Founders Grove Wealth Partners LLC Buys Shares of 9,708 Exxon Mobil Co. (NYSE:XOM)

Founders Grove Wealth Partners LLC acquired a new position in Exxon Mobil Co. (NYSE:XOM - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 9,708 shares of the oil and gas company's stock, valued at approximately $1,044,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in XOM. S.E.E.D. Planning Group LLC increased its holdings in shares of Exxon Mobil by 15.6% in the 4th quarter. S.E.E.D. Planning Group LLC now owns 58,958 shares of the oil and gas company's stock valued at $6,342,000 after acquiring an additional 7,973 shares during the period. Moseley Investment Management Inc. grew its stake in Exxon Mobil by 6.2% in the fourth quarter. Moseley Investment Management Inc. now owns 5,978 shares of the oil and gas company's stock valued at $643,000 after purchasing an additional 347 shares during the last quarter. Laurel Wealth Advisors LLC raised its holdings in Exxon Mobil by 2.5% in the fourth quarter. Laurel Wealth Advisors LLC now owns 29,155 shares of the oil and gas company's stock worth $3,136,000 after purchasing an additional 716 shares in the last quarter. Meridian Financial Partners LLC lifted its position in shares of Exxon Mobil by 0.7% during the fourth quarter. Meridian Financial Partners LLC now owns 29,748 shares of the oil and gas company's stock valued at $3,200,000 after buying an additional 219 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its holdings in shares of Exxon Mobil by 28.5% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 24,818 shares of the oil and gas company's stock valued at $2,670,000 after buying an additional 5,497 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on XOM shares. UBS Group decreased their target price on shares of Exxon Mobil from $149.00 to $147.00 and set a "buy" rating for the company in a research report on Thursday, December 12th. Morgan Stanley lowered their price objective on Exxon Mobil from $142.00 to $140.00 in a research report on Thursday, October 31st. Redburn Atlantic reaffirmed a "neutral" rating and set a $120.00 target price (up from $119.00) on shares of Exxon Mobil in a research report on Tuesday, September 24th. Truist Financial raised their price target on Exxon Mobil from $117.00 to $119.00 and gave the stock a "hold" rating in a report on Monday. Finally, Scotiabank raised shares of Exxon Mobil from a "sector perform" rating to a "sector outperform" rating and increased their price objective for the company from $129.00 to $145.00 in a research report on Thursday, October 10th. 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, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $128.84.

Exxon Mobil Price Performance

XOM traded down $0.19 during trading on Thursday, reaching $111.32. The company's stock had a trading volume of 10,351,484 shares, compared to its average volume of 14,547,209. The company has a quick ratio of 1.01, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. The firm has a fifty day simple moving average of $112.93 and a two-hundred day simple moving average of $115.55. The company has a market cap of $489.27 billion, a price-to-earnings ratio of 13.86, a PEG ratio of 2.70 and a beta of 0.91. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its quarterly earnings data 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. 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 analyst estimates of $93.98 billion. During the same quarter in the previous year, the company posted $2.27 earnings per share. The firm's revenue for the quarter was down .8% compared to the same quarter last year. As a group, analysts anticipate that Exxon Mobil Co. will post 7.86 EPS for the current year.

Exxon Mobil Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th were paid a dividend of $0.99 per share. The ex-dividend date was Thursday, November 14th. 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 yield of 3.56%. Exxon Mobil's payout ratio is 49.32%.

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.