PFG Investments LLC Increases Holdings in Exxon Mobil Co. (NYSE:XOM)

PFG Investments LLC raised its stake in Exxon Mobil Co. (NYSE:XOM) by 0.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 145,003 shares of the oil and gas company’s stock after acquiring an additional 304 shares during the period. Exxon Mobil makes up 1.0% of PFG Investments LLC’s portfolio, making the stock its 12th biggest position. PFG Investments LLC’s holdings in Exxon Mobil were worth $15,598,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Retirement Wealth Solutions LLC purchased a new stake in shares of Exxon Mobil during the 4th quarter valued at about $46,000. Peterson Financial Group Inc. purchased a new stake in Exxon Mobil during the third quarter valued at approximately $51,000. Highline Wealth Partners LLC bought a new position in Exxon Mobil in the third quarter worth approximately $54,000. Harbor Capital Advisors Inc. purchased a new position in shares of Exxon Mobil during the 3rd quarter worth $63,000. Finally, Annapolis Financial Services LLC grew its position in shares of Exxon Mobil by 284.9% during the 3rd quarter. Annapolis Financial Services LLC now owns 766 shares of the oil and gas company’s stock valued at $90,000 after acquiring an additional 567 shares during the period. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Price Performance

NYSE:XOM opened at $108.69 on Thursday. The firm has a market capitalization of $477.69 billion, a price-to-earnings ratio of 13.54, a PEG ratio of 2.86 and a beta of 0.91. 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 business has a 50 day simple moving average of $111.14 and a 200-day simple moving average of $115.38. Exxon Mobil Co. has a 1 year low of $100.42 and a 1 year high of $126.34.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, beating analysts’ consensus estimates of $1.91 by $0.01. The business had revenue of $90.02 billion for the quarter, compared to analysts’ expectations of $93.98 billion. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The business’s revenue was down .8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.27 earnings per share. Equities analysts forecast that Exxon Mobil Co. will post 7.77 EPS for the current year.

Exxon Mobil Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th were paid a $0.99 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $3.96 annualized dividend and a yield of 3.64%. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s dividend payout ratio (DPR) is presently 49.32%.

Analyst Ratings Changes

XOM has been the topic of several analyst reports. Wolfe Research lifted their target price on Exxon Mobil from $137.00 to $138.00 in a research report on Thursday, October 31st. Barclays cut their price objective on Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating for the company in a research note on Thursday, October 3rd. TD Cowen decreased their target price on shares of Exxon Mobil from $132.00 to $128.00 and set a “buy” rating on the stock in a research note on Monday, December 16th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $115.00 price target on shares of Exxon Mobil in a research report on Thursday, December 12th. Finally, The Goldman Sachs Group lifted their price objective on shares of Exxon Mobil from $118.00 to $120.00 in a research report on Thursday, October 31st. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target 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.