Sprinkle Financial Consultants LLC Invests $401,000 in Exxon Mobil Co. (NYSE:XOM)

Sprinkle Financial Consultants LLC acquired a new position in shares of Exxon Mobil Co. (NYSE:XOM) in the second quarter, HoldingsChannel.com reports. The institutional investor acquired 3,481 shares of the oil and gas company’s stock, valued at approximately $401,000.

A number of other hedge funds have also recently bought and sold shares of the stock. International Assets Investment Management LLC lifted its holdings in Exxon Mobil by 3.2% during the 4th quarter. International Assets Investment Management LLC now owns 49,187 shares of the oil and gas company’s stock worth $4,918,000 after purchasing an additional 1,539 shares during the last quarter. GUNN & Co INVESTMENT MANAGEMENT INC. acquired a new position in Exxon Mobil in the 4th quarter valued at $2,776,000. Gilbert & Cook Inc. raised its holdings in Exxon Mobil by 2.2% in the 4th quarter. Gilbert & Cook Inc. now owns 25,473 shares of the oil and gas company’s stock valued at $2,547,000 after acquiring an additional 545 shares in the last quarter. Birchcreek Wealth Management LLC raised its holdings in shares of Exxon Mobil by 14.2% during the 4th quarter. Birchcreek Wealth Management LLC now owns 5,936 shares of the oil and gas company’s stock worth $593,000 after buying an additional 737 shares in the last quarter. Finally, Investment House LLC raised its holdings in shares of Exxon Mobil by 273.5% during the 4th quarter. Investment House LLC now owns 18,109 shares of the oil and gas company’s stock worth $1,811,000 after buying an additional 13,261 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently weighed in on XOM shares. Morgan Stanley restated an “overweight” rating and issued a $145.00 target price on shares of Exxon Mobil in a report on Wednesday, May 15th. TD Cowen boosted their price target on Exxon Mobil from $128.00 to $135.00 and gave the company a “buy” rating in a report on Tuesday, April 30th. Mizuho boosted their price target on Exxon Mobil from $125.00 to $128.00 and gave the company a “neutral” rating in a report on Monday, May 13th. Wells Fargo & Company reduced their price target on Exxon Mobil from $139.00 to $135.00 and set an “overweight” rating on the stock in a report on Monday, August 5th. Finally, Barclays reduced their target price on Exxon Mobil from $147.00 to $142.00 and set an “overweight” rating on the stock in a report on Tuesday, July 9th. Eight research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Exxon Mobil presently has an average rating of “Moderate Buy” and an average price target of $134.56.

Exxon Mobil Stock Performance

NYSE XOM traded down $1.19 on Wednesday, reaching $116.49. 10,711,254 shares of the company’s stock traded hands, compared to its average volume of 16,933,711. The firm has a market cap of $459.32 billion, a price-to-earnings ratio of 14.28, a P/E/G ratio of 4.51 and a beta of 0.91. The stock has a 50 day moving average price of $115.35 and a 200-day moving average price of $114.05. Exxon Mobil Co. has a fifty-two week low of $95.77 and a fifty-two week high of $123.75. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.06 and a current ratio of 1.38.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.04 by $0.10. The company had revenue of $93.06 billion during the quarter, compared to the consensus estimate of $90.09 billion. Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The firm’s quarterly revenue was up 12.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.94 earnings per share. Equities research analysts predict that Exxon Mobil Co. will post 8.65 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th will be given a $0.95 dividend. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.26%. Exxon Mobil’s dividend payout ratio (DPR) is currently 46.57%.

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.