Exxon Mobil Co. (NYSE:XOM) is Peddock Capital Advisors LLC’s 2nd Largest Position

Peddock Capital Advisors LLC lessened its position in Exxon Mobil Co. (NYSE:XOM) by 0.0% in the 4th quarter, Holdings Channel.com reports. The fund owned 267,421 shares of the oil and gas company’s stock after selling 93 shares during the period. Exxon Mobil comprises 6.9% of Peddock Capital Advisors LLC’s investment portfolio, making the stock its 2nd largest holding. Peddock Capital Advisors LLC’s holdings in Exxon Mobil were worth $28,766,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in XOM. Fairway Wealth LLC purchased a new position in shares of Exxon Mobil during the second quarter valued at approximately $35,000. Fairscale Capital LLC bought a new stake in shares of Exxon Mobil during the 2nd quarter worth approximately $39,000. Hershey Financial Advisers LLC purchased a new position in Exxon Mobil during the 2nd quarter valued at $46,000. Peterson Financial Group Inc. bought a new position in Exxon Mobil in the 3rd quarter valued at $51,000. Finally, Highline Wealth Partners LLC purchased a new stake in Exxon Mobil in the third quarter worth $54,000. 61.80% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Price Performance

NYSE XOM opened at $109.27 on Tuesday. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $126.34. The firm’s fifty day simple moving average is $113.31 and its two-hundred day simple moving average is $115.61. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $480.25 billion, a P/E ratio of 13.61, a P/E/G ratio of 4.65 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 (EPS) for the quarter, beating the consensus estimate of $1.91 by $0.01. The company had revenue of $90.02 billion for the quarter, compared to analyst estimates of $93.98 billion. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The firm’s quarterly revenue was down .8% compared to the same quarter last year. During the same period in the prior year, the company posted $2.27 EPS. Analysts forecast that Exxon Mobil Co. will post 7.95 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Thursday, November 14th were given a $0.99 dividend. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 annualized dividend and a dividend yield of 3.62%. The ex-dividend date of this dividend was Thursday, November 14th. Exxon Mobil’s dividend payout ratio (DPR) is presently 49.32%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on XOM shares. Redburn Atlantic reissued a “neutral” rating and set a $120.00 target price (up from $119.00) on shares of Exxon Mobil in a research note on Tuesday, September 24th. Royal Bank of Canada restated a “sector perform” rating and issued a $115.00 target price on shares of Exxon Mobil in a research note on Thursday, December 12th. BMO Capital Markets lifted their price target on shares of Exxon Mobil from $127.00 to $130.00 and gave the company a “market perform” rating in a research note on Friday, October 4th. Barclays dropped their price objective on Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating on the stock in a research note on Thursday, October 3rd. Finally, Truist Financial lifted their target price on Exxon Mobil from $117.00 to $119.00 and gave the company a “hold” rating in a research report on Monday. One equities 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 given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Exxon Mobil has an average rating of “Moderate Buy” and an average price target 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.