SGL Investment Advisors Inc. Buys 256 Shares of Exxon Mobil Co. (NYSE:XOM)

SGL Investment Advisors Inc. boosted its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 13.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,110 shares of the oil and gas company’s stock after purchasing an additional 256 shares during the period. SGL Investment Advisors Inc.’s holdings in Exxon Mobil were worth $227,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of XOM. RMR Wealth Builders increased its stake in Exxon Mobil by 3.1% in the 4th quarter. RMR Wealth Builders now owns 32,042 shares of the oil and gas company’s stock worth $3,447,000 after buying an additional 960 shares in the last quarter. Accurate Wealth Management LLC boosted its stake in shares of Exxon Mobil by 2.7% in the fourth quarter. Accurate Wealth Management LLC now owns 65,612 shares of the oil and gas company’s stock worth $6,991,000 after acquiring an additional 1,719 shares during the period. Pines Wealth Management LLC bought a new stake in Exxon Mobil during the 4th quarter valued at approximately $2,587,000. R.H. Investment Group LLC purchased a new position in Exxon Mobil in the 4th quarter worth approximately $3,830,000. Finally, Floyd Financial Group LLC bought a new position in Exxon Mobil in the 4th quarter worth approximately $923,000. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Performance

Shares of Exxon Mobil stock opened at $108.44 on Friday. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. The stock’s fifty day moving average is $109.00 and its two-hundred day moving average is $110.91. Exxon Mobil Co. has a 52 week low of $97.80 and a 52 week high of $126.34. The company has a market capitalization of $467.34 billion, a PE ratio of 13.83, a price-to-earnings-growth ratio of 3.02 and a beta of 0.51.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 EPS for the quarter, topping analysts’ consensus estimates of $1.73 by $0.03. Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. The firm had revenue of $83.13 billion for the quarter, compared to analysts’ expectations of $86.11 billion. During the same period in the prior year, the business posted $2.06 earnings per share. The business’s revenue for the quarter was up .1% on a year-over-year basis. As a group, analysts expect that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th will be given a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.65%. The ex-dividend date of this dividend is Thursday, May 15th. Exxon Mobil’s dividend payout ratio (DPR) is presently 52.52%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Royal Bank of Canada reduced their price objective on shares of Exxon Mobil from $115.00 to $105.00 and set a “sector perform” rating on the stock in a research report on Monday, May 5th. Bernstein Bank lifted their price target on shares of Exxon Mobil from $138.00 to $144.00 and gave the company an “overweight” rating in a report on Friday, January 31st. BMO Capital Markets dropped their price objective on shares of Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating for the company in a report on Friday, January 31st. Morgan Stanley cut their price objective on Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating for the company in a research report on Thursday, March 27th. Finally, Mizuho decreased their target price on Exxon Mobil from $129.00 to $124.00 and set a “neutral” rating on the stock in a research report on Tuesday. One 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 data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $125.50.

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.