Fortem Financial Group LLC Makes New Investment in Exxon Mobil Co. (NYSE:XOM)

Fortem Financial Group LLC acquired a new position in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 8,496 shares of the oil and gas company's stock, valued at approximately $996,000.

A number of other institutional investors also recently made changes to their positions in the company. Fairway Wealth LLC acquired a new position in shares of Exxon Mobil during the 2nd quarter worth approximately $35,000. Anfield Capital Management LLC grew its position in Exxon Mobil by 360.0% during the second quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company's stock worth $37,000 after buying an additional 252 shares in the last quarter. Fairscale Capital LLC bought a new position in Exxon Mobil during the 2nd quarter worth $39,000. POM Investment Strategies LLC raised its holdings in Exxon Mobil by 918.9% in the 2nd quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company's stock valued at $43,000 after acquiring an additional 340 shares in the last quarter. Finally, Hershey Financial Advisers LLC bought a new stake in shares of Exxon Mobil during the 2nd quarter valued at $46,000. Institutional investors own 61.80% of the company's stock.

Analyst Ratings Changes

XOM has been the subject of several recent analyst reports. Scotiabank raised shares of Exxon Mobil from a "sector perform" rating to a "sector outperform" rating and upped their price objective for the stock from $129.00 to $145.00 in a research report on Thursday, October 10th. Wolfe Research lifted their price target on Exxon Mobil from $137.00 to $138.00 in a research note on Thursday, October 31st. Mizuho upped their price objective on Exxon Mobil from $128.00 to $130.00 and gave the stock a "neutral" rating in a research report on Monday, September 16th. UBS Group decreased their target price on Exxon Mobil from $157.00 to $149.00 and set a "buy" rating on the stock in a research report on Wednesday, September 18th. Finally, TD Cowen raised their price target on shares of Exxon Mobil from $127.00 to $132.00 and gave the company a "buy" rating in a research note on Tuesday, November 19th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $129.95.

Exxon Mobil Stock Performance

Shares of Exxon Mobil stock traded down $0.75 during trading hours on Wednesday, reaching $111.92. The company had a trading volume of 32,290,037 shares, compared to its average volume of 16,318,725. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01. The firm has a market cap of $491.90 billion, a PE ratio of 13.91, a price-to-earnings-growth ratio of 4.74 and a beta of 0.89. Exxon Mobil Co. has a one year low of $95.77 and a one year high of $126.34. The business has a fifty day simple moving average of $119.53 and a 200 day simple moving average of $116.46.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its earnings results on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, topping the consensus estimate of $1.91 by $0.01. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The business had revenue of $90.02 billion during the quarter, compared to analysts' expectations of $93.98 billion. During the same period in the previous year, the business earned $2.27 earnings per share. The firm's revenue was down .8% on a year-over-year basis. On average, analysts anticipate that Exxon Mobil Co. will post 7.94 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. Investors of record on Thursday, November 14th were given a $0.99 dividend. This is an increase from Exxon Mobil's previous quarterly dividend of $0.95. The ex-dividend date was Thursday, November 14th. This represents a $3.96 dividend on an annualized basis and a yield of 3.54%. Exxon Mobil's payout ratio is presently 49.32%.

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.