Relyea Zuckerberg Hanson LLC Acquires 10,138 Shares of Exxon Mobil Co. (NYSE:XOM)

Relyea Zuckerberg Hanson LLC increased its holdings in Exxon Mobil Co. (NYSE:XOM) by 41.9% in the fourth quarter, HoldingsChannel reports. The firm owned 34,349 shares of the oil and gas company’s stock after purchasing an additional 10,138 shares during the period. Relyea Zuckerberg Hanson LLC’s holdings in Exxon Mobil were worth $3,695,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Fairscale Capital LLC bought a new stake in Exxon Mobil in the second quarter worth $39,000. Hershey Financial Advisers LLC bought a new stake in Exxon Mobil during the second quarter valued at about $46,000. Peterson Financial Group Inc. bought a new stake in Exxon Mobil during the third quarter valued at about $51,000. Highline Wealth Partners LLC bought a new stake in Exxon Mobil during the third quarter valued at about $54,000. Finally, Harbor Capital Advisors Inc. bought a new stake in Exxon Mobil during the third quarter valued at about $63,000. 61.80% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have issued reports on XOM. Bank of America began coverage on shares of Exxon Mobil in a report on Thursday, October 17th. They set a “neutral” rating and a $124.00 price target for the company. Wolfe Research upped their price target on shares of Exxon Mobil from $137.00 to $138.00 in a report on Thursday, October 31st. Morgan Stanley cut their price objective on shares of Exxon Mobil from $142.00 to $140.00 in a research report on Thursday, October 31st. The Goldman Sachs Group upped their price objective on shares of Exxon Mobil from $118.00 to $120.00 in a research report on Thursday, October 31st. Finally, Barclays cut their price objective on shares of Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating for the company in a research report on Thursday, October 3rd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Exxon Mobil currently has a consensus rating of “Moderate Buy” and a consensus target price of $128.84.

Exxon Mobil Stock Performance

NYSE:XOM opened at $112.37 on Friday. The firm has a market capitalization of $493.89 billion, a PE ratio of 13.99, a price-to-earnings-growth ratio of 2.70 and a beta of 0.91. The firm has a 50-day moving average price of $112.56 and a 200 day moving average price of $115.50. 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 12-month low of $95.77 and a 12-month high of $126.34.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, topping the consensus estimate of $1.91 by $0.01. The company had revenue of $90.02 billion during the quarter, compared to analyst estimates of $93.98 billion. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The company’s revenue was down .8% on a year-over-year basis. During the same quarter last year, the business posted $2.27 earnings per share. Research analysts anticipate that Exxon Mobil Co. will post 7.86 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th were issued 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 annualized dividend and a dividend yield of 3.52%. Exxon Mobil’s dividend payout ratio (DPR) is presently 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.