Astoria Portfolio Advisors LLC. Has $1.14 Million Stock Position in Exxon Mobil Co. (NYSE:XOM)

Astoria Portfolio Advisors LLC. raised its position in Exxon Mobil Co. (NYSE:XOM) by 7.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,407 shares of the oil and gas company’s stock after buying an additional 696 shares during the period. Astoria Portfolio Advisors LLC.’s holdings in Exxon Mobil were worth $1,142,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Kera Capital Partners Inc. bought a new stake in shares of Exxon Mobil during the fourth quarter worth $354,000. Sara Bay Financial lifted its position in Exxon Mobil by 26.0% during the 4th quarter. Sara Bay Financial now owns 2,208 shares of the oil and gas company’s stock worth $234,000 after buying an additional 456 shares in the last quarter. Financial & Tax Architects LLC grew its holdings in Exxon Mobil by 6.4% during the 4th quarter. Financial & Tax Architects LLC now owns 55,760 shares of the oil and gas company’s stock worth $5,998,000 after acquiring an additional 3,360 shares during the last quarter. Gill Capital Partners LLC increased its position in Exxon Mobil by 10.4% in the 4th quarter. Gill Capital Partners LLC now owns 4,972 shares of the oil and gas company’s stock valued at $535,000 after acquiring an additional 469 shares in the last quarter. Finally, Wallington Asset Management LLC raised its stake in shares of Exxon Mobil by 1.8% in the fourth quarter. Wallington Asset Management LLC now owns 92,245 shares of the oil and gas company’s stock worth $9,923,000 after acquiring an additional 1,624 shares during the last quarter. 61.80% of the stock is owned by institutional investors.

Exxon Mobil Price Performance

Shares of XOM stock opened at $112.37 on Monday. The firm has a market capitalization of $493.89 billion, a price-to-earnings ratio of 13.99, a price-to-earnings-growth ratio of 2.70 and a beta of 0.91. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $126.34. 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 fifty day moving average of $112.56 and a 200-day moving average of $115.51.

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

Exxon Mobil Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th were paid a $0.99 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $3.96 dividend on an annualized basis and a 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 presently 49.32%.

Wall Street Analyst Weigh In

Several research firms have recently commented on XOM. TD Cowen decreased their price target on shares of Exxon Mobil from $132.00 to $128.00 and set a “buy” rating on the stock in a research note on Monday, December 16th. Piper Sandler decreased their price objective on Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating on the stock in a research report on Thursday, December 19th. BNP Paribas downgraded Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 target price for the company. in a research report on Wednesday, October 9th. BMO Capital Markets raised their price target on Exxon Mobil from $127.00 to $130.00 and gave the company a “market perform” rating in a report on Friday, October 4th. Finally, JPMorgan Chase & Co. dropped their price objective on Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating for the company in a report on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Exxon Mobil presently has an average rating of “Moderate Buy” and an average price target of $128.84.

Exxon Mobil Company 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.