General Partner Inc. Has $1.37 Million Stake in Exxon Mobil Co. (NYSE:XOM)

General Partner Inc. raised its position in shares of Exxon Mobil Co. (NYSE:XOM) by 3.2% in the fourth quarter, Holdings Channel reports. The fund owned 12,766 shares of the oil and gas company’s stock after buying an additional 400 shares during the quarter. General Partner Inc.’s holdings in Exxon Mobil were worth $1,373,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Fairway Wealth LLC bought a new stake in Exxon Mobil in the 2nd quarter valued at $35,000. Fairscale Capital LLC acquired a new position in shares of Exxon Mobil during the second quarter valued at about $39,000. Hershey Financial Advisers LLC bought a new stake in shares of Exxon Mobil in the second quarter valued at about $46,000. Peterson Financial Group Inc. acquired a new stake in Exxon Mobil during the third quarter worth about $51,000. Finally, Highline Wealth Partners LLC bought a new position in Exxon Mobil during the third quarter valued at about $54,000. 61.80% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

XOM has been the subject of a number of research reports. Redburn Atlantic reiterated a “neutral” rating and issued a $120.00 price objective (up previously from $119.00) on shares of Exxon Mobil in a research report on Tuesday, September 24th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $115.00 target price on shares of Exxon Mobil in a research report on Thursday, December 12th. Wolfe Research boosted their price target on shares of Exxon Mobil from $137.00 to $138.00 in a report on Thursday, October 31st. Mizuho reduced their price objective 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 upped their target price for the company from $129.00 to $145.00 in a research note on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $128.74.

Exxon Mobil Price Performance

Shares of XOM stock traded up $0.81 during trading hours on Friday, hitting $108.12. 2,725,747 shares of the company’s stock were exchanged, compared to its average volume of 7,507,547. Exxon Mobil Co. has a 52 week low of $95.77 and a 52 week high of $126.34. The stock has a market cap of $475.20 billion, a price-to-earnings ratio of 13.46, a price-to-earnings-growth ratio of 4.65 and a beta of 0.89. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01. The stock’s 50-day moving average is $114.94 and its 200-day moving average is $115.83.

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

Exxon Mobil Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Thursday, November 14th were given a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.66%. 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 payout ratio is 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.