Beacon Wealthcare LLC Has $232,000 Stock Position in Exxon Mobil Co. (NYSE:XOM)

Beacon Wealthcare LLC lessened its position in Exxon Mobil Co. (NYSE:XOM) by 7.2% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 2,158 shares of the oil and gas company’s stock after selling 167 shares during the period. Exxon Mobil makes up about 0.1% of Beacon Wealthcare LLC’s holdings, making the stock its 20th largest position. Beacon Wealthcare LLC’s holdings in Exxon Mobil were worth $232,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of XOM. Massachusetts Financial Services Co. MA raised its stake in Exxon Mobil by 532.8% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 16,815,314 shares of the oil and gas company’s stock valued at $1,935,779,000 after acquiring an additional 14,158,054 shares during the period. Primecap Management Co. CA bought a new stake in Exxon Mobil in the 2nd quarter worth approximately $980,210,000. International Assets Investment Management LLC grew its stake in shares of Exxon Mobil by 7,761.0% during the third quarter. International Assets Investment Management LLC now owns 6,893,677 shares of the oil and gas company’s stock valued at $808,077,000 after buying an additional 6,805,982 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Exxon Mobil by 16.9% in the second quarter. Dimensional Fund Advisors LP now owns 36,794,077 shares of the oil and gas company’s stock worth $4,235,972,000 after purchasing an additional 5,330,887 shares during the last quarter. Finally, Legal & General Group Plc lifted its holdings in Exxon Mobil by 19.3% in the 2nd quarter. Legal & General Group Plc now owns 32,308,002 shares of the oil and gas company’s stock worth $3,719,296,000 after buying an additional 5,235,607 shares during the period. Institutional investors own 61.80% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on XOM shares. Barclays lowered their price objective on Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating for the company in a research report on Thursday, October 3rd. JPMorgan Chase & Co. cut their price target on Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating for the company in a report on Monday, December 16th. Piper Sandler dropped their price objective on Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating for the company in a research note on Thursday, December 19th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $115.00 price target on shares of Exxon Mobil in a research note on Thursday, December 12th. Finally, Mizuho lowered their price target on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating for the company in a research report on Monday, December 16th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $128.74.

Exxon Mobil Trading Up 0.6 %

Exxon Mobil stock traded up $0.66 during trading on Friday, reaching $107.97. 8,083,051 shares of the company were exchanged, compared to its average volume of 10,066,912. Exxon Mobil Co. has a 52-week low of $95.77 and a 52-week high of $126.34. The company has a market capitalization of $474.54 billion, a P/E ratio of 13.45, a PEG ratio of 4.65 and a beta of 0.89. The stock’s 50 day simple moving average is $114.69 and its two-hundred day simple moving average is $115.77. 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 issued its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, topping the consensus estimate of $1.91 by $0.01. The company 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%. Exxon Mobil’s revenue was down .8% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.27 EPS. On average, equities research analysts expect that Exxon Mobil Co. will post 7.95 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th were paid a dividend of $0.99 per share. The ex-dividend date was Thursday, November 14th. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.67%. Exxon Mobil’s dividend payout ratio is 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.