Sugarloaf Wealth Management LLC Purchases 598 Shares of Exxon Mobil Co. (NYSE:XOM)

Sugarloaf Wealth Management LLC grew its position in shares of Exxon Mobil Co. (NYSE:XOM) by 7.8% during the 4th quarter, Holdings Channel reports. The institutional investor owned 8,233 shares of the oil and gas company’s stock after buying an additional 598 shares during the quarter. Sugarloaf Wealth Management LLC’s holdings in Exxon Mobil were worth $886,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in XOM. Fairway Wealth LLC bought a new position in shares of Exxon Mobil during the second quarter worth about $35,000. Fairscale Capital LLC purchased a new stake in Exxon Mobil during the 2nd quarter worth about $39,000. Hershey Financial Advisers LLC purchased a new stake in shares of Exxon Mobil in the 2nd quarter valued at about $46,000. Peterson Financial Group Inc. purchased a new position in shares of Exxon Mobil during the 3rd quarter valued at about $51,000. Finally, Highline Wealth Partners LLC bought a new position in Exxon Mobil during the 3rd quarter worth approximately $54,000. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Stock Down 0.8 %

Exxon Mobil stock traded down $0.82 during mid-day trading on Friday, reaching $106.11. The company’s stock had a trading volume of 10,975,340 shares, compared to its average volume of 13,928,248. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $126.34. The company has a market capitalization of $466.36 billion, a price-to-earnings ratio of 13.21, a price-to-earnings-growth ratio of 4.65 and a beta of 0.91. 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 business’s 50 day simple moving average is $113.66 and its 200 day simple moving average is $115.69.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, beating 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 company had revenue of $90.02 billion for the quarter, compared to the consensus estimate of $93.98 billion. During the same period last year, the company posted $2.27 EPS. The firm’s quarterly revenue was down .8% compared to the same quarter last year. As a group, research analysts anticipate that Exxon Mobil Co. will post 7.95 earnings per share for the current year.

Exxon Mobil Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th were issued a dividend of $0.99 per share. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $3.96 annualized dividend and a dividend yield of 3.73%. Exxon Mobil’s payout ratio is presently 49.32%.

Analyst Ratings Changes

Several research firms recently commented on XOM. Barclays dropped their price objective on shares of Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating on the stock in a research note on Thursday, October 3rd. JPMorgan Chase & Co. reduced their price objective on Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating on the stock in a research note on Monday, December 16th. The Goldman Sachs Group raised their price objective on Exxon Mobil from $118.00 to $120.00 in a report on Thursday, October 31st. 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 research note on Thursday, December 12th. Finally, Redburn Atlantic reiterated a “neutral” rating and issued a $120.00 target price (up previously from $119.00) on shares of Exxon Mobil in a research report on Tuesday, September 24th. One 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 stock. According to data from MarketBeat.com, Exxon Mobil has a consensus rating of “Moderate Buy” and an average price target 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.