InvesTrust Purchases New Position in Exxon Mobil Co. (NYSE:XOM)

InvesTrust acquired a new position in shares of Exxon Mobil Co. (NYSE:XOM) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 75,851 shares of the oil and gas company’s stock, valued at approximately $8,080,000. Exxon Mobil comprises about 2.2% of InvesTrust’s holdings, making the stock its 9th biggest holding.

Several other hedge funds also recently modified their holdings of the company. Fairway Wealth LLC acquired a new position in Exxon Mobil during the 2nd quarter worth about $35,000. Fairscale Capital LLC bought a new position in shares of Exxon Mobil in the second quarter worth about $39,000. Hershey Financial Advisers LLC acquired a new position in shares of Exxon Mobil during the second quarter worth approximately $46,000. Peterson Financial Group Inc. bought a new stake in shares of Exxon Mobil during the third quarter valued at approximately $51,000. Finally, Highline Wealth Partners LLC bought a new position in Exxon Mobil in the 3rd quarter worth approximately $54,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on XOM. TD Cowen dropped their target price on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating for the company in a research report on Monday, December 16th. Morgan Stanley cut their target price on shares of Exxon Mobil from $142.00 to $140.00 in a research report on Thursday, October 31st. BNP Paribas cut shares of Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price target for the company. in a research report on Wednesday, October 9th. The Goldman Sachs Group increased their price objective on shares of Exxon Mobil from $118.00 to $120.00 in a report on Thursday, October 31st. Finally, UBS Group lowered their target price on shares of Exxon Mobil from $149.00 to $147.00 and set a “buy” rating for the company in a report on Thursday, December 12th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $128.74.

Exxon Mobil Stock Down 2.0 %

NYSE XOM traded down $2.18 during trading hours on Wednesday, hitting $106.57. 10,214,389 shares of the company traded hands, compared to its average volume of 13,008,655. The stock has a market capitalization of $468.39 billion, a price-to-earnings ratio of 13.27, a P/E/G ratio of 4.65 and a beta of 0.91. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $126.34. The business’s 50-day moving average is $114.06 and its 200-day moving average is $115.81. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.35.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.91 by $0.01. The company had revenue of $90.02 billion for the quarter, compared to analysts’ expectations of $93.98 billion. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. Exxon Mobil’s quarterly revenue was down .8% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.27 EPS. Sell-side analysts anticipate that Exxon Mobil Co. will post 7.95 earnings per share for the current year.

Exxon Mobil Increases Dividend

The business 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 positive change from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 annualized dividend and a dividend yield of 3.72%. Exxon Mobil’s dividend 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.