StrongBox Wealth LLC Purchases 1,096 Shares of Exxon Mobil Co. (NYSE:XOM)

StrongBox Wealth LLC raised its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 31.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 4,627 shares of the oil and gas company’s stock after buying an additional 1,096 shares during the period. StrongBox Wealth LLC’s holdings in Exxon Mobil were worth $498,000 as of its most recent SEC filing.

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

Exxon Mobil Stock Performance

NYSE XOM opened at $111.32 on Friday. The firm has a market cap of $489.27 billion, a P/E ratio of 13.86, a price-to-earnings-growth ratio of 2.70 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. The company’s 50 day moving average is $112.93 and its 200-day moving average is $115.55. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month 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 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.91 by $0.01. The business had revenue of $90.02 billion for the quarter, compared to analysts’ expectations of $93.98 billion. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. During the same quarter in the previous year, the firm posted $2.27 EPS. The business’s revenue for the quarter was down .8% compared to the same quarter last year. Sell-side analysts predict that Exxon Mobil Co. will post 7.86 earnings per share for the current year.

Exxon Mobil Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Thursday, November 14th were issued a dividend of $0.99 per share. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date was Thursday, November 14th. This represents a $3.96 dividend on an annualized basis and a yield of 3.56%. Exxon Mobil’s dividend payout ratio is 49.32%.

Analysts Set New Price Targets

Several equities analysts have weighed in on XOM shares. Wolfe Research raised their price objective on Exxon Mobil from $137.00 to $138.00 in a research note on Thursday, October 31st. JPMorgan Chase & Co. cut their price target on shares of Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating on the stock in a report on Monday, December 16th. Scotiabank upgraded shares of Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and increased their price objective for the company from $129.00 to $145.00 in a research note on Thursday, October 10th. Piper Sandler cut their target price on Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating on the stock in a research note on Thursday, December 19th. Finally, Redburn Atlantic reaffirmed a “neutral” rating and set a $120.00 price target (up from $119.00) on shares of Exxon Mobil in a research report on Tuesday, September 24th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Exxon Mobil presently has an average rating of “Moderate Buy” and a consensus target price of $128.84.

About Exxon Mobil

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.