Strategic Wealth Partners Ltd. Acquires 1,306 Shares of Exxon Mobil Co. (NYSE:XOM)

Strategic Wealth Partners Ltd. lifted its holdings in Exxon Mobil Co. (NYSE:XOM) by 8.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 17,050 shares of the oil and gas company’s stock after acquiring an additional 1,306 shares during the quarter. Strategic Wealth Partners Ltd.’s holdings in Exxon Mobil were worth $1,844,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in XOM. IFS Advisors LLC increased its stake in shares of Exxon Mobil by 1,571.6% in the fourth quarter. IFS Advisors LLC now owns 2,357 shares of the oil and gas company’s stock worth $254,000 after buying an additional 2,216 shares during the period. BFI Infinity Ltd. purchased a new position in shares of Exxon Mobil in the fourth quarter worth $3,639,000. Sanders Morris Harris LLC increased its stake in shares of Exxon Mobil by 4.1% in the fourth quarter. Sanders Morris Harris LLC now owns 51,102 shares of the oil and gas company’s stock worth $5,452,000 after buying an additional 2,034 shares during the period. Tallon Kerry Patrick purchased a new position in shares of Exxon Mobil in the fourth quarter worth $789,000. Finally, Ritholtz Wealth Management increased its stake in shares of Exxon Mobil by 0.3% in the fourth quarter. Ritholtz Wealth Management now owns 69,863 shares of the oil and gas company’s stock worth $7,515,000 after buying an additional 207 shares during the period. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Stock Performance

XOM opened at $108.13 on Friday. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. The company has a market cap of $466.01 billion, a price-to-earnings ratio of 13.79, a PEG ratio of 3.02 and a beta of 0.51. The company’s 50 day moving average is $108.98 and its 200 day moving average is $110.81. Exxon Mobil Co. has a 12-month low of $97.80 and a 12-month high of $126.34.

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

Exxon Mobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Thursday, May 15th will be issued a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.66%. The ex-dividend date of this dividend is Thursday, May 15th. Exxon Mobil’s payout ratio is 52.52%.

Analyst Ratings Changes

A number of brokerages have issued reports on XOM. Piper Sandler reduced their price objective on shares of Exxon Mobil from $127.00 to $125.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 13th. 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. HSBC reduced their price objective on shares of Exxon Mobil from $125.00 to $123.00 and set a “hold” rating on the stock in a research report on Friday, January 31st. Mizuho reduced their price objective on shares of Exxon Mobil from $129.00 to $124.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 13th. Finally, The Goldman Sachs Group reduced their price objective on shares of Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $125.50.

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.