Armstrong Henry H Associates Inc. Has $956,000 Position in Exxon Mobil Co. (NYSE:XOM)

Armstrong Henry H Associates Inc. cut its stake in Exxon Mobil Co. (NYSE:XOM) by 19.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,885 shares of the oil and gas company’s stock after selling 2,176 shares during the quarter. Armstrong Henry H Associates Inc.’s holdings in Exxon Mobil were worth $956,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Eagle Capital Management LLC raised its holdings 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 valued at $283,000 after buying an additional 114 shares in the last quarter. Executive Wealth Management LLC lifted its position in shares of Exxon Mobil by 10.2% during the 2nd quarter. Executive Wealth Management LLC now owns 11,712 shares of the oil and gas company’s stock worth $1,348,000 after purchasing an additional 1,087 shares during the last quarter. Prevail Innovative Wealth Advisors LLC increased its position in Exxon Mobil by 88.1% in the 2nd quarter. Prevail Innovative Wealth Advisors LLC now owns 4,681 shares of the oil and gas company’s stock worth $539,000 after buying an additional 2,192 shares during the period. TradeLink Capital LLC acquired a new position in Exxon Mobil during the 2nd quarter valued at $737,000. Finally, GHP Investment Advisors Inc. lifted its stake in shares of Exxon Mobil by 8.4% in the second quarter. GHP Investment Advisors Inc. now owns 56,740 shares of the oil and gas company’s stock valued at $6,532,000 after buying an additional 4,411 shares during the period. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Exxon Mobil Price Performance

Shares of XOM opened at $109.27 on Tuesday. The company has a market cap of $480.25 billion, a price-to-earnings ratio of 13.61, a PEG ratio of 4.65 and a beta of 0.91. 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 company’s fifty day simple moving average is $113.31 and its 200 day simple moving average is $115.61. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $126.34.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, topping analysts’ consensus estimates of $1.91 by $0.01. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The business had revenue of $90.02 billion for the quarter, compared to analyst estimates of $93.98 billion. During the same period in the previous year, the firm earned $2.27 EPS. The firm’s revenue was down .8% compared to the same quarter last year. On average, research analysts forecast that Exxon Mobil Co. will post 7.95 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Thursday, November 14th were issued a dividend of $0.99 per share. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 annualized dividend and a yield of 3.62%. The ex-dividend date of this dividend was Thursday, November 14th. Exxon Mobil’s dividend payout ratio (DPR) is presently 49.32%.

Analysts Set New Price Targets

XOM has been the subject of a number of analyst reports. The Goldman Sachs Group raised their price objective on shares of Exxon Mobil from $118.00 to $120.00 in a report on Thursday, October 31st. Royal Bank of Canada restated a “sector perform” rating and issued a $115.00 price target on shares of Exxon Mobil in a research report on Thursday, December 12th. Scotiabank raised Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and boosted their target price for the stock from $129.00 to $145.00 in a report on Thursday, October 10th. Wells Fargo & Company raised their price target on Exxon Mobil from $135.00 to $136.00 and gave the company an “overweight” rating in a report on Friday, September 27th. Finally, TD Cowen decreased their target price on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating on the stock in a report on Monday, December 16th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have assigned a buy rating and one has given 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.

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.