StrongBox Wealth LLC Acquires 1,096 Shares of Exxon Mobil Co. (NYSE:XOM)

StrongBox Wealth LLC raised its holdings in Exxon Mobil Co. (NYSE:XOM) by 31.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,627 shares of the oil and gas company’s stock after purchasing an additional 1,096 shares during the period. StrongBox Wealth LLC’s holdings in Exxon Mobil were worth $498,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

A number of equities research analysts have weighed in on XOM shares. Wolfe Research raised their target price on Exxon Mobil from $137.00 to $138.00 in a report on Thursday, October 31st. Redburn Atlantic reaffirmed a “neutral” rating and issued a $120.00 price objective (up from $119.00) on shares of Exxon Mobil in a research note on Tuesday, September 24th. Barclays lowered their target price on Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating for the company in a research note on Thursday, October 3rd. Mizuho dropped their target price on shares of Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating for the company in a report on Monday, December 16th. Finally, Scotiabank raised shares of Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and lifted their price target for the company from $129.00 to $145.00 in a report on Thursday, October 10th. One equities 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 presently has a consensus rating of “Moderate Buy” and a consensus target price of $128.84.

Exxon Mobil Trading Down 0.2 %

XOM opened at $111.32 on Friday. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $126.34. The company has a fifty day moving average of $112.93 and a 200-day moving average of $115.55. The stock has a market cap of $489.27 billion, a PE ratio of 13.86, a price-to-earnings-growth ratio of 2.70 and a beta of 0.91. The company has a quick ratio of 1.01, a current ratio of 1.35 and a debt-to-equity ratio of 0.13.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, beating the consensus estimate of $1.91 by $0.01. The company had revenue of $90.02 billion for the quarter, compared to analyst estimates of $93.98 billion. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The firm’s revenue for the quarter was down .8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.27 EPS. On average, sell-side analysts predict that Exxon Mobil Co. will post 7.86 EPS 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 dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.56%. The ex-dividend date of this dividend was Thursday, November 14th. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s dividend payout ratio is 49.32%.

Exxon Mobil Company 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.