fourth quarter. Motive Wealth Advisors now owns 3,649 shares of the oil and gas company’s stock worth $393,000 after purchasing an additional 192 shares in the last quarter. MFA Wealth Services bought a new stake in shares of Exxon Mobil during the fourth quarter valued at approximately $569,000. McGlone Suttner Wealth Management Inc. increased its holdings in shares of Exxon Mobil by 12.0% in the fourth quarter. McGlone Suttner Wealth Management Inc. now owns 13,153 shares of the oil and gas company’s stock valued at $1,415,000 after purchasing an additional 1,407 shares in the last quarter. Finally, Cornerstone Wealth Management LLC raised its position in Exxon Mobil by 1.5% in the 4th quarter. Cornerstone Wealth Management LLC now owns 74,988 shares of the oil and gas company’s stock worth $8,067,000 after purchasing an additional 1,134 shares during the last quarter. Institutional investors 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 50 day moving average of $111.56 and a 200-day moving average of $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 Co. has a twelve month low of $99.61 and a twelve month high of $126.34. The stock has a market capitalization of $477.48 billion, a PE ratio of 13.53, a price-to-earnings-growth ratio of 2.86 and a beta of 0.91.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, topping 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 during the quarter, compared to analyst estimates of $93.98 billion. During the same period in the prior year, the business earned $2.27 EPS. The company’s revenue for the quarter was down .8% compared to the same quarter last year. On average, equities research analysts anticipate that Exxon Mobil Co. will post 7.77 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The company 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 represents a $3.96 dividend on an annualized basis and a yield of 3.65%. The ex-dividend date of this dividend was Thursday, November 14th. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s dividend payout ratio (DPR) is currently 49.32%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on XOM shares. JPMorgan Chase & Co. decreased their price objective on Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating on the stock in a research report on Monday, December 16th. Scotiabank raised shares of Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and raised their target price for the company from $129.00 to $145.00 in a research note on Thursday, October 10th. Barclays dropped their price target on shares of Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating for the company in a research note on Thursday, October 3rd. Piper Sandler reduced their price objective on shares of 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, Royal Bank of Canada reiterated a “sector perform” rating and set a $115.00 target price on shares of Exxon Mobil in a research report on Thursday, December 12th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus 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.