Central Valley Advisors LLC Raises Position in Exxon Mobil Co. (NYSE:XOM)

Central Valley Advisors LLC increased its holdings in Exxon Mobil Co. (NYSE:XOM) by 5.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,860 shares of the oil and gas company’s stock after purchasing an additional 384 shares during the period. Central Valley Advisors LLC’s holdings in Exxon Mobil were worth $738,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in XOM. Eagle Capital Management LLC boosted its position in shares of Exxon Mobil by 4.9% in the second quarter. Eagle Capital Management LLC now owns 2,460 shares of the oil and gas company’s stock worth $283,000 after acquiring an additional 114 shares during the last quarter. Gardner Lewis Asset Management L P purchased a new stake in Exxon Mobil during the second quarter valued at about $9,023,000. Carolinas Wealth Consulting LLC increased its stake in Exxon Mobil by 71.3% during the second quarter. Carolinas Wealth Consulting LLC now owns 8,204 shares of the oil and gas company’s stock worth $944,000 after acquiring an additional 3,415 shares during the last quarter. Paces Ferry Wealth Advisors LLC raised its holdings in shares of Exxon Mobil by 18.7% in the 2nd quarter. Paces Ferry Wealth Advisors LLC now owns 4,887 shares of the oil and gas company’s stock worth $563,000 after purchasing an additional 770 shares during the period. Finally, Kentucky Retirement Systems lifted its stake in shares of Exxon Mobil by 12.1% in the 2nd quarter. Kentucky Retirement Systems now owns 338,043 shares of the oil and gas company’s stock valued at $38,916,000 after purchasing an additional 36,474 shares in the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Exxon Mobil Stock Performance

Shares of XOM stock opened at $112.37 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. The business has a 50 day moving average of $112.73 and a two-hundred day moving average of $115.52. The company has a market cap of $493.89 billion, a P/E ratio of 13.99, a PEG ratio of 2.70 and a beta of 0.91. Exxon Mobil Co. has a 52 week low of $95.77 and a 52 week high of $126.34.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, topping analysts’ consensus estimates of $1.91 by $0.01. The firm had revenue of $90.02 billion during 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 firm’s revenue was down .8% on a year-over-year basis. During the same period in the prior year, the business earned $2.27 EPS. As a group, analysts anticipate that Exxon Mobil Co. will post 7.86 EPS for the current year.

Exxon Mobil Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th were given a dividend of $0.99 per share. The ex-dividend date of this dividend 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 3.52%. Exxon Mobil’s payout ratio is currently 49.32%.

Analyst Upgrades and Downgrades

Several research firms recently commented on XOM. Truist Financial raised their price target on shares of Exxon Mobil from $117.00 to $119.00 and gave the company a “hold” rating in a report on Monday, January 13th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $115.00 price target on shares of Exxon Mobil in a report on Thursday, December 12th. Piper Sandler cut their price objective on Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating on the stock in a research report on Thursday, December 19th. UBS Group decreased their target price on Exxon Mobil from $149.00 to $147.00 and set a “buy” rating for the company in a research report on Thursday, December 12th. Finally, JPMorgan Chase & Co. dropped their target price on Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating on the stock in a report on Monday, December 16th. One equities 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 data from MarketBeat, Exxon Mobil presently has a consensus rating of “Moderate Buy” and a consensus target price of $128.84.

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.