Strait & Sound Wealth Management LLC Has $280,000 Stake in Exxon Mobil Co. (NYSE:XOM)

Strait & Sound Wealth Management LLC boosted its position in Exxon Mobil Co. (NYSE:XOM) by 4.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,603 shares of the oil and gas company’s stock after buying an additional 100 shares during the period. Strait & Sound Wealth Management LLC’s holdings in Exxon Mobil were worth $280,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Helium Advisors LLC acquired a new position in shares of Exxon Mobil during the fourth quarter valued at about $446,000. Breakthru Advisory Services LLC acquired a new position in shares of Exxon Mobil during the fourth quarter valued at about $328,000. Sunbelt Securities Inc. raised its holdings in shares of Exxon Mobil by 433.9% during the fourth quarter. Sunbelt Securities Inc. now owns 804,878 shares of the oil and gas company’s stock valued at $85,124,000 after purchasing an additional 654,123 shares during the period. Fourth Dimension Wealth LLC acquired a new position in shares of Exxon Mobil during the fourth quarter valued at about $499,000. Finally, Stonebridge Financial Planning Group LLC raised its holdings in shares of Exxon Mobil by 4.3% during the fourth quarter. Stonebridge Financial Planning Group LLC now owns 6,487 shares of the oil and gas company’s stock valued at $698,000 after purchasing an additional 268 shares during the period. Institutional investors and hedge funds own 61.80% of the company’s stock.

Wall Street Analyst Weigh In

XOM has been the topic of a number of analyst reports. Bernstein Bank upped their target price on shares of Exxon Mobil from $138.00 to $144.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. UBS Group cut their price target on Exxon Mobil from $135.00 to $131.00 and set a “buy” rating for the company in a research note on Monday, April 14th. Barclays reiterated a “hold” rating on shares of Exxon Mobil in a research note on Thursday. Scotiabank cut their price target on Exxon Mobil from $140.00 to $115.00 and set a “sector outperform” rating for the company in a research note on Friday, April 11th. Finally, HSBC cut their price target on Exxon Mobil from $125.00 to $123.00 and set a “hold” rating for the company in a research note on Friday, January 31st. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $125.50.

Exxon Mobil Price Performance

Shares of NYSE XOM opened at $102.97 on Friday. Exxon Mobil Co. has a twelve month low of $97.80 and a twelve month high of $126.34. The stock’s 50 day moving average price is $108.47 and its 200-day moving average price is $110.51. The company has a market capitalization of $443.76 billion, a PE ratio of 13.13, a PEG ratio of 3.02 and a beta of 0.51. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14.

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

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th will be issued a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.85%. The ex-dividend date is Thursday, May 15th. Exxon Mobil’s dividend payout ratio (DPR) is 52.52%.

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.