Doliver Advisors LP Acquires 13,359 Shares of Exxon Mobil Co. (NYSE:XOM)

Doliver Advisors LP lifted its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 1.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,155,606 shares of the oil and gas company’s stock after buying an additional 13,359 shares during the period. Exxon Mobil comprises about 34.6% of Doliver Advisors LP’s portfolio, making the stock its biggest holding. Doliver Advisors LP’s holdings in Exxon Mobil were worth $124,308,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of XOM. Eagle Capital Management LLC increased its holdings in Exxon Mobil by 4.9% in the 2nd quarter. Eagle Capital Management LLC now owns 2,460 shares of the oil and gas company’s stock worth $283,000 after purchasing an additional 114 shares in the last quarter. Stablepoint Partners LLC raised its holdings in Exxon Mobil by 73.0% in the 2nd quarter. Stablepoint Partners LLC now owns 25,242 shares of the oil and gas company’s stock valued at $2,931,000 after buying an additional 10,655 shares during the last quarter. Vance Wealth Inc. boosted its position in Exxon Mobil by 79.5% during the 2nd quarter. Vance Wealth Inc. now owns 6,419 shares of the oil and gas company’s stock worth $739,000 after buying an additional 2,842 shares during the period. Cora Capital Advisors LLC grew its holdings in Exxon Mobil by 1.5% during the 2nd quarter. Cora Capital Advisors LLC now owns 8,823 shares of the oil and gas company’s stock worth $1,016,000 after acquiring an additional 131 shares during the last quarter. Finally, Commons Capital LLC increased its position in Exxon Mobil by 2.5% in the 2nd quarter. Commons Capital LLC now owns 5,487 shares of the oil and gas company’s stock valued at $632,000 after acquiring an additional 135 shares during the period. 61.80% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on XOM shares. Barclays reduced their price objective on shares of Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating on the stock in a research note on Thursday, October 3rd. TD Cowen decreased their price target on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating for the company in a research note on Monday, December 16th. BNP Paribas downgraded Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price objective for the company. in a research report on Wednesday, October 9th. Truist Financial reduced their target price on Exxon Mobil from $121.00 to $117.00 and set a “hold” rating on the stock in a report on Monday, September 30th. Finally, Wolfe Research raised their price target on shares of Exxon Mobil from $137.00 to $138.00 in a report on Thursday, October 31st. One investment 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’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $128.74.

Exxon Mobil Stock Up 0.1 %

Shares of NYSE XOM traded up $0.12 during midday trading on Monday, hitting $107.98. 8,083,360 shares of the stock traded hands, compared to its average volume of 11,563,817. Exxon Mobil Co. has a one year low of $95.77 and a one year high of $126.34. The business has a 50 day moving average price of $114.46 and a two-hundred day moving average price of $115.86. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.35. The company has a market cap of $474.58 billion, a PE ratio of 13.45, a P/E/G ratio of 4.65 and a beta of 0.91.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, beating 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 business had revenue of $90.02 billion during the quarter, compared to analyst estimates of $93.98 billion. During the same quarter in the previous year, the business posted $2.27 EPS. Exxon Mobil’s quarterly revenue was down .8% on a year-over-year basis. On average, equities analysts predict that Exxon Mobil Co. will post 7.95 EPS for the current year.

Exxon Mobil Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th were paid a dividend of $0.99 per share. The ex-dividend date was Thursday, November 14th. This represents a $3.96 dividend on an annualized basis and a yield of 3.67%. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s payout ratio is 49.32%.

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.