Strong Tower Advisory Services Purchases 1,408 Shares of Exxon Mobil Co. (NYSE:XOM)

Strong Tower Advisory Services boosted its position in shares of Exxon Mobil Co. (NYSE:XOM) by 2.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 53,304 shares of the oil and gas company’s stock after acquiring an additional 1,408 shares during the period. Exxon Mobil accounts for 1.5% of Strong Tower Advisory Services’ holdings, making the stock its 22nd biggest position. Strong Tower Advisory Services’ holdings in Exxon Mobil were worth $5,734,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Community Bank of Raymore increased its position in shares of Exxon Mobil by 8.1% during the fourth quarter. Community Bank of Raymore now owns 23,444 shares of the oil and gas company’s stock worth $2,522,000 after purchasing an additional 1,760 shares in the last quarter. M.E. Allison & CO. Inc. acquired a new position in Exxon Mobil during the 4th quarter valued at about $368,000. Lincoln Capital LLC raised its stake in Exxon Mobil by 1.1% in the fourth quarter. Lincoln Capital LLC now owns 8,521 shares of the oil and gas company’s stock valued at $917,000 after buying an additional 94 shares during the last quarter. Diversify Wealth Management LLC boosted its holdings in Exxon Mobil by 54.9% in the fourth quarter. Diversify Wealth Management LLC now owns 31,378 shares of the oil and gas company’s stock worth $3,343,000 after acquiring an additional 11,125 shares in the last quarter. Finally, Smart Money Group LLC grew its stake in shares of Exxon Mobil by 3.1% during the fourth quarter. Smart Money Group LLC now owns 9,087 shares of the oil and gas company’s stock worth $978,000 after acquiring an additional 276 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Stock Down 0.7 %

XOM stock opened at $111.52 on Wednesday. The firm’s fifty day moving average is $112.40 and its 200 day moving average is $115.50. The firm has a market cap of $490.12 billion, a PE ratio of 13.89, a P/E/G ratio of 3.01 and a beta of 0.91. Exxon Mobil Co. has a one year low of $95.77 and a one year high of $126.34. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.35.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share 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 company had revenue of $90.02 billion during the quarter, compared to analysts’ expectations of $93.98 billion. During the same quarter in the prior year, the firm posted $2.27 EPS. Exxon Mobil’s quarterly revenue was down .8% compared to the same quarter last year. On average, research analysts forecast that Exxon Mobil Co. will post 7.77 EPS for the current year.

Exxon Mobil Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th were given 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 dividend on an annualized basis and a dividend yield of 3.55%. Exxon Mobil’s dividend payout ratio (DPR) is 49.32%.

Analysts Set New Price Targets

Several brokerages recently commented on XOM. BNP Paribas lowered shares of Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price objective for the company. in a research report on Wednesday, October 9th. Wolfe Research lifted their price objective on shares of Exxon Mobil from $137.00 to $138.00 in a research note on Thursday, October 31st. BMO Capital Markets upped their target price on Exxon Mobil from $127.00 to $130.00 and gave the company a “market perform” rating in a research report on Friday, October 4th. Scotiabank raised Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and lifted their price target for the stock from $129.00 to $145.00 in a research report on Thursday, October 10th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $115.00 price target on shares of Exxon Mobil in a research note on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $128.84.

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.