Joule Financial LLC Boosts Stock Position in Exxon Mobil Co. (NYSE:XOM)

Joule Financial LLC grew its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 157.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,337 shares of the oil and gas company’s stock after buying an additional 9,990 shares during the quarter. Exxon Mobil accounts for about 0.6% of Joule Financial LLC’s investment portfolio, making the stock its 25th largest holding. Joule Financial LLC’s holdings in Exxon Mobil were worth $1,757,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. FMR LLC raised its holdings in shares of Exxon Mobil by 0.3% during the third quarter. FMR LLC now owns 151,863,649 shares of the oil and gas company’s stock worth $17,801,457,000 after purchasing an additional 395,218 shares during the period. Geode Capital Management LLC raised its stake in Exxon Mobil by 1.8% during the third quarter. Geode Capital Management LLC now owns 92,194,981 shares of the oil and gas company’s stock worth $10,777,735,000 after acquiring an additional 1,622,064 shares during the period. Legal & General Group Plc lifted its holdings in Exxon Mobil by 19.3% in the second quarter. Legal & General Group Plc now owns 32,308,002 shares of the oil and gas company’s stock worth $3,719,296,000 after acquiring an additional 5,235,607 shares during the last quarter. Franklin Resources Inc. boosted its stake in Exxon Mobil by 16.3% in the third quarter. Franklin Resources Inc. now owns 31,522,556 shares of the oil and gas company’s stock valued at $3,936,929,000 after acquiring an additional 4,415,012 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Exxon Mobil by 0.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 31,160,117 shares of the oil and gas company’s stock worth $3,652,589,000 after purchasing an additional 146,374 shares during the period. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Stock Performance

XOM opened at $112.37 on Tuesday. 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 firm has a market cap of $493.89 billion, a PE ratio of 13.99, a P/E/G ratio of 2.70 and a beta of 0.91. The business has a fifty day simple moving average of $112.56 and a 200-day simple moving average of $115.51. Exxon Mobil Co. has a fifty-two week low of $95.77 and a fifty-two week high of $126.34.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results 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 during 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%. During the same quarter last year, the company posted $2.27 EPS. Exxon Mobil’s revenue for the quarter was down .8% on a year-over-year basis. As a group, equities analysts predict that Exxon Mobil Co. will post 7.86 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th were issued a dividend of $0.99 per share. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.52%. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s payout ratio is currently 49.32%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on XOM. BNP Paribas lowered 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. Barclays lowered their price target on shares of Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating for the company in a research report on Thursday, October 3rd. Bank of America started coverage on shares of Exxon Mobil in a research note on Thursday, October 17th. They set a “neutral” rating and a $124.00 target price for the company. Piper Sandler dropped their price target on shares of Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating on the stock in a research note on Thursday, December 19th. Finally, Scotiabank upgraded Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and boosted their price objective for the stock from $129.00 to $145.00 in a research report on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price 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.