Sandbox Financial Partners LLC Has $2.91 Million Stake in Exxon Mobil Co. (NYSE:XOM)

Sandbox Financial Partners LLC cut its stake in Exxon Mobil Co. (NYSE:XOM) by 4.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 27,069 shares of the oil and gas company’s stock after selling 1,299 shares during the period. Exxon Mobil makes up 1.0% of Sandbox Financial Partners LLC’s holdings, making the stock its 25th largest position. Sandbox Financial Partners LLC’s holdings in Exxon Mobil were worth $2,912,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Eagle Capital Management LLC boosted its stake 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. XTX Topco Ltd bought a new stake in shares of Exxon Mobil during the 2nd quarter worth approximately $860,000. Legacy Financial Advisors Inc. grew its stake in shares of Exxon Mobil by 8.9% in the second quarter. Legacy Financial Advisors Inc. now owns 28,612 shares of the oil and gas company’s stock valued at $3,294,000 after buying an additional 2,328 shares in the last quarter. Auxier Asset Management increased its holdings in Exxon Mobil by 2.9% during the second quarter. Auxier Asset Management now owns 13,192 shares of the oil and gas company’s stock worth $1,519,000 after buying an additional 371 shares during the last quarter. Finally, Alaethes Wealth LLC raised its position in Exxon Mobil by 1.6% during the second quarter. Alaethes Wealth LLC now owns 19,705 shares of the oil and gas company’s stock worth $2,268,000 after acquiring an additional 302 shares in the last quarter. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Performance

NYSE:XOM opened at $112.37 on Monday. The stock’s 50-day moving average is $112.56 and its 200-day moving average is $115.51. The stock has a market cap of $493.89 billion, a P/E ratio of 13.99, a price-to-earnings-growth ratio of 2.70 and a beta of 0.91. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $126.34. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $90.02 billion during the quarter, compared to analysts’ expectations of $93.98 billion. During the same period in the prior year, the company posted $2.27 EPS. The company’s revenue was down .8% on a year-over-year basis. Equities research 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 declared a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th were given a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.52%. The ex-dividend date was Thursday, November 14th. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s payout ratio is 49.32%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Barclays decreased their price objective on shares of Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating for the company in a research report on Thursday, October 3rd. BMO Capital Markets increased their price objective on shares of Exxon Mobil from $127.00 to $130.00 and gave the company a “market perform” rating in a research report on Friday, October 4th. Morgan Stanley dropped their price target on Exxon Mobil from $142.00 to $140.00 in a report on Thursday, October 31st. Mizuho cut their price objective on shares of Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating for the company in a report on Monday, December 16th. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $115.00 target price on shares of Exxon Mobil in a report on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target 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.