Householder Group Estate & Retirement Specialist LLC Decreases Stock Position in Exxon Mobil Co. (NYSE:XOM)

Householder Group Estate & Retirement Specialist LLC cut its holdings in Exxon Mobil Co. (NYSE:XOM) by 61.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,879 shares of the oil and gas company’s stock after selling 7,800 shares during the quarter. Householder Group Estate & Retirement Specialist LLC’s holdings in Exxon Mobil were worth $524,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in XOM. Eagle Capital Management LLC increased its holdings in shares of Exxon Mobil by 4.9% in the second quarter. Eagle Capital Management LLC now owns 2,460 shares of the oil and gas company’s stock valued at $283,000 after purchasing an additional 114 shares during the period. XTX Topco Ltd acquired a new position in shares of Exxon Mobil in the second quarter valued at about $860,000. Retirement Investment Advisors Inc. acquired a new position in shares of Exxon Mobil in the second quarter valued at about $4,093,000. Benjamin F. Edwards & Company Inc. increased its holdings in shares of Exxon Mobil by 5.5% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 453,836 shares of the oil and gas company’s stock valued at $52,245,000 after purchasing an additional 23,611 shares during the period. Finally, Public Employees Retirement Association of Colorado increased its holdings in shares of Exxon Mobil by 9.3% in the second quarter. Public Employees Retirement Association of Colorado now owns 623,264 shares of the oil and gas company’s stock valued at $71,750,000 after purchasing an additional 53,046 shares during the period. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

XOM has been the topic of several analyst reports. UBS Group dropped their target price on Exxon Mobil from $149.00 to $147.00 and set a “buy” rating on the stock in a report on Thursday, December 12th. Bank of America initiated coverage on Exxon Mobil in a report on Thursday, October 17th. They set a “neutral” rating and a $124.00 target price on the stock. TD Cowen dropped their target price on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating on the stock in a report on Monday, December 16th. Barclays dropped their target price on Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating on the stock in a report on Thursday, October 3rd. Finally, Truist Financial raised their target price on Exxon Mobil from $117.00 to $119.00 and gave the stock a “hold” rating in a report on Monday, January 13th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Exxon Mobil presently has an average rating of “Moderate Buy” and an average target price of $128.84.

Exxon Mobil Stock Performance

NYSE XOM opened at $112.37 on Friday. The company has a market cap of $493.89 billion, a PE ratio of 13.99, a price-to-earnings-growth ratio of 2.70 and a beta of 0.91. The stock’s 50 day simple moving average is $112.56 and its 200-day simple moving average is $115.50. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $126.34. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, beating the consensus estimate of $1.91 by $0.01. The business had revenue of $90.02 billion for the quarter, compared to the consensus estimate of $93.98 billion. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The business’s quarterly revenue was down .8% compared to the same quarter last year. During the same quarter last year, the business posted $2.27 earnings per share. As a group, equities research analysts anticipate that Exxon Mobil Co. will post 7.86 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Thursday, November 14th were given a dividend of $0.99 per share. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date was Thursday, November 14th. This represents a $3.96 dividend on an annualized basis and a yield of 3.52%. Exxon Mobil’s dividend payout ratio (DPR) is presently 49.32%.

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.