Exxon Mobil Co. (NYSE:XOM) Shares Acquired by Strong Tower Advisory Services

Strong Tower Advisory Services lifted its stake in Exxon Mobil Co. (NYSE:XOM) by 1.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 44,598 shares of the oil and gas company’s stock after purchasing an additional 686 shares during the quarter. Exxon Mobil comprises about 2.0% of Strong Tower Advisory Services’ portfolio, making the stock its 17th largest holding. Strong Tower Advisory Services’ holdings in Exxon Mobil were worth $4,459,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. KB Financial Partners LLC acquired a new position in shares of Exxon Mobil in the 1st quarter valued at $27,000. IMA Wealth Inc. grew its position in shares of Exxon Mobil by 720.0% during the 2nd quarter. IMA Wealth Inc. now owns 369 shares of the oil and gas company’s stock valued at $40,000 after acquiring an additional 324 shares during the period. FWL Investment Management LLC purchased a new position in shares of Exxon Mobil in the 4th quarter valued at about $43,000. DHJJ Financial Advisors Ltd. purchased a new position in Exxon Mobil during the third quarter worth approximately $49,000. Finally, Studio Investment Management LLC purchased a new stake in shares of Exxon Mobil in the fourth quarter valued at approximately $49,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Insider Buying and Selling at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,400 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total transaction of $252,000.00. Following the transaction, the vice president now owns 30,189 shares of the company’s stock, valued at $3,169,845. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.06% of the stock is owned by company insiders.

Exxon Mobil Price Performance

XOM stock opened at $116.24 on Friday. The business’s 50-day moving average is $105.34 and its two-hundred day moving average is $105.96. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.48 and a quick ratio of 1.09. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $120.70. The firm has a market capitalization of $461.22 billion, a P/E ratio of 13.08, a P/E/G ratio of 4.21 and a beta of 0.96.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, February 2nd. The oil and gas company reported $2.48 earnings per share for the quarter, beating analysts’ consensus estimates of $2.20 by $0.28. The company had revenue of $84.34 billion for the quarter, compared to analysts’ expectations of $90.03 billion. Exxon Mobil had a return on equity of 18.51% and a net margin of 10.45%. Exxon Mobil’s quarterly revenue was down 11.6% on a year-over-year basis. During the same period last year, the firm earned $3.40 earnings per share. Analysts anticipate that Exxon Mobil Co. will post 9.11 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Wednesday, February 14th were issued a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 3.27%. The ex-dividend date was Tuesday, February 13th. Exxon Mobil’s payout ratio is currently 42.74%.

Wall Street Analyst Weigh In

XOM has been the topic of a number of research analyst reports. Mizuho lifted their price target on shares of Exxon Mobil from $119.00 to $125.00 and gave the company a “neutral” rating in a research note on Tuesday, March 19th. UBS Group decreased their price target on shares of Exxon Mobil from $133.00 to $132.00 and set a “buy” rating on the stock in a research note on Tuesday, January 23rd. TD Cowen upgraded shares of Exxon Mobil from a “market perform” rating to an “outperform” rating and set a $115.00 price objective for the company in a report on Tuesday, January 23rd. Redburn Atlantic upgraded Exxon Mobil from a “neutral” rating to a “buy” rating and upped their price target for the company from $116.00 to $119.00 in a research report on Tuesday, January 9th. Finally, JPMorgan Chase & Co. lowered their price objective on Exxon Mobil from $134.00 to $127.00 and set an “overweight” rating on the stock in a research note on Friday, December 8th. Nine equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $128.18.

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.