Crestwood Advisors Group LLC Raises Position in Exxon Mobil Co. (NYSE:XOM)

Crestwood Advisors Group LLC increased its holdings in Exxon Mobil Co. (NYSE:XOM) by 1.4% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 130,458 shares of the oil and gas company’s stock after buying an additional 1,776 shares during the period. Crestwood Advisors Group LLC’s holdings in Exxon Mobil were worth $14,033,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. IFP Advisors Inc increased its stake in Exxon Mobil by 17.2% in the fourth quarter. IFP Advisors Inc now owns 173,490 shares of the oil and gas company’s stock valued at $18,663,000 after acquiring an additional 25,515 shares during the last quarter. Shariaportfolio Inc. increased its stake in Exxon Mobil by 13.9% in the fourth quarter. Shariaportfolio Inc. now owns 17,913 shares of the oil and gas company’s stock valued at $1,927,000 after acquiring an additional 2,183 shares during the last quarter. Roffman Miller Associates Inc. PA increased its stake in Exxon Mobil by 79.1% in the fourth quarter. Roffman Miller Associates Inc. PA now owns 76,999 shares of the oil and gas company’s stock valued at $8,283,000 after acquiring an additional 34,009 shares during the last quarter. Mainstay Capital Management LLC ADV increased its stake in Exxon Mobil by 3.9% in the fourth quarter. Mainstay Capital Management LLC ADV now owns 28,455 shares of the oil and gas company’s stock valued at $3,061,000 after acquiring an additional 1,067 shares during the last quarter. Finally, Capital Advisors Ltd. LLC increased its stake in Exxon Mobil by 2.1% in the fourth quarter. Capital Advisors Ltd. LLC now owns 6,387 shares of the oil and gas company’s stock valued at $687,000 after acquiring an additional 131 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total value of $231,000.00. Following the completion of the sale, the vice president now directly owns 18,087 shares in the company, valued at $1,989,570. This trade represents a 10.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.03% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts recently commented on the company. The Goldman Sachs Group reduced their target price on Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. Argus raised Exxon Mobil to a “strong-buy” rating in a research note on Tuesday, February 4th. UBS Group reduced their price objective on Exxon Mobil from $149.00 to $147.00 and set a “buy” rating on the stock in a research note on Thursday, December 12th. Truist Financial raised 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. Finally, Piper Sandler reduced their price objective on Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating on the stock in a research note on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $129.25.

Exxon Mobil Stock Down 0.3 %

NYSE XOM opened at $109.43 on Thursday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. Exxon Mobil Co. has a 1 year low of $103.85 and a 1 year high of $126.34. The business’s 50-day moving average is $108.75 and its 200 day moving average is $114.34. The stock has a market capitalization of $474.84 billion, a PE ratio of 13.96, a PEG ratio of 3.02 and a beta of 0.89.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 EPS for the quarter, missing the consensus estimate of $1.77 by ($0.10). Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. During the same quarter in the previous year, the business earned $2.48 earnings per share. Sell-side analysts forecast 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 Monday, March 10th. Shareholders of record on Wednesday, February 12th will be issued a $0.99 dividend. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $3.96 annualized dividend and a yield of 3.62%. Exxon Mobil’s dividend payout ratio (DPR) is presently 50.51%.

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.