InvesTrust Makes New $8.08 Million Investment in Exxon Mobil Co. (NYSE:XOM)

InvesTrust bought a new position in shares of Exxon Mobil Co. (NYSE:XOM) in the 4th quarter, HoldingsChannel.com reports. The fund bought 75,851 shares of the oil and gas company’s stock, valued at approximately $8,080,000. Exxon Mobil comprises approximately 2.2% of InvesTrust’s holdings, making the stock its 9th largest position.

A number of other hedge funds and other institutional investors have also recently modified their holdings of XOM. Eagle Capital Management LLC grew its stake in 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. Savant Capital LLC lifted its position in shares of Exxon Mobil by 11.1% during the 2nd quarter. Savant Capital LLC now owns 215,544 shares of the oil and gas company’s stock valued at $24,813,000 after acquiring an additional 21,588 shares during the period. Advisor OS LLC boosted its stake in Exxon Mobil by 6.1% during the second quarter. Advisor OS LLC now owns 16,423 shares of the oil and gas company’s stock worth $1,891,000 after acquiring an additional 939 shares in the last quarter. Lake Street Advisors Group LLC grew its holdings in Exxon Mobil by 130.2% in the second quarter. Lake Street Advisors Group LLC now owns 57,423 shares of the oil and gas company’s stock worth $6,610,000 after purchasing an additional 32,482 shares during the period. Finally, Cahaba Wealth Management Inc. increased its stake in Exxon Mobil by 3.5% in the second quarter. Cahaba Wealth Management Inc. now owns 9,344 shares of the oil and gas company’s stock valued at $1,076,000 after purchasing an additional 318 shares in the last quarter. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Price Performance

Shares of NYSE XOM traded down $2.18 during mid-day trading on Wednesday, reaching $106.57. 10,214,389 shares of the company were exchanged, compared to its average volume of 13,008,655. The stock has a market capitalization of $468.39 billion, a PE ratio of 13.27, a PEG ratio of 4.65 and a beta of 0.91. The company’s 50 day moving average price is $114.06 and its 200 day moving average price is $115.81. Exxon Mobil Co. has a 52 week low of $95.77 and a 52 week high of $126.34. 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 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 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 previous year, the business earned $2.27 EPS. Exxon Mobil’s revenue was down .8% compared to the same quarter last year. Sell-side analysts forecast that Exxon Mobil Co. will post 7.95 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th were paid a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.72%. The ex-dividend date was Thursday, November 14th. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s dividend payout ratio (DPR) is presently 49.32%.

Analyst Ratings Changes

A number of analysts recently commented on XOM shares. Morgan Stanley decreased their target price on Exxon Mobil from $142.00 to $140.00 in a research report on Thursday, October 31st. Redburn Atlantic reiterated a “neutral” rating and issued a $120.00 target price (up from $119.00) on shares of Exxon Mobil in a report on Tuesday, September 24th. Wolfe Research upped their price objective on shares of Exxon Mobil from $137.00 to $138.00 in a report on Thursday, October 31st. TD Cowen reduced their price objective on shares of Exxon Mobil from $132.00 to $128.00 and set a “buy” rating for the company in a report on Monday, December 16th. Finally, Wells Fargo & Company upped their target price on shares of Exxon Mobil from $135.00 to $136.00 and gave the stock an “overweight” rating in a report on Friday, September 27th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $128.74.

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.