Verum Partners LLC Purchases 518 Shares of Exxon Mobil Co. (NYSE:XOM)

Verum Partners LLC lifted its holdings in Exxon Mobil Co. (NYSE:XOM) by 23.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,763 shares of the oil and gas company’s stock after purchasing an additional 518 shares during the period. Verum Partners LLC’s holdings in Exxon Mobil were worth $297,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in XOM. Hershey Financial Advisers LLC bought a new position in shares of Exxon Mobil during the 2nd quarter worth about $46,000. Retirement Wealth Solutions LLC acquired a new stake in Exxon Mobil during the fourth quarter worth about $46,000. Peterson Financial Group Inc. bought a new position in Exxon Mobil during the third quarter valued at about $51,000. Highline Wealth Partners LLC bought a new position in Exxon Mobil during the third quarter valued at about $54,000. Finally, Harbor Capital Advisors Inc. bought a new position in Exxon Mobil during the third quarter valued at about $63,000. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Up 0.5 %

Shares of XOM opened at $110.12 on Friday. The company has a market capitalization of $483.97 billion, a P/E ratio of 13.71, a PEG ratio of 2.93 and a beta of 0.91. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01. Exxon Mobil Co. has a one year low of $97.74 and a one year high of $126.34. The business’s 50 day simple moving average is $111.98 and its 200-day simple moving average is $115.44.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.91 by $0.01. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The firm had revenue of $90.02 billion for the quarter, compared to the consensus estimate of $93.98 billion. During the same quarter in the prior year, the business earned $2.27 EPS. The business’s revenue for the quarter was down .8% compared to the same quarter last year. As a group, sell-side analysts predict that Exxon Mobil Co. will post 7.77 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th were issued a dividend of $0.99 per share. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $3.96 annualized dividend and a yield of 3.60%. Exxon Mobil’s dividend payout ratio is currently 49.32%.

Analysts Set New Price Targets

XOM has been the topic of several research reports. BMO Capital Markets boosted their price target on Exxon Mobil from $127.00 to $130.00 and gave the company a “market perform” rating in a research note on Friday, October 4th. Scotiabank upgraded Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and boosted their price target for the company from $129.00 to $145.00 in a research note on Thursday, October 10th. Morgan Stanley lowered their price target on Exxon Mobil from $142.00 to $140.00 in a research note on Thursday, October 31st. Bank of America began coverage on Exxon Mobil in a research note on Thursday, October 17th. They set a “neutral” rating and a $124.00 price target on the stock. Finally, Mizuho decreased their price objective on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating on the stock in a report on Monday, December 16th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price 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.