Fullcircle Wealth LLC Buys 667 Shares of Exxon Mobil Co. (NYSE:XOM)

Fullcircle Wealth LLC grew its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 7.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 9,138 shares of the oil and gas company’s stock after acquiring an additional 667 shares during the period. Fullcircle Wealth LLC’s holdings in Exxon Mobil were worth $988,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of XOM. Fairway Wealth LLC purchased a new stake in Exxon Mobil in the fourth quarter worth $31,000. Keystone Financial Group Inc. purchased a new stake in Exxon Mobil in the 4th quarter worth about $36,000. Retirement Wealth Solutions LLC bought a new stake in Exxon Mobil in the 4th quarter valued at about $46,000. Compass Planning Associates Inc purchased a new stake in Exxon Mobil during the fourth quarter valued at about $47,000. Finally, Clarity Asset Management Inc. boosted its position in Exxon Mobil by 29.7% during the fourth quarter. Clarity Asset Management Inc. now owns 437 shares of the oil and gas company’s stock worth $47,000 after purchasing an additional 100 shares during the period. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on XOM. UBS Group lowered their price target on shares of Exxon Mobil from $135.00 to $131.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Bernstein Bank increased their target price on Exxon Mobil from $138.00 to $144.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Truist Financial boosted their price objective on Exxon Mobil from $117.00 to $119.00 and gave the company a “hold” rating in a research note on Monday, January 13th. Wells Fargo & Company dropped their price objective on Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating on the stock in a report on Monday, February 3rd. Finally, Barclays reduced their target price on Exxon Mobil from $130.00 to $127.00 and set an “overweight” rating for the company in a report on Monday. One research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Exxon Mobil presently has an average rating of “Moderate Buy” and an average price target of $125.85.

Exxon Mobil Stock Performance

Shares of XOM stock opened at $104.57 on Thursday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. Exxon Mobil Co. has a fifty-two week low of $97.80 and a fifty-two week high of $126.34. The company has a market capitalization of $452.30 billion, a P/E ratio of 13.34, a PEG ratio of 3.02 and a beta of 0.51. The stock has a 50 day moving average price of $109.00 and a two-hundred day moving average price of $111.40.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.73 by $0.03. Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. The company had revenue of $83.13 billion for the quarter, compared to analysts’ expectations of $86.11 billion. During the same quarter in the previous year, the company earned $2.06 earnings per share. Exxon Mobil’s quarterly revenue was up .1% on a year-over-year basis. Analysts expect that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th will be paid a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 3.79%. The ex-dividend date is Thursday, May 15th. Exxon Mobil’s payout ratio is 52.52%.

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.