Exxon Mobil Co. (NYSE:XOM) Holdings Increased by Sugarloaf Wealth Management LLC

Sugarloaf Wealth Management LLC lifted its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 7.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,233 shares of the oil and gas company’s stock after purchasing an additional 598 shares during the period. Sugarloaf Wealth Management LLC’s holdings in Exxon Mobil were worth $886,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Fairway Wealth LLC bought a new stake in Exxon Mobil in the 2nd quarter valued at $35,000. Fairscale Capital LLC acquired a new position in shares of Exxon Mobil during the second quarter valued at $39,000. Hershey Financial Advisers LLC acquired a new stake in shares of Exxon Mobil during the second quarter worth $46,000. Peterson Financial Group Inc. bought a new position in shares of Exxon Mobil during the third quarter worth $51,000. Finally, Highline Wealth Partners LLC bought a new stake in shares of Exxon Mobil during the third quarter worth $54,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Wall Street Analyst Weigh In

XOM has been the subject of a number of research analyst reports. TD Cowen reduced their price target on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating for the company in a report on Monday, December 16th. The Goldman Sachs Group upped their price objective on Exxon Mobil from $118.00 to $120.00 in a research note on Thursday, October 31st. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $115.00 price target on shares of Exxon Mobil in a research report on Thursday, December 12th. Wells Fargo & Company lifted their price target on shares of Exxon Mobil from $135.00 to $136.00 and gave the company an “overweight” rating in a research report on Friday, September 27th. Finally, Bank of America assumed coverage on shares of Exxon Mobil in a research report on Thursday, October 17th. They set a “neutral” rating and a $124.00 target price on the stock. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Exxon Mobil has an average rating of “Moderate Buy” and a consensus price target of $128.74.

Exxon Mobil Stock Performance

Shares of NYSE:XOM traded down $0.82 on Friday, reaching $106.11. 10,975,340 shares of the company’s stock were exchanged, compared to its average volume of 13,928,248. The business’s 50-day moving average is $113.66 and its two-hundred day moving average is $115.69. The firm has a market capitalization of $466.36 billion, a price-to-earnings ratio of 13.21, a PEG ratio of 4.65 and a beta of 0.91. The company has a quick ratio of 1.01, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. Exxon Mobil Co. has a fifty-two week low of $95.77 and a fifty-two week high of $126.34.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, topping the consensus estimate of $1.91 by $0.01. The business had revenue of $90.02 billion during the quarter, compared to analysts’ expectations of $93.98 billion. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. Exxon Mobil’s revenue was down .8% compared to the same quarter last year. During the same quarter last year, the firm posted $2.27 earnings per share. As a group, equities research analysts forecast that Exxon Mobil Co. will post 7.95 EPS for the current year.

Exxon Mobil Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th were given a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 3.73%. 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 dividend payout ratio is 49.32%.

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.