RMR Wealth Builders Buys 960 Shares of Exxon Mobil Co. (NYSE:XOM)

RMR Wealth Builders boosted its position in Exxon Mobil Co. (NYSE:XOM) by 3.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,042 shares of the oil and gas company’s stock after purchasing an additional 960 shares during the period. RMR Wealth Builders’ holdings in Exxon Mobil were worth $3,447,000 at the end of the most recent quarter.

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

Exxon Mobil Price Performance

NYSE:XOM traded down $0.39 during trading hours on Friday, reaching $106.54. 18,818,651 shares of the company were exchanged, compared to its average volume of 15,279,409. The firm has a market cap of $468.25 billion, a PE ratio of 13.27, a price-to-earnings-growth ratio of 4.65 and a beta of 0.91. The stock’s 50-day moving average is $113.66 and its 200-day moving average is $115.69. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $126.34.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data 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. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The company had revenue of $90.02 billion during the quarter, compared to analysts’ expectations of $93.98 billion. During the same quarter in the prior year, the company earned $2.27 EPS. Exxon Mobil’s revenue was down .8% compared to the same quarter last year. On average, sell-side analysts anticipate that Exxon Mobil Co. will post 7.95 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th were paid a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.72%. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date of this dividend was Thursday, November 14th. Exxon Mobil’s payout ratio is 49.32%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on XOM shares. Mizuho lowered their price objective on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating on the stock in a research report on Monday, December 16th. Truist Financial cut their price objective on Exxon Mobil from $121.00 to $117.00 and set a “hold” rating for the company in a report on Monday, September 30th. Wolfe Research lifted their target price on shares of Exxon Mobil from $137.00 to $138.00 in a research report on Thursday, October 31st. UBS Group decreased their price target on shares of Exxon Mobil from $149.00 to $147.00 and set a “buy” rating on the stock in a report on Thursday, December 12th. Finally, Redburn Atlantic reiterated a “neutral” rating and issued a $120.00 target price (up from $119.00) on shares of Exxon Mobil in a research report on Tuesday, September 24th. One investment analyst has rated the stock with a sell rating, seven have given 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 company presently has a consensus rating of “Moderate Buy” and an average target price of $128.74.

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.