2,744 Shares in Exxon Mobil Co. (NYSE:XOM) Purchased by Foundation Wealth Management LLC PA

Foundation Wealth Management LLC PA acquired a new stake in Exxon Mobil Co. (NYSE:XOM) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 2,744 shares of the oil and gas company’s stock, valued at approximately $295,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Rockline Wealth Management LLC raised its position in Exxon Mobil by 6.1% in the fourth quarter. Rockline Wealth Management LLC now owns 25,918 shares of the oil and gas company’s stock worth $2,788,000 after acquiring an additional 1,498 shares in the last quarter. Renasant Bank increased its holdings in shares of Exxon Mobil by 5.0% in the 4th quarter. Renasant Bank now owns 10,369 shares of the oil and gas company’s stock valued at $1,115,000 after purchasing an additional 493 shares in the last quarter. Helen Stephens Group LLC lifted its stake in shares of Exxon Mobil by 7.3% in the fourth quarter. Helen Stephens Group LLC now owns 41,637 shares of the oil and gas company’s stock valued at $4,479,000 after purchasing an additional 2,825 shares during the period. Hilltop Holdings Inc. boosted its holdings in Exxon Mobil by 41.3% during the third quarter. Hilltop Holdings Inc. now owns 76,288 shares of the oil and gas company’s stock worth $8,942,000 after buying an additional 22,296 shares in the last quarter. Finally, Merewether Investment Management LP grew its position in Exxon Mobil by 3.2% during the third quarter. Merewether Investment Management LP now owns 307,243 shares of the oil and gas company’s stock worth $36,015,000 after buying an additional 9,600 shares during the period. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Price Performance

Exxon Mobil stock opened at $118.11 on Thursday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. The company has a market cap of $512.50 billion, a price-to-earnings ratio of 15.07, a PEG ratio of 3.02 and a beta of 0.83. Exxon Mobil Co. has a 1 year low of $103.67 and a 1 year high of $126.34. The firm has a 50 day moving average price of $110.49 and a 200 day moving average price of $113.64.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 EPS for the quarter, missing analysts’ consensus estimates of $1.77 by ($0.10). Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. During the same period last year, the company earned $2.48 EPS. Sell-side analysts predict that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th were paid a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 3.35%. The ex-dividend date was Wednesday, February 12th. Exxon Mobil’s dividend payout ratio is currently 50.51%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on XOM shares. TD Cowen decreased their price target on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating on the stock in a research note on Monday, December 16th. Wells Fargo & Company dropped their price target on Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating for the company in a research report on Monday, February 3rd. Morgan Stanley boosted their price objective on shares of Exxon Mobil from $139.00 to $140.00 in a research report on Friday, January 31st. The Goldman Sachs Group dropped their target price on shares of Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating for the company in a report on Friday, January 31st. Finally, Scotiabank reduced their price target on shares of Exxon Mobil from $145.00 to $140.00 in a report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $129.15.

Insider Transactions at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of Exxon Mobil stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total transaction of $231,000.00. Following the transaction, the vice president now directly owns 18,087 shares of the company’s stock, valued at $1,989,570. The trade was a 10.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.03% of the company’s stock.

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.