Exxon Mobil Co. (NYSE:XOM) Shares Acquired by Highline Wealth Partners LLC

Highline Wealth Partners LLC increased its position in shares of Exxon Mobil Co. (NYSE:XOM) by 49.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 692 shares of the oil and gas company’s stock after purchasing an additional 228 shares during the period. Highline Wealth Partners LLC’s holdings in Exxon Mobil were worth $74,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Eagle Capital Management LLC lifted its position in shares of Exxon Mobil by 4.9% during the 2nd quarter. Eagle Capital Management LLC now owns 2,460 shares of the oil and gas company’s stock worth $283,000 after buying an additional 114 shares during the last quarter. Werba Rubin Papier Wealth Management grew its holdings in shares of Exxon Mobil by 43.5% during the second quarter. Werba Rubin Papier Wealth Management now owns 13,688 shares of the oil and gas company’s stock worth $1,576,000 after purchasing an additional 4,146 shares during the last quarter. Morton Community Bank increased its position in shares of Exxon Mobil by 4.6% during the second quarter. Morton Community Bank now owns 28,788 shares of the oil and gas company’s stock worth $3,314,000 after purchasing an additional 1,260 shares in the last quarter. Oak Thistle LLC purchased a new stake in shares of Exxon Mobil in the 2nd quarter valued at about $572,000. Finally, Legacy Bridge LLC grew its stake in Exxon Mobil by 231.9% during the 2nd quarter. Legacy Bridge LLC now owns 12,980 shares of the oil and gas company’s stock worth $1,494,000 after buying an additional 9,069 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently weighed in on XOM. Redburn Atlantic reissued a “neutral” rating and issued a $120.00 price objective (up from $119.00) on shares of Exxon Mobil in a report on Tuesday, September 24th. Barclays lowered their price objective 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. UBS Group reduced their target price on shares of Exxon Mobil from $149.00 to $147.00 and set a “buy” rating for the company in a report on Thursday, December 12th. TD Cowen dropped their price target on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating on the stock in a research report on Monday, December 16th. Finally, BNP Paribas cut Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price objective for the company. in a research report on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Exxon Mobil currently has an average rating of “Moderate Buy” and an average price target of $128.74.

Exxon Mobil Price Performance

Exxon Mobil stock traded down $0.12 during mid-day trading on Friday, reaching $106.81. The company had a trading volume of 9,069,005 shares, compared to its average volume of 13,603,675. The stock’s 50-day simple moving average is $113.66 and its 200-day simple moving average is $115.69. The company has a market capitalization of $469.44 billion, a P/E ratio of 13.30, a P/E/G ratio of 4.65 and a beta of 0.91. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $126.34.

Exxon Mobil (NYSE:XOM) last posted its 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. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The company had revenue of $90.02 billion for the quarter, compared to the consensus estimate of $93.98 billion. During the same period in the previous year, the business earned $2.27 earnings per share. Exxon Mobil’s quarterly revenue was down .8% compared to the same quarter last year. On average, equities analysts predict that Exxon Mobil Co. will post 7.95 EPS for the current year.

Exxon Mobil Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th were issued a dividend of $0.99 per share. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 annualized dividend and a yield of 3.71%. The ex-dividend date was Thursday, November 14th. Exxon Mobil’s dividend payout ratio (DPR) is 49.32%.

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.