Fox Hill Wealth Management Raises Stock Position in Exxon Mobil Co. (NYSE:XOM)

Fox Hill Wealth Management increased its stake in Exxon Mobil Co. (NYSE:XOM) by 7.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,565 shares of the oil and gas company’s stock after purchasing an additional 235 shares during the quarter. Fox Hill Wealth Management’s holdings in Exxon Mobil were worth $383,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in XOM. Principal Financial Group Inc. boosted its holdings in Exxon Mobil by 8.4% in the third quarter. Principal Financial Group Inc. now owns 6,709,202 shares of the oil and gas company’s stock worth $786,453,000 after purchasing an additional 521,932 shares during the last quarter. United Bank boosted its stake in shares of Exxon Mobil by 3.7% during the 3rd quarter. United Bank now owns 17,920 shares of the oil and gas company’s stock worth $2,101,000 after acquiring an additional 641 shares during the last quarter. Quest Partners LLC boosted its stake in shares of Exxon Mobil by 157.5% during the 3rd quarter. Quest Partners LLC now owns 8,925 shares of the oil and gas company’s stock worth $1,046,000 after acquiring an additional 5,459 shares during the last quarter. Windle Wealth LLC boosted its stake in shares of Exxon Mobil by 8.6% during the 3rd quarter. Windle Wealth LLC now owns 58,926 shares of the oil and gas company’s stock worth $6,907,000 after acquiring an additional 4,672 shares during the last quarter. Finally, Aviance Capital Partners LLC boosted its stake in shares of Exxon Mobil by 0.5% during the 3rd quarter. Aviance Capital Partners LLC now owns 62,104 shares of the oil and gas company’s stock worth $7,280,000 after acquiring an additional 300 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Insider Transactions at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,100 shares of the business’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total value of $231,000.00. Following the sale, the vice president now directly owns 18,087 shares in the company, valued at $1,989,570. The trade was a 10.40 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.03% of the company’s stock.

Exxon Mobil Stock Performance

Shares of NYSE XOM opened at $113.61 on Wednesday. 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 $492.95 billion, a P/E ratio of 14.49, a P/E/G ratio of 3.02 and a beta of 0.83. The firm’s fifty day moving average is $109.56 and its two-hundred day moving average is $113.57. Exxon Mobil Co. has a 52-week low of $103.67 and a 52-week high of $126.34.

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

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th were issued a $0.99 dividend. The ex-dividend date was Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.49%. Exxon Mobil’s dividend payout ratio (DPR) is presently 50.51%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on XOM. Piper Sandler dropped their price target on shares of Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating on the stock in a research note on Thursday, December 19th. The Goldman Sachs Group dropped their price target on shares of Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. TD Cowen dropped their price target on shares of Exxon Mobil from $132.00 to $128.00 and set a “buy” rating on the stock in a research note on Monday, December 16th. BMO Capital Markets decreased their price objective on shares of Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating on the stock in a research report on Friday, January 31st. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating on the stock in a research report on Monday, December 16th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $129.15.

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.