Foundations Investment Advisors LLC boosted its holdings in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 15.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 299,874 shares of the oil and gas company's stock after purchasing an additional 39,693 shares during the period. Foundations Investment Advisors LLC's holdings in Exxon Mobil were worth $32,257,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of XOM. Vertex Planning Partners LLC grew its position in Exxon Mobil by 3.1% during the third quarter. Vertex Planning Partners LLC now owns 2,778 shares of the oil and gas company's stock worth $326,000 after buying an additional 83 shares in the last quarter. First Heartland Consultants Inc. boosted its stake in shares of Exxon Mobil by 0.9% in the 3rd quarter. First Heartland Consultants Inc. now owns 9,451 shares of the oil and gas company's stock valued at $1,108,000 after purchasing an additional 87 shares in the last quarter. Latitude Advisors LLC lifted its stake in Exxon Mobil by 0.7% in the third quarter. Latitude Advisors LLC now owns 13,378 shares of the oil and gas company's stock worth $1,568,000 after purchasing an additional 88 shares during the last quarter. Longfellow Investment Management Co. LLC boosted its holdings in Exxon Mobil by 0.6% during the 3rd quarter. Longfellow Investment Management Co. LLC now owns 14,537 shares of the oil and gas company's stock valued at $1,704,000 after acquiring an additional 88 shares during the period. Finally, West Oak Capital LLC boosted its stake in shares of Exxon Mobil by 0.6% during the fourth quarter. West Oak Capital LLC now owns 16,207 shares of the oil and gas company's stock valued at $1,743,000 after purchasing an additional 92 shares during the period. Institutional investors and hedge funds own 61.80% of the company's stock.
Several analysts recently issued reports on XOM shares. Bank of America assumed coverage on Exxon Mobil in a research note on Thursday, October 17th. They issued a "neutral" rating and a $124.00 target price on the stock. Morgan Stanley decreased their price target on shares of Exxon Mobil from $142.00 to $140.00 in a research note on Thursday, October 31st. Royal Bank of Canada reiterated a "sector perform" rating and set a $115.00 price objective on shares of Exxon Mobil in a research note on Thursday, December 12th. Scotiabank raised shares of Exxon Mobil from a "sector perform" rating to a "sector outperform" rating and lifted their target price for the stock from $129.00 to $145.00 in a report on Thursday, October 10th. Finally, Barclays lowered their price target on Exxon Mobil from $142.00 to $137.00 and set an "overweight" rating on the stock in a report on Thursday, October 3rd. 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 assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $128.84.
Check Out Our Latest Stock Analysis on XOM
XOM opened at $108.69 on Thursday. The firm has a market cap of $477.69 billion, a P/E ratio of 13.54, a PEG ratio of 2.86 and a beta of 0.91. Exxon Mobil Co. has a 1-year low of $100.42 and a 1-year high of $126.34. The company has a 50 day simple moving average of $111.14 and a two-hundred day simple moving average of $115.38. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01.
Exxon Mobil (NYSE:XOM - Get Free Report) last issued its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.91 by $0.01. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The business had revenue of $90.02 billion during the quarter, compared to analyst estimates of $93.98 billion. During the same quarter in the prior year, the business posted $2.27 EPS. Exxon Mobil's revenue for the quarter was down .8% compared to the same quarter last year. Equities analysts forecast that Exxon Mobil Co. will post 7.77 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th were paid a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.64%. This is an increase from Exxon Mobil's previous quarterly dividend of $0.95. The ex-dividend date of this dividend was Thursday, November 14th. Exxon Mobil's dividend payout ratio is presently 49.32%.
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.
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