Tribridge Partners Financial LLC Takes $882,000 Position in Exxon Mobil Corporation $XOM

Tribridge Partners Financial LLC acquired a new stake in Exxon Mobil Corporation (NYSE:XOM) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 8,186 shares of the oil and gas company’s stock, valued at approximately $882,000. Exxon Mobil comprises approximately 0.5% of Tribridge Partners Financial LLC’s investment portfolio, making the stock its 19th largest position.

Other institutional investors have also recently made changes to their positions in the company. Orion Porfolio Solutions LLC raised its position in Exxon Mobil by 6.4% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 305,097 shares of the oil and gas company’s stock worth $32,889,000 after purchasing an additional 18,387 shares during the period. MASTERINVEST Kapitalanlage GmbH bought a new position in shares of Exxon Mobil during the second quarter valued at approximately $2,660,000. Silverlake Wealth Management LLC raised its holdings in shares of Exxon Mobil by 26.0% in the second quarter. Silverlake Wealth Management LLC now owns 28,284 shares of the oil and gas company’s stock worth $3,049,000 after buying an additional 5,828 shares during the period. Hilltop Partners LLC boosted its holdings in Exxon Mobil by 14.2% during the 2nd quarter. Hilltop Partners LLC now owns 33,176 shares of the oil and gas company’s stock valued at $3,576,000 after acquiring an additional 4,136 shares during the period. Finally, Carter Financial Group INC. purchased a new position in Exxon Mobil during the 2nd quarter valued at $1,175,000. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Performance

Shares of Exxon Mobil stock opened at $118.77 on Monday. The company has a market capitalization of $500.88 billion, a PE ratio of 17.26, a P/E/G ratio of 7.48 and a beta of 0.38. The company has a 50-day simple moving average of $115.60 and a two-hundred day simple moving average of $112.29. Exxon Mobil Corporation has a one year low of $97.80 and a one year high of $120.81. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.79 and a current ratio of 1.14.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, June 17th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter. The firm had revenue of $57.55 billion for the quarter. Exxon Mobil had a net margin of 8.99% and a return on equity of 11.22%. Research analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Friday, November 14th were given a dividend of $1.03 per share. The ex-dividend date of this dividend was Friday, November 14th. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.99. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.5%. Exxon Mobil’s payout ratio is currently 59.88%.

Analysts Set New Price Targets

Several research firms have recently weighed in on XOM. TD Cowen lifted their target price on Exxon Mobil from $128.00 to $135.00 and gave the stock a “buy” rating in a research report on Friday. BNP Paribas Exane raised Exxon Mobil from an “underperform” rating to a “neutral” rating and set a $114.00 target price for the company in a research report on Monday, December 8th. Barclays decreased their price objective on Exxon Mobil from $127.00 to $126.00 and set an “overweight” rating for the company in a report on Tuesday, October 7th. Mizuho increased their target price on shares of Exxon Mobil from $129.00 to $132.00 and gave the stock a “neutral” rating in a report on Friday. Finally, Melius Research initiated coverage on shares of Exxon Mobil in a report on Wednesday, August 20th. They issued a “hold” rating and a $111.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and thirteen have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $129.24.

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.