Tandem Investment Advisors Inc. Has $636,000 Position in Exxon Mobil Co. (NYSE:XOM)

Tandem Investment Advisors Inc. raised its stake in shares of Exxon Mobil Co. (NYSE:XOM – Get Rating) by 148.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,288 shares of the oil and gas company’s stock after buying an additional 4,360 shares during the quarter. Tandem Investment Advisors Inc.’s holdings in Exxon Mobil were worth $636,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Global Retirement Partners LLC grew its position in shares of Exxon Mobil by 0.3% in the 2nd quarter. Global Retirement Partners LLC now owns 51,444 shares of the oil and gas company’s stock valued at $4,406,000 after purchasing an additional 156 shares during the period. CTC Capital Management LLC acquired a new position in shares of Exxon Mobil in the 3rd quarter valued at approximately $1,807,000. WMG Financial Advisors LLC grew its position in shares of Exxon Mobil by 0.9% in the 3rd quarter. WMG Financial Advisors LLC now owns 11,899 shares of the oil and gas company’s stock valued at $1,039,000 after purchasing an additional 108 shares during the period. Radnor Capital Management LLC grew its position in shares of Exxon Mobil by 0.8% in the 2nd quarter. Radnor Capital Management LLC now owns 157,128 shares of the oil and gas company’s stock valued at $13,456,000 after purchasing an additional 1,241 shares during the period. Finally, Polaris Wealth Advisory Group LLC grew its position in shares of Exxon Mobil by 3,880.2% in the 3rd quarter. Polaris Wealth Advisory Group LLC now owns 205,259 shares of the oil and gas company’s stock valued at $20,288,000 after purchasing an additional 200,102 shares during the period. 57.49% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Stock Performance

XOM stock opened at $113.15 on Tuesday. The company has a market cap of $465.98 billion, a P/E ratio of 9.24, a price-to-earnings-growth ratio of 0.48 and a beta of 1.11. Exxon Mobil Co. has a 1 year low of $69.81 and a 1 year high of $114.66. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.34 and a quick ratio of 1.02. The stock’s fifty day moving average price is $109.54 and its 200-day moving average price is $100.08.

Exxon Mobil (NYSE:XOM – Get Rating) last released its earnings results on Friday, October 28th. The oil and gas company reported $4.45 earnings per share for the quarter, beating the consensus estimate of $3.88 by $0.57. Exxon Mobil had a return on equity of 29.52% and a net margin of 12.86%. The company had revenue of $112.07 billion for the quarter, compared to the consensus estimate of $102.96 billion. During the same period in the previous year, the business earned $1.58 earnings per share. Exxon Mobil’s quarterly revenue was up 51.9% compared to the same quarter last year. On average, equities analysts forecast that Exxon Mobil Co. will post 13.87 earnings per share for the current year.

Exxon Mobil Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 9th. Shareholders of record on Tuesday, November 15th were paid a dividend of $0.91 per share. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.88. This represents a $3.64 annualized dividend and a yield of 3.22%. The ex-dividend date was Monday, November 14th. Exxon Mobil’s payout ratio is presently 29.71%.

Wall Street Analysts Forecast Growth

XOM has been the topic of several research reports. StockNews.com upgraded Exxon Mobil from a “hold” rating to a “buy” rating in a research note on Monday. Barclays boosted their target price on Exxon Mobil from $111.00 to $129.00 and gave the company an “overweight” rating in a research note on Tuesday, January 3rd. Mizuho upgraded Exxon Mobil from a “neutral” rating to a “buy” rating and boosted their target price for the company from $90.00 to $140.00 in a research note on Tuesday, January 10th. Credit Suisse Group boosted their target price on Exxon Mobil to $130.00 in a research note on Tuesday, November 1st. Finally, Piper Sandler cut their target price on Exxon Mobil from $131.00 to $127.00 and set an “overweight” rating on the stock in a research note on Monday, December 19th. Seven equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $113.41.

Insiders Place Their Bets

In other news, VP Darrin L. Talley sold 2,500 shares of the company’s stock in a transaction that occurred on Friday, December 9th. The stock was sold at an average price of $105.00, for a total transaction of $262,500.00. Following the transaction, the vice president now owns 34,272 shares of the company’s stock, valued at $3,598,560. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.04% of the stock is currently owned by insiders.

Exxon Mobil Company Profile

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Exxon Mobil Corp. engages in the exploration, development, and distribution of oil, gas, and petroleum products. It operates through the following segments: Upstream, Downstream and Chemical. The Upstream segment produces crude oil and natural gas. The Downstream segment manufactures and trades petroleum products.