Burns J W & Co. Inc. NY Acquires 243 Shares of Exxon Mobil Co. (NYSE:XOM)

Burns J W & Co. Inc. NY boosted its holdings in Exxon Mobil Co. (NYSE:XOM) by 0.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 38,194 shares of the oil and gas company’s stock after purchasing an additional 243 shares during the quarter. Burns J W & Co. Inc. NY’s holdings in Exxon Mobil were worth $4,109,000 at the end of the most recent quarter.

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

Exxon Mobil Price Performance

XOM opened at $109.27 on Tuesday. Exxon Mobil Co. has a fifty-two week low of $95.77 and a fifty-two week high of $126.34. The firm has a 50-day moving average of $113.31 and a 200 day moving average of $115.61. The firm has a market cap of $480.25 billion, a P/E ratio of 13.61, a PEG ratio of 4.65 and a beta of 0.91. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.35.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.91 by $0.01. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The business had revenue of $90.02 billion during the quarter, compared to the consensus estimate of $93.98 billion. During the same period last year, the business posted $2.27 earnings per share. The business’s revenue for the quarter was down .8% on a year-over-year basis. On average, research analysts expect that Exxon Mobil Co. will post 7.95 EPS for the current year.

Exxon Mobil Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders 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 is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 annualized dividend and a yield of 3.62%. Exxon Mobil’s dividend payout ratio is 49.32%.

Analysts Set New Price Targets

Several brokerages have issued reports on XOM. BNP Paribas lowered Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price target on the stock. in a report on Wednesday, October 9th. Wells Fargo & Company lifted their price target on shares of Exxon Mobil from $135.00 to $136.00 and gave the company an “overweight” rating in a research report on Friday, September 27th. Piper Sandler lowered their price objective on shares of Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating on the stock in a report on Thursday, December 19th. Morgan Stanley reduced their price objective on shares of Exxon Mobil from $142.00 to $140.00 in a report on Thursday, October 31st. Finally, The Goldman Sachs Group upped their target price on shares of Exxon Mobil from $118.00 to $120.00 in a report on Thursday, October 31st. 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 issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average 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.