SGL Investment Advisors Inc. Boosts Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

SGL Investment Advisors Inc. lifted its holdings in Exxon Mobil Co. (NYSE:XOM) by 13.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 2,110 shares of the oil and gas company’s stock after acquiring an additional 256 shares during the quarter. SGL Investment Advisors Inc.’s holdings in Exxon Mobil were worth $227,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Fairway Wealth LLC bought a new stake in Exxon Mobil during the fourth quarter valued at about $31,000. Keystone Financial Group Inc. bought a new stake in shares of Exxon Mobil in the 4th quarter valued at about $36,000. Retirement Wealth Solutions LLC purchased a new position in shares of Exxon Mobil in the 4th quarter worth approximately $46,000. Compass Planning Associates Inc bought a new position in shares of Exxon Mobil during the 4th quarter worth approximately $47,000. Finally, Clarity Asset Management Inc. raised its stake in shares of Exxon Mobil by 29.7% during the 4th quarter. Clarity Asset Management Inc. now owns 437 shares of the oil and gas company’s stock worth $47,000 after acquiring an additional 100 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Price Performance

Shares of Exxon Mobil stock opened at $108.44 on Friday. The firm has a market cap of $467.34 billion, a PE ratio of 13.83, a P/E/G ratio of 3.02 and a beta of 0.51. The business has a 50-day moving average price of $109.00 and a 200 day moving average price of $110.91. 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 Co. has a twelve month low of $97.80 and a twelve month high of $126.34.

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

Exxon Mobil Dividend Announcement

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

Analysts Set New Price Targets

Several equities analysts have issued reports on XOM shares. Bernstein Bank lifted their price target 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. HSBC dropped their target price on Exxon Mobil from $125.00 to $123.00 and set a “hold” rating on the stock in a research note on Friday, January 31st. Argus upgraded Exxon Mobil to a “strong-buy” rating in a research note on Tuesday, February 4th. UBS Group dropped their price target on Exxon Mobil from $135.00 to $131.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Finally, Morgan Stanley decreased their price objective on shares of Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating for the company in a research report on Thursday, March 27th. One equities research analyst has rated the stock with a sell rating, eight have given 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.com, the stock 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.