Founders Grove Wealth Partners LLC Buys New Position in Exxon Mobil Co. (NYSE:XOM)

Founders Grove Wealth Partners LLC purchased a new position in shares of Exxon Mobil Co. (NYSE:XOM) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 9,708 shares of the oil and gas company’s stock, valued at approximately $1,044,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Eagle Capital Management LLC grew its position in Exxon Mobil by 4.9% during the 2nd quarter. Eagle Capital Management LLC now owns 2,460 shares of the oil and gas company’s stock worth $283,000 after purchasing an additional 114 shares during the last quarter. Black Diamond Financial LLC grew its holdings in shares of Exxon Mobil by 129.9% during the second quarter. Black Diamond Financial LLC now owns 5,051 shares of the oil and gas company’s stock worth $582,000 after buying an additional 2,854 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position 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. Dimensional Fund Advisors LP raised its stake in Exxon Mobil by 16.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 36,794,077 shares of the oil and gas company’s stock valued at $4,235,972,000 after acquiring an additional 5,330,887 shares during the last quarter. Finally, Sierra Summit Advisors LLC lifted its position in Exxon Mobil by 11.5% during the 2nd quarter. Sierra Summit Advisors LLC now owns 4,632 shares of the oil and gas company’s stock worth $533,000 after acquiring an additional 479 shares during the period. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Analysts Set New Price Targets

XOM has been the subject of several analyst reports. The Goldman Sachs Group upped their price target on Exxon Mobil from $118.00 to $120.00 in a research note on Thursday, October 31st. TD Cowen cut their price objective on shares of Exxon Mobil from $132.00 to $128.00 and set a “buy” rating for the company in a research report on Monday, December 16th. BNP Paribas downgraded shares of Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 target price on the stock. in a report on Wednesday, October 9th. Piper Sandler cut their price target on shares of Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating for the company in a report on Thursday, December 19th. Finally, Wolfe Research lifted their price objective on Exxon Mobil from $137.00 to $138.00 in a report on Thursday, October 31st. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $128.84.

Exxon Mobil Stock Performance

NYSE:XOM opened at $111.44 on Thursday. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $489.79 billion, a P/E ratio of 13.88, a price-to-earnings-growth ratio of 4.65 and a beta of 0.91. The firm has a 50-day moving average price of $113.12 and a two-hundred day moving average price of $115.58. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $126.34.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.91 by $0.01. The firm had revenue of $90.02 billion during 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%. The company’s quarterly revenue was down .8% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.27 EPS. As a group, research analysts expect that Exxon Mobil Co. will post 7.95 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Thursday, November 14th were paid a $0.99 dividend. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date was Thursday, November 14th. This represents a $3.96 annualized dividend and a yield of 3.55%. Exxon Mobil’s payout ratio is presently 49.32%.

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.