FourThought Financial Partners LLC Has $4.02 Million Holdings in Exxon Mobil Corporation $XOM

FourThought Financial Partners LLC decreased its position in shares of Exxon Mobil Corporation (NYSE:XOM) by 1.9% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 37,259 shares of the oil and gas company’s stock after selling 737 shares during the quarter. FourThought Financial Partners LLC’s holdings in Exxon Mobil were worth $4,016,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of XOM. Eagle Capital Management LLC grew its stake in Exxon Mobil by 15.3% during the first quarter. Eagle Capital Management LLC now owns 2,836 shares of the oil and gas company’s stock worth $337,000 after purchasing an additional 376 shares during the period. Brucke Financial Inc. boosted its holdings in shares of Exxon Mobil by 2.1% during the 1st quarter. Brucke Financial Inc. now owns 6,792 shares of the oil and gas company’s stock worth $808,000 after buying an additional 142 shares in the last quarter. United Bank grew its position in shares of Exxon Mobil by 6.7% during the 1st quarter. United Bank now owns 21,221 shares of the oil and gas company’s stock worth $2,524,000 after buying an additional 1,333 shares during the period. Shoker Investment Counsel Inc. increased its stake in shares of Exxon Mobil by 1.0% in the 1st quarter. Shoker Investment Counsel Inc. now owns 37,207 shares of the oil and gas company’s stock valued at $4,425,000 after acquiring an additional 380 shares in the last quarter. Finally, Brio Consultants LLC lifted its position in shares of Exxon Mobil by 170.8% during the 1st quarter. Brio Consultants LLC now owns 5,678 shares of the oil and gas company’s stock valued at $675,000 after acquiring an additional 3,581 shares during the period. 61.80% of the stock is owned by institutional investors.

Exxon Mobil Stock Performance

Shares of Exxon Mobil stock opened at $116.02 on Tuesday. The business has a 50 day moving average price of $114.76 and a 200-day moving average price of $111.20. Exxon Mobil Corporation has a 52 week low of $97.80 and a 52 week high of $121.88. The company has a market cap of $489.28 billion, a PE ratio of 16.48, a price-to-earnings-growth ratio of 2.06 and a beta of 0.49. The company has a quick ratio of 0.88, a current ratio of 1.25 and a debt-to-equity ratio of 0.12.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, June 17th. The oil and gas company reported $0.65 EPS for the quarter. The business had revenue of $57.55 billion during the quarter. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%. Equities analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Friday, November 14th will be given a dividend of $1.03 per share. The ex-dividend date of this dividend is Friday, November 14th. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.99. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.6%. Exxon Mobil’s payout ratio is 59.88%.

Analyst Ratings Changes

A number of research firms have commented on XOM. Melius Research assumed coverage on shares of Exxon Mobil in a report on Wednesday, August 20th. They issued a “hold” rating and a $111.00 price target for the company. Bank of America raised their target price on Exxon Mobil from $113.00 to $120.00 and gave the company a “neutral” rating in a research note on Wednesday, September 10th. Wells Fargo & Company assumed coverage on Exxon Mobil in a research report on Friday, October 17th. They issued an “overweight” rating and a $156.00 target price for the company. Mizuho cut their price target on Exxon Mobil from $124.00 to $123.00 and set a “neutral” rating on the stock in a report on Monday, September 15th. Finally, Scotiabank reissued an “outperform” rating on shares of Exxon Mobil in a research note on Monday, November 3rd. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat.com, Exxon Mobil has an average rating of “Moderate Buy” and an average price target of $128.67.

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.