Sanders Morris Harris LLC Purchases 2,034 Shares of Exxon Mobil Co. (NYSE:XOM)

Sanders Morris Harris LLC raised its position in Exxon Mobil Co. (NYSE:XOM) by 4.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 51,102 shares of the oil and gas company’s stock after acquiring an additional 2,034 shares during the period. Exxon Mobil comprises approximately 0.8% of Sanders Morris Harris LLC’s holdings, making the stock its 21st largest holding. Sanders Morris Harris LLC’s holdings in Exxon Mobil were worth $5,452,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Fairscale Capital LLC bought a new stake in Exxon Mobil in the second quarter valued at about $39,000. Hershey Financial Advisers LLC bought a new position in Exxon Mobil during the second quarter worth about $46,000. Peterson Financial Group Inc. acquired a new stake in Exxon Mobil during the third quarter valued at approximately $51,000. Highline Wealth Partners LLC acquired a new position in shares of Exxon Mobil in the 3rd quarter worth approximately $54,000. Finally, Harbor Capital Advisors Inc. bought a new position in shares of Exxon Mobil during the 3rd quarter worth approximately $63,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Trading Up 0.9 %

XOM opened at $112.37 on Friday. Exxon Mobil Co. has a fifty-two week low of $95.77 and a fifty-two week high of $126.34. The company has a market cap of $493.89 billion, a price-to-earnings ratio of 13.99, a price-to-earnings-growth ratio of 2.70 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. The firm has a 50 day simple moving average of $112.73 and a 200 day simple moving average of $115.52.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, beating 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 quarter in the prior year, the business posted $2.27 EPS. The firm’s quarterly revenue was down .8% on a year-over-year basis. On average, sell-side analysts anticipate that Exxon Mobil Co. will post 7.86 earnings per share for the current year.

Exxon Mobil Increases Dividend

The business 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. The ex-dividend date was Thursday, November 14th. This represents a $3.96 dividend on an annualized basis and a yield of 3.52%. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s dividend payout ratio (DPR) is 49.32%.

Wall Street Analyst Weigh In

XOM has been the topic of a number of analyst reports. Bank of America initiated coverage on Exxon Mobil in a research report on Thursday, October 17th. They issued a “neutral” rating and a $124.00 price target on the stock. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $115.00 price objective on shares of Exxon Mobil in a research note on Thursday, December 12th. Mizuho cut their target price on shares of Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating for the company in a research note on Monday, December 16th. UBS Group decreased their price target on Exxon Mobil from $149.00 to $147.00 and set a “buy” rating on the stock in a research report on Thursday, December 12th. Finally, BMO Capital Markets lifted their price objective on Exxon Mobil from $127.00 to $130.00 and gave the company a “market perform” rating in a research report on Friday, October 4th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $128.84.

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.