Exxon Mobil Co. (NYSE:XOM) Stock Holdings Increased by Insight Wealth Strategies LLC

Insight Wealth Strategies LLC grew its position in shares of Exxon Mobil Co. (NYSE:XOM) by 4.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,712 shares of the oil and gas company’s stock after buying an additional 663 shares during the period. Insight Wealth Strategies LLC’s holdings in Exxon Mobil were worth $1,690,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Eagle Capital Management LLC grew its position in shares of 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 valued at $283,000 after buying an additional 114 shares during the last quarter. Stablepoint Partners LLC grew its holdings in shares of Exxon Mobil by 73.0% during the second quarter. Stablepoint Partners LLC now owns 25,242 shares of the oil and gas company’s stock valued at $2,931,000 after purchasing an additional 10,655 shares during the last quarter. Vance Wealth Inc. raised its position in shares of Exxon Mobil by 79.5% during the 2nd quarter. Vance Wealth Inc. now owns 6,419 shares of the oil and gas company’s stock worth $739,000 after purchasing an additional 2,842 shares during the period. Cora Capital Advisors LLC lifted its holdings in shares of Exxon Mobil by 1.5% in the 2nd quarter. Cora Capital Advisors LLC now owns 8,823 shares of the oil and gas company’s stock worth $1,016,000 after purchasing an additional 131 shares during the last quarter. Finally, Commons Capital LLC boosted its position in Exxon Mobil by 2.5% during the 2nd quarter. Commons Capital LLC now owns 5,487 shares of the oil and gas company’s stock valued at $632,000 after purchasing an additional 135 shares during the period. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Price Performance

NYSE XOM traded up $0.12 on Monday, reaching $107.98. The company’s stock had a trading volume of 8,083,360 shares, compared to its average volume of 11,563,817. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $126.34. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.35. The firm’s 50 day moving average is $114.46 and its two-hundred day moving average is $115.86. The stock has a market cap of $474.58 billion, a PE ratio of 13.45, a PEG ratio of 4.65 and a beta of 0.91.

Exxon Mobil (NYSE:XOM) last released 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 business had revenue of $90.02 billion during the quarter, compared to analyst estimates of $93.98 billion. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The business’s quarterly revenue was down .8% on a year-over-year basis. During the same period in the prior year, the business earned $2.27 earnings per share. As a group, sell-side analysts predict that Exxon Mobil Co. will post 7.95 EPS for the current year.

Exxon Mobil Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Thursday, November 14th were issued a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.67%. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date was Thursday, November 14th. Exxon Mobil’s payout ratio is presently 49.32%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. The Goldman Sachs Group increased their target price on Exxon Mobil from $118.00 to $120.00 in a research report 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 on the stock in a research report on Monday, December 16th. Royal Bank of Canada reissued a “sector perform” rating and set a $115.00 target price on shares of Exxon Mobil in a research note on Thursday, December 12th. Wolfe Research raised their price target on shares of Exxon Mobil from $137.00 to $138.00 in a research note on Thursday, October 31st. Finally, UBS Group reduced their price objective on Exxon Mobil from $149.00 to $147.00 and set a “buy” rating for the company in a research report on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, ten have issued a buy rating and one has given 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 $128.74.

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.