Spring Capital Management LLC Buys Shares of 18,194 Exxon Mobil Co. (NYSE:XOM)

Spring Capital Management LLC acquired a new position in Exxon Mobil Co. (NYSE:XOM - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 18,194 shares of the oil and gas company's stock, valued at approximately $1,957,000. Exxon Mobil accounts for approximately 1.2% of Spring Capital Management LLC's investment portfolio, making the stock its 25th largest position.

Other large investors have also made changes to their positions in the company. Fairscale Capital LLC bought a new position in Exxon Mobil during the second quarter valued at about $39,000. Hershey Financial Advisers LLC bought a new position in shares of Exxon Mobil during the 2nd quarter worth approximately $46,000. Retirement Wealth Solutions LLC bought a new position in shares of Exxon Mobil during the 4th quarter worth approximately $46,000. Peterson Financial Group Inc. acquired a new stake in Exxon Mobil in the 3rd quarter valued at $51,000. Finally, Highline Wealth Partners LLC bought a new stake in Exxon Mobil in the third quarter valued at $54,000. Institutional investors and hedge funds own 61.80% of the company's stock.

Exxon Mobil Stock Performance

Shares of NYSE:XOM traded up $1.05 on Monday, hitting $112.37. The company had a trading volume of 19,228,798 shares, compared to its average volume of 13,346,318. The stock has a 50 day moving average price of $112.56 and a 200 day moving average price of $115.51. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. The stock has a market cap of $493.89 billion, a price-to-earnings ratio of 13.99, a P/E/G 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 results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, beating the consensus estimate of $1.91 by $0.01. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The firm had revenue of $90.02 billion for the quarter, compared to analysts' expectations of $93.98 billion. During the same period in the prior year, the firm earned $2.27 EPS. The business's revenue was down .8% on a year-over-year basis. Analysts expect that Exxon Mobil Co. will post 7.86 EPS 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 issued a dividend of $0.99 per share. This is a positive change from Exxon Mobil's previous quarterly dividend of $0.95. This represents a $3.96 annualized dividend and a dividend yield of 3.52%. The ex-dividend date was Thursday, November 14th. Exxon Mobil's dividend payout ratio is 49.32%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on XOM. Scotiabank upgraded shares of Exxon Mobil from a "sector perform" rating to a "sector outperform" rating and boosted their target price for the company from $129.00 to $145.00 in a research note on Thursday, October 10th. Wells Fargo & Company lifted their target price on shares of Exxon Mobil from $135.00 to $136.00 and gave the company an "overweight" rating in a research note on Friday, September 27th. The Goldman Sachs Group boosted their target price on Exxon Mobil from $118.00 to $120.00 in a report on Thursday, October 31st. Truist Financial raised their target price on Exxon Mobil from $117.00 to $119.00 and gave the company a "hold" rating in a research note on Monday, January 13th. Finally, Royal Bank of Canada reiterated a "sector perform" rating and set a $115.00 price target on shares of Exxon Mobil in a research report on Thursday, December 12th. One 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. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price 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.