Exxon Mobil Co. (NYSE:XOM) Shares Acquired by Fortem Financial Group LLC

Fortem Financial Group LLC boosted its holdings in Exxon Mobil Co. (NYSE:XOM) by 4.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 8,898 shares of the oil and gas company’s stock after buying an additional 402 shares during the quarter. Fortem Financial Group LLC’s holdings in Exxon Mobil were worth $957,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of XOM. Fairway Wealth LLC purchased a new stake in shares of Exxon Mobil during the second quarter valued at $35,000. Fairscale Capital LLC acquired a new stake in Exxon Mobil during the 2nd quarter worth about $39,000. Hershey Financial Advisers LLC purchased a new stake in Exxon Mobil during the second quarter valued at about $46,000. Peterson Financial Group Inc. acquired a new position in shares of Exxon Mobil in the third quarter worth about $51,000. Finally, Highline Wealth Partners LLC purchased a new position in shares of Exxon Mobil in the third quarter worth approximately $54,000. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Down 0.3 %

Shares of XOM traded down $0.29 during trading hours on Monday, hitting $107.57. 9,314,694 shares of the company were exchanged, compared to its average volume of 11,881,015. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.35. The company has a market cap of $472.78 billion, a PE ratio of 13.40, a PEG ratio of 4.65 and a beta of 0.91. The firm’s 50 day moving average is $114.46 and its 200-day moving average is $115.86. Exxon Mobil Co. has a 52 week low of $95.77 and a 52 week high of $126.34.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $90.02 billion during the quarter, compared to analysts’ expectations of $93.98 billion. During the same quarter in the prior year, the business earned $2.27 earnings per share. The company’s revenue was down .8% on a year-over-year basis. On average, equities research analysts forecast that Exxon Mobil Co. will post 7.95 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Thursday, November 14th were issued a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.68%. The ex-dividend date was Thursday, November 14th. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s dividend payout ratio (DPR) is 49.32%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. JPMorgan Chase & Co. reduced their price target on shares of Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating for the company in a research report on Monday, December 16th. Truist Financial decreased their target price on Exxon Mobil from $121.00 to $117.00 and set a “hold” rating for the company in a research report on Monday, September 30th. Scotiabank raised Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and upped their price target for the company from $129.00 to $145.00 in a research report on Thursday, October 10th. BMO Capital Markets raised their price objective on Exxon Mobil from $127.00 to $130.00 and gave the stock a “market perform” rating in a research report on Friday, October 4th. Finally, Mizuho dropped their target price on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating on the stock in a report on Monday, December 16th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $128.74.

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.