Financial & Tax Architects LLC Grows Position in Exxon Mobil Co. (NYSE:XOM)

Financial & Tax Architects LLC grew its position in shares of Exxon Mobil Co. (NYSE:XOM) by 6.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,760 shares of the oil and gas company’s stock after purchasing an additional 3,360 shares during the quarter. Exxon Mobil makes up about 1.5% of Financial & Tax Architects LLC’s portfolio, making the stock its 29th biggest holding. Financial & Tax Architects LLC’s holdings in Exxon Mobil were worth $5,998,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Eagle Capital Management LLC raised its position in Exxon Mobil by 4.9% during the second quarter. Eagle Capital Management LLC now owns 2,460 shares of the oil and gas company’s stock worth $283,000 after acquiring an additional 114 shares during the period. XTX Topco Ltd purchased a new stake in shares of Exxon Mobil during the second quarter worth about $860,000. Legacy Financial Advisors Inc. raised its position in shares of Exxon Mobil by 8.9% during the 2nd quarter. Legacy Financial Advisors Inc. now owns 28,612 shares of the oil and gas company’s stock worth $3,294,000 after purchasing an additional 2,328 shares during the last quarter. Auxier Asset Management raised its position in shares of Exxon Mobil by 2.9% during the 2nd quarter. Auxier Asset Management now owns 13,192 shares of the oil and gas company’s stock worth $1,519,000 after purchasing an additional 371 shares during the last quarter. Finally, Alaethes Wealth LLC lifted its stake in Exxon Mobil by 1.6% in the 2nd quarter. Alaethes Wealth LLC now owns 19,705 shares of the oil and gas company’s stock valued at $2,268,000 after buying an additional 302 shares in the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Stock Performance

NYSE XOM opened at $112.37 on Monday. The stock has a fifty day simple moving average of $112.56 and a 200-day simple moving average of $115.51. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. The stock has a market cap of $493.89 billion, a PE ratio of 13.99, a P/E/G ratio of 2.70 and a beta of 0.91. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $126.34.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, beating analysts’ consensus estimates of $1.91 by $0.01. The business had revenue of $90.02 billion during the quarter, compared to analysts’ expectations of $93.98 billion. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The business’s revenue for the quarter was down .8% on a year-over-year basis. During the same period last year, the business earned $2.27 earnings per share. Equities analysts anticipate that Exxon Mobil Co. will post 7.86 earnings per share for the current year.

Exxon Mobil Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th were paid a $0.99 dividend. The ex-dividend date was Thursday, November 14th. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.52%. Exxon Mobil’s payout ratio is presently 49.32%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on XOM. The Goldman Sachs Group increased their target price on Exxon Mobil from $118.00 to $120.00 in a report on Thursday, October 31st. Redburn Atlantic reissued a “neutral” rating and issued a $120.00 price objective (up from $119.00) on shares of Exxon Mobil in a research note on Tuesday, September 24th. Bank of America began coverage on shares of Exxon Mobil in a research note on Thursday, October 17th. They set a “neutral” rating and a $124.00 target price on the stock. UBS Group reduced their target price on shares of Exxon Mobil from $149.00 to $147.00 and set a “buy” rating for the company in a research report on Thursday, December 12th. Finally, Barclays lowered their price target on shares of Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating on the stock in a research report on Thursday, October 3rd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Exxon Mobil currently has an average rating of “Moderate Buy” and a consensus target price of $128.84.

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.