Fox Hill Wealth Management Invests $233,000 in Exxon Mobil Co. (NYSE:XOM)

Fox Hill Wealth Management acquired a new position in Exxon Mobil Co. (NYSE:XOM) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 2,005 shares of the oil and gas company’s stock, valued at approximately $233,000.

Other hedge funds also recently made changes to their positions in the company. Root Financial Partners LLC grew its stake in shares of Exxon Mobil by 10.7% in the 4th quarter. Root Financial Partners LLC now owns 2,054 shares of the oil and gas company’s stock worth $205,000 after purchasing an additional 199 shares during the last quarter. RNC Capital Management LLC grew its stake in shares of Exxon Mobil by 5.5% in the 4th quarter. RNC Capital Management LLC now owns 87,926 shares of the oil and gas company’s stock worth $8,791,000 after purchasing an additional 4,585 shares during the last quarter. Dupree Financial Group LLC acquired a new position in shares of Exxon Mobil in the fourth quarter worth about $378,000. Intact Investment Management Inc. boosted its holdings in shares of Exxon Mobil by 225.7% in the fourth quarter. Intact Investment Management Inc. now owns 68,400 shares of the oil and gas company’s stock worth $6,839,000 after buying an additional 47,400 shares during the period. Finally, AJOVista LLC acquired a new position in shares of Exxon Mobil in the fourth quarter worth about $312,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Insider Activity

In other news, VP Darrin L. Talley sold 2,426 shares of Exxon Mobil stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $119.01, for a total value of $288,718.26. Following the transaction, the vice president now owns 25,363 shares of the company’s stock, valued at $3,018,450.63. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.03% of the company’s stock.

Analyst Ratings Changes

XOM has been the subject of several recent analyst reports. Truist Financial reiterated a “hold” rating and issued a $124.00 target price (down from $146.00) on shares of Exxon Mobil in a report on Friday, June 7th. Wells Fargo & Company raised their target price on shares of Exxon Mobil from $138.00 to $142.00 and gave the stock an “overweight” rating in a report on Tuesday, April 30th. HSBC raised their target price on shares of Exxon Mobil from $111.00 to $120.00 and gave the stock a “hold” rating in a report on Tuesday, April 30th. Morgan Stanley reiterated an “overweight” rating and issued a $145.00 target price on shares of Exxon Mobil in a report on Wednesday, May 15th. Finally, UBS Group raised their price target on shares of Exxon Mobil from $152.00 to $154.00 and gave the stock a “buy” rating in a report on Tuesday, June 25th. Nine analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Exxon Mobil presently has an average rating of “Moderate Buy” and a consensus target price of $133.82.

Exxon Mobil Price Performance

Shares of XOM opened at $115.12 on Monday. The firm has a market cap of $453.92 billion, a PE ratio of 14.11, a PEG ratio of 4.14 and a beta of 0.92. The firm’s 50 day moving average price is $115.25 and its 200 day moving average price is $109.72. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.06 and a current ratio of 1.38. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $123.75.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, April 26th. The oil and gas company reported $2.06 earnings per share for the quarter, missing the consensus estimate of $2.19 by ($0.13). The business had revenue of $83.08 billion for the quarter, compared to the consensus estimate of $79.69 billion. Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. Exxon Mobil’s revenue was down 4.0% compared to the same quarter last year. During the same period in the previous year, the business posted $2.83 EPS. As a group, research analysts expect that Exxon Mobil Co. will post 9.28 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th were given a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.30%. The ex-dividend date was Tuesday, May 14th. Exxon Mobil’s dividend payout ratio is 46.57%.

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.