Exxon Mobil Co. (NYSE:XOM) Shares Bought by Confluence Investment Management LLC

Confluence Investment Management LLC grew its stake in Exxon Mobil Co. (NYSE:XOM) by 5.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,958 shares of the oil and gas company’s stock after buying an additional 332 shares during the period. Confluence Investment Management LLC’s holdings in Exxon Mobil were worth $641,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Eagle Capital Management LLC lifted its holdings in shares of Exxon Mobil by 4.9% during the second quarter. Eagle Capital Management LLC now owns 2,460 shares of the oil and gas company’s stock worth $283,000 after purchasing an additional 114 shares during the period. Valmark Advisers Inc. lifted its stake in shares of Exxon Mobil by 1.7% in the 2nd quarter. Valmark Advisers Inc. now owns 52,463 shares of the oil and gas company’s stock worth $6,040,000 after acquiring an additional 874 shares during the period. JPL Wealth Management LLC boosted its holdings in shares of Exxon Mobil by 1,118.4% in the second quarter. JPL Wealth Management LLC now owns 25,404 shares of the oil and gas company’s stock valued at $2,924,000 after acquiring an additional 23,319 shares in the last quarter. Drive Wealth Management LLC increased its stake in shares of Exxon Mobil by 52.7% during the second quarter. Drive Wealth Management LLC now owns 27,254 shares of the oil and gas company’s stock worth $3,138,000 after acquiring an additional 9,402 shares during the period. Finally, Clearview Wealth Advisors LLC purchased a new position in Exxon Mobil during the second quarter worth about $215,000. 61.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

XOM has been the topic of several recent analyst reports. Bank of America assumed coverage on Exxon Mobil in a research report on Thursday, October 17th. They set a “neutral” rating and a $124.00 target price on the stock. TD Cowen cut their price objective on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating for the company in a research report on Monday, December 16th. Barclays decreased their target price on shares of Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating on the stock in a research report on Thursday, October 3rd. JPMorgan Chase & Co. cut their price target on shares of Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating for the company in a report on Monday, December 16th. Finally, Redburn Atlantic reissued a “neutral” rating and set a $120.00 price objective (up previously from $119.00) on shares of Exxon Mobil in a report on Tuesday, September 24th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Exxon Mobil has a consensus rating of “Moderate Buy” and a consensus price target of $128.74.

Exxon Mobil Stock Down 0.2 %

XOM opened at $107.31 on Friday. The business’s fifty day simple moving average is $114.94 and its 200 day simple moving average is $115.83. Exxon Mobil Co. has a 52 week low of $95.77 and a 52 week high of $126.34. The firm has a market cap of $471.64 billion, a P/E ratio of 13.36, a PEG ratio of 4.65 and a beta of 0.89. 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 (NYSE:XOM) last issued its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, topping analysts’ consensus estimates of $1.91 by $0.01. The business had revenue of $90.02 billion during the quarter, compared to the consensus estimate of $93.98 billion. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The company’s quarterly revenue was down .8% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.27 earnings per share. As a group, equities research analysts anticipate that Exxon Mobil Co. will post 7.95 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The firm 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 boost from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date was Thursday, November 14th. This represents a $3.96 annualized dividend and a dividend yield of 3.69%. Exxon Mobil’s dividend payout ratio (DPR) is 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.