Founders Grove Wealth Partners LLC Invests $1.04 Million in Exxon Mobil Co. (NYSE:XOM)

Founders Grove Wealth Partners LLC bought a new stake in Exxon Mobil Co. (NYSE:XOM) in the 4th quarter, Holdings Channel.com reports. The fund bought 9,708 shares of the oil and gas company’s stock, valued at approximately $1,044,000.

Other large investors have also recently added to or reduced their stakes in the company. Fairway Wealth LLC acquired a new position in shares of Exxon Mobil during the 2nd quarter valued at about $35,000. Fairscale Capital LLC acquired a new position in Exxon Mobil during the second quarter worth approximately $39,000. Hershey Financial Advisers LLC purchased a new position in Exxon Mobil during the second quarter worth approximately $46,000. Peterson Financial Group Inc. acquired a new position in shares of Exxon Mobil in the 3rd quarter valued at $51,000. Finally, Highline Wealth Partners LLC purchased a new stake in shares of Exxon Mobil during the 3rd quarter valued at $54,000. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Exxon Mobil Trading Up 1.6 %

Shares of XOM opened at $111.44 on Thursday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.35. Exxon Mobil Co. has a one year low of $95.77 and a one year high of $126.34. The stock has a 50-day moving average price of $113.12 and a 200 day moving average price of $115.58. The company has a market capitalization of $489.79 billion, a P/E ratio of 13.88, a P/E/G ratio of 4.65 and a beta of 0.91.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, topping analysts’ consensus estimates of $1.91 by $0.01. The business had revenue of $90.02 billion during the quarter, compared to the consensus estimate of $93.98 billion. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The business’s quarterly revenue was down .8% compared to the same quarter last year. During the same quarter last year, the company earned $2.27 earnings per share. Sell-side analysts forecast that Exxon Mobil Co. will post 7.95 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The business 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 3.55%. The ex-dividend date of this dividend was Thursday, November 14th. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s dividend payout ratio is 49.32%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Bank of America started coverage on Exxon Mobil in a report on Thursday, October 17th. They issued a “neutral” rating and a $124.00 target price on the stock. Wolfe Research lifted their price objective on Exxon Mobil from $137.00 to $138.00 in a research note on Thursday, October 31st. Mizuho dropped 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 report on Monday, December 16th. BMO Capital Markets lifted their price target 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. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $115.00 price objective on shares of Exxon Mobil in a research report on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Exxon Mobil presently has a consensus rating of “Moderate Buy” and an average 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.