Exxon Mobil Co. (NYSE:XOM) is Luts & Greenleigh Group Inc.’s Largest Position

Luts & Greenleigh Group Inc. trimmed its stake in Exxon Mobil Co. (NYSE:XOM) by 2.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 247,156 shares of the oil and gas company’s stock after selling 5,006 shares during the period. Exxon Mobil accounts for 26.3% of Luts & Greenleigh Group Inc.’s portfolio, making the stock its largest position. Luts & Greenleigh Group Inc.’s holdings in Exxon Mobil were worth $26,587,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. AXA S.A. grew its position in shares of Exxon Mobil by 18.5% in the 2nd quarter. AXA S.A. now owns 130,996 shares of the oil and gas company’s stock worth $15,080,000 after buying an additional 20,475 shares during the last quarter. MBB Public Markets I LLC grew its holdings in Exxon Mobil by 2,165.3% in the second quarter. MBB Public Markets I LLC now owns 318,744 shares of the oil and gas company’s stock worth $36,694,000 after purchasing an additional 304,673 shares during the last quarter. Marathon Capital Management grew its holdings in Exxon Mobil by 4.2% in the second quarter. Marathon Capital Management now owns 10,007 shares of the oil and gas company’s stock worth $1,152,000 after purchasing an additional 400 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Exxon Mobil by 18.6% during the second quarter. The Manufacturers Life Insurance Company now owns 3,792,336 shares of the oil and gas company’s stock worth $436,574,000 after purchasing an additional 593,729 shares in the last quarter. Finally, Mackenzie Financial Corp lifted its holdings in shares of Exxon Mobil by 120.3% during the 2nd quarter. Mackenzie Financial Corp now owns 2,943,754 shares of the oil and gas company’s stock valued at $338,885,000 after purchasing an additional 1,607,663 shares during the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on XOM. Truist Financial upped their target price on Exxon Mobil from $117.00 to $119.00 and gave the company a “hold” rating in a research report on Monday, January 13th. Morgan Stanley decreased their price objective on shares of Exxon Mobil from $142.00 to $140.00 in a research report on Thursday, October 31st. TD Cowen lowered their target price on shares of Exxon Mobil from $132.00 to $128.00 and set a “buy” rating for the company in a research note on Monday, December 16th. BMO Capital Markets raised their price target on shares of Exxon Mobil from $127.00 to $130.00 and gave the stock a “market perform” rating in a report on Friday, October 4th. Finally, UBS Group dropped their price objective on shares of Exxon Mobil from $149.00 to $147.00 and set a “buy” rating on the stock in a report on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $128.84.

Exxon Mobil Stock Performance

Shares of NYSE XOM opened at $108.64 on Friday. Exxon Mobil Co. has a 1 year low of $99.61 and a 1 year high of $126.34. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.35. The company’s fifty day moving average price is $111.77 and its 200 day moving average price is $115.41. The company has a market capitalization of $477.48 billion, a PE ratio of 13.53, a price-to-earnings-growth ratio of 2.86 and a beta of 0.91.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, beating analysts’ consensus estimates of $1.91 by $0.01. The firm had revenue of $90.02 billion for the quarter, compared to analysts’ expectations of $93.98 billion. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The company’s quarterly revenue was down .8% on a year-over-year basis. During the same period last year, the firm earned $2.27 EPS. On average, research analysts predict that Exxon Mobil Co. will post 7.77 earnings per share for the current year.

Exxon Mobil Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th were given a $0.99 dividend. The ex-dividend date of this dividend 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 3.65%. Exxon Mobil’s payout ratio is 49.32%.

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.