Southland Equity Partners LLC Has $1.85 Million Stock Position in Exxon Mobil Co. (NYSE:XOM)

Southland Equity Partners LLC lifted its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 19.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 17,199 shares of the oil and gas company’s stock after purchasing an additional 2,740 shares during the quarter. Southland Equity Partners LLC’s holdings in Exxon Mobil were worth $1,850,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of XOM. Hershey Financial Advisers LLC acquired a new position in Exxon Mobil in the 2nd quarter valued at $46,000. Retirement Wealth Solutions LLC acquired a new position in Exxon Mobil in the 4th quarter valued at $46,000. Peterson Financial Group Inc. acquired a new position in Exxon Mobil in the 3rd quarter valued at $51,000. Highline Wealth Partners LLC bought a new stake in Exxon Mobil in the 3rd quarter valued at $54,000. Finally, Harbor Capital Advisors Inc. bought a new stake in Exxon Mobil in the 3rd quarter valued at $63,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Trading Down 1.4 %

XOM opened at $108.64 on Monday. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $477.48 billion, a PE ratio of 13.53, a PEG ratio of 2.86 and a beta of 0.91. Exxon Mobil Co. has a 1-year low of $99.61 and a 1-year high of $126.34. The firm has a 50-day moving average price of $111.56 and a two-hundred day moving average price of $115.41.

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 the consensus estimate of $1.91 by $0.01. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The company had revenue of $90.02 billion during the quarter, compared to analysts’ expectations of $93.98 billion. During the same quarter in the previous year, the company earned $2.27 EPS. Exxon Mobil’s revenue was down .8% on a year-over-year basis. As a group, equities analysts anticipate that Exxon Mobil Co. will post 7.77 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th were given 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 3.65%. Exxon Mobil’s payout ratio is currently 49.32%.

Analyst Ratings Changes

XOM has been the subject of a number of research reports. Morgan Stanley reduced their price target on shares of Exxon Mobil from $142.00 to $140.00 in a report on Thursday, October 31st. Barclays reduced their price target on shares of Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating for the company in a report on Thursday, October 3rd. Royal Bank of Canada reissued a “sector perform” rating and issued a $115.00 price target on shares of Exxon Mobil in a report on Thursday, December 12th. BMO Capital Markets increased their price target on shares of Exxon Mobil from $127.00 to $130.00 and gave the company a “market perform” rating in a report on Friday, October 4th. Finally, Bank of America initiated coverage on shares of Exxon Mobil in a report on Thursday, October 17th. They set a “neutral” rating and a $124.00 price objective for the company. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Exxon Mobil has an average rating of “Moderate Buy” and a consensus target price of $128.84.

Exxon Mobil Company 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.