Horizon Wealth Management LLC Grows Holdings in Exxon Mobil Co. (NYSE:XOM)

Horizon Wealth Management LLC lifted its position in shares of Exxon Mobil Co. (NYSE:XOM) by 2.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,470 shares of the oil and gas company’s stock after buying an additional 110 shares during the quarter. Horizon Wealth Management LLC’s holdings in Exxon Mobil were worth $481,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of XOM. Fairway Wealth LLC acquired a new position in Exxon Mobil in the 2nd quarter valued at $35,000. Fairscale Capital LLC acquired a new position in Exxon Mobil in the second quarter valued at $39,000. Hershey Financial Advisers LLC purchased a new position in Exxon Mobil during the second quarter worth about $46,000. Peterson Financial Group Inc. acquired a new stake in Exxon Mobil in the 3rd quarter worth about $51,000. Finally, Highline Wealth Partners LLC purchased a new stake in Exxon Mobil in the 3rd quarter valued at about $54,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Trading Up 2.6 %

NYSE:XOM opened at $109.27 on Tuesday. The stock has a market cap of $480.25 billion, a price-to-earnings ratio of 13.61, a price-to-earnings-growth ratio of 4.65 and a beta of 0.91. Exxon Mobil Co. has a one year low of $95.77 and a one year high of $126.34. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.35. The business’s 50-day simple moving average is $113.31 and its 200 day simple moving average is $115.61.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, beating the consensus estimate of $1.91 by $0.01. The company had revenue of $90.02 billion during the quarter, compared to analysts’ expectations of $93.98 billion. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The business’s revenue was down .8% on a year-over-year basis. During the same period in the prior year, the business posted $2.27 EPS. As a group, sell-side analysts predict that Exxon Mobil Co. will post 7.95 earnings per share for the current fiscal 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 given a $0.99 dividend. The ex-dividend date was Thursday, November 14th. This represents a $3.96 annualized dividend and a dividend yield of 3.62%. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s payout ratio is presently 49.32%.

Wall Street Analyst Weigh In

XOM has been the topic of several research analyst reports. JPMorgan Chase & Co. decreased their target price on shares of Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating on the stock in a research report on Monday, December 16th. Bank of America assumed coverage on shares of Exxon Mobil in a research note on Thursday, October 17th. They set a “neutral” rating and a $124.00 price objective for the company. Barclays reduced their target price on Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating on the stock in a report on Thursday, October 3rd. Scotiabank upgraded Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and upped their price target for the stock from $129.00 to $145.00 in a research note on Thursday, October 10th. Finally, The Goldman Sachs Group boosted their target price on Exxon Mobil from $118.00 to $120.00 in a report on Thursday, October 31st. One analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target 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.