Fox Hill Wealth Management Boosts Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Fox Hill Wealth Management raised its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 7.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,565 shares of the oil and gas company’s stock after buying an additional 235 shares during the period. Fox Hill Wealth Management’s holdings in Exxon Mobil were worth $383,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. OVERSEA CHINESE BANKING Corp Ltd boosted its position in Exxon Mobil by 185.3% during the fourth quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 16,285 shares of the oil and gas company’s stock valued at $1,746,000 after buying an additional 10,577 shares during the period. Brooklyn FI LLC purchased a new stake in Exxon Mobil during the fourth quarter valued at about $343,000. Compass Ion Advisors LLC boosted its holdings in shares of Exxon Mobil by 0.7% during the fourth quarter. Compass Ion Advisors LLC now owns 16,428 shares of the oil and gas company’s stock worth $1,767,000 after purchasing an additional 108 shares during the period. Enhancing Capital LLC purchased a new stake in shares of Exxon Mobil during the fourth quarter worth about $1,205,000. Finally, Boston Partners boosted its holdings in shares of Exxon Mobil by 0.4% during the fourth quarter. Boston Partners now owns 511,908 shares of the oil and gas company’s stock worth $55,073,000 after purchasing an additional 2,157 shares during the period. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on XOM shares. Piper Sandler dropped their target price on shares of Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating for the company in a report on Thursday, December 19th. Royal Bank of Canada reiterated a “sector perform” rating and set a $115.00 target price on shares of Exxon Mobil in a report on Monday, February 3rd. HSBC dropped their target price on shares of Exxon Mobil from $125.00 to $123.00 and set a “hold” rating for the company in a report on Friday, January 31st. JPMorgan Chase & Co. dropped their target price on shares of Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating for the company in a report on Monday, December 16th. Finally, Scotiabank dropped their target price on shares of Exxon Mobil from $145.00 to $140.00 in a report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $129.15.

Exxon Mobil Price Performance

Shares of NYSE XOM opened at $113.61 on Wednesday. Exxon Mobil Co. has a fifty-two week low of $103.67 and a fifty-two week high of $126.34. The company has a 50 day simple moving average of $109.56 and a two-hundred day simple moving average of $113.57. The company has a market capitalization of $492.95 billion, a price-to-earnings ratio of 14.49, a P/E/G ratio of 3.02 and a beta of 0.83. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share for the quarter, missing analysts’ consensus estimates of $1.77 by ($0.10). Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. During the same quarter in the prior year, the company posted $2.48 EPS. Analysts expect that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Wednesday, February 12th were given a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 3.49%. The ex-dividend date was Wednesday, February 12th. Exxon Mobil’s dividend payout ratio (DPR) is currently 50.51%.

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,100 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total transaction of $231,000.00. Following the completion of the sale, the vice president now owns 18,087 shares of the company’s stock, valued at $1,989,570. This trade represents a 10.40 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.03% of the stock is owned by insiders.

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.