LVM Capital Management Ltd. MI Acquires 4,299 Shares of Exxon Mobil Co. (NYSE:XOM)

LVM Capital Management Ltd. MI boosted its stake in Exxon Mobil Co. (NYSE:XOM) by 1.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 247,348 shares of the oil and gas company’s stock after buying an additional 4,299 shares during the period. Exxon Mobil makes up approximately 2.9% of LVM Capital Management Ltd. MI’s portfolio, making the stock its 7th biggest position. LVM Capital Management Ltd. MI’s holdings in Exxon Mobil were worth $26,607,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analyst Upgrades and Downgrades

XOM has been the subject of a number of recent research reports. Bank of America started coverage on shares of Exxon Mobil in a research note on Thursday, October 17th. They set a “neutral” rating and a $124.00 price target for the company. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $115.00 price objective on shares of Exxon Mobil in a research note on Thursday, December 12th. Scotiabank upgraded Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and lifted their target price for the company from $129.00 to $145.00 in a research note on Thursday, October 10th. Wells Fargo & Company upped their price target on Exxon Mobil from $135.00 to $136.00 and gave the stock an “overweight” rating in a research note on Friday, September 27th. 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 research note on Thursday, December 12th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $128.74.

Exxon Mobil Stock Performance

Shares of Exxon Mobil stock traded down $0.12 during trading hours on Friday, reaching $106.81. The company’s stock had a trading volume of 9,069,005 shares, compared to its average volume of 13,603,675. 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 Co. has a one year low of $95.77 and a one year high of $126.34. The company’s 50 day simple moving average is $113.66 and its 200 day simple moving average is $115.69. The stock has a market cap of $469.44 billion, a P/E ratio of 13.30, a price-to-earnings-growth ratio of 4.65 and a beta of 0.91.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results 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. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The business had revenue of $90.02 billion for the quarter, compared to the consensus estimate of $93.98 billion. During the same quarter last year, the business posted $2.27 EPS. The business’s revenue was down .8% on a year-over-year basis. As a group, analysts expect that Exxon Mobil Co. will post 7.95 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th were paid a dividend of $0.99 per share. This is a boost 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 3.71%. Exxon Mobil’s dividend payout ratio (DPR) is presently 49.32%.

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.