Fourth Dimension Wealth LLC Has $564,000 Stock Holdings in Exxon Mobil Corporation (NYSE:XOM)

Fourth Dimension Wealth LLC increased its position in Exxon Mobil Corporation (NYSE:XOM) by 2.2% during the first quarter, Holdings Channel reports. The firm owned 4,743 shares of the oil and gas company’s stock after buying an additional 100 shares during the quarter. Fourth Dimension Wealth LLC’s holdings in Exxon Mobil were worth $564,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of XOM. 10Elms LLP acquired a new position in shares of Exxon Mobil in the fourth quarter valued at $25,000. Fairway Wealth LLC acquired a new stake in shares of Exxon Mobil during the 4th quarter worth about $31,000. Capital A Wealth Management LLC bought a new stake in shares of Exxon Mobil during the 4th quarter worth about $32,000. Synergy Investment Management LLC acquired a new position in Exxon Mobil in the 4th quarter valued at about $47,000. Finally, Clarity Asset Management Inc. grew its stake in Exxon Mobil by 29.7% in the 4th quarter. Clarity Asset Management Inc. now owns 437 shares of the oil and gas company’s stock valued at $47,000 after buying an additional 100 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently issued reports on XOM. Scotiabank reduced their price objective on Exxon Mobil from $140.00 to $115.00 and set a “sector outperform” rating for the company in a report on Friday, April 11th. UBS Group reduced their price target on Exxon Mobil from $135.00 to $131.00 and set a “buy” rating for the company in a research note on Monday, April 14th. Morgan Stanley decreased their price objective on Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating on the stock in a report on Thursday, March 27th. Barclays reissued a “hold” rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Finally, Piper Sandler downgraded shares of Exxon Mobil from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 28th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $125.50.

Exxon Mobil Stock Up 0.1%

NYSE XOM opened at $108.41 on Thursday. The business has a fifty day moving average price of $106.92 and a two-hundred day moving average price of $108.54. The stock has a market capitalization of $467.21 billion, a PE ratio of 14.38, a PEG ratio of 2.17 and a beta of 0.49. Exxon Mobil Corporation has a fifty-two week low of $97.80 and a fifty-two week high of $126.34. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.24 and a quick ratio of 0.90.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 EPS for the quarter, topping analysts’ consensus estimates of $1.73 by $0.03. The company had revenue of $83.13 billion during the quarter, compared to analysts’ expectations of $86.11 billion. Exxon Mobil had a return on equity of 12.06% and a net margin of 9.49%. Exxon Mobil’s revenue was up .1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.06 EPS. Equities analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th were issued a $0.99 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.65%. Exxon Mobil’s dividend payout ratio (DPR) is currently 52.52%.

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.