Saxon Interests Inc. Has $3.20 Million Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Saxon Interests Inc. increased its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 4.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 29,751 shares of the oil and gas company’s stock after purchasing an additional 1,171 shares during the period. Exxon Mobil makes up about 1.4% of Saxon Interests Inc.’s holdings, making the stock its 16th biggest position. Saxon Interests Inc.’s holdings in Exxon Mobil were worth $3,200,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Fairscale Capital LLC bought a new stake in shares of Exxon Mobil in the 2nd quarter valued at $39,000. Hershey Financial Advisers LLC bought a new stake in Exxon Mobil in the second quarter valued at $46,000. Peterson Financial Group Inc. acquired a new position in shares of Exxon Mobil during the third quarter valued at about $51,000. Highline Wealth Partners LLC acquired a new position in shares of Exxon Mobil during the third quarter valued at about $54,000. Finally, Harbor Capital Advisors Inc. bought a new position in shares of Exxon Mobil during the 3rd quarter worth about $63,000. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Stock Performance

Shares of XOM opened at $112.37 on Friday. The stock has a 50 day moving average of $112.56 and a 200 day moving average of $115.50. 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 Co. has a 12 month low of $95.77 and a 12 month high of $126.34. The company has a market capitalization of $493.89 billion, a price-to-earnings ratio of 13.99, a PEG ratio of 2.70 and a beta of 0.91.

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, beating the consensus estimate of $1.91 by $0.01. The firm had revenue of $90.02 billion during the quarter, compared to analyst estimates of $93.98 billion. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The business’s revenue was down .8% compared to the same quarter last year. During the same period last year, the firm posted $2.27 EPS. As a group, sell-side analysts forecast that Exxon Mobil Co. will post 7.86 earnings per share for the current 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 given a dividend of $0.99 per share. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. 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. Exxon Mobil’s dividend payout ratio is currently 49.32%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Wolfe Research upped their price target on Exxon Mobil from $137.00 to $138.00 in a research note on Thursday, October 31st. Scotiabank raised Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and upped their target price for the stock from $129.00 to $145.00 in a research report on Thursday, October 10th. 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 research report on Thursday, October 3rd. JPMorgan Chase & Co. lowered their price objective on shares of Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating on the stock in a report on Monday, December 16th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $115.00 price objective on shares of Exxon Mobil in a report on Thursday, December 12th. One research 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, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target 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.