Foundations Investment Advisors LLC Purchases 39,693 Shares of Exxon Mobil Co. (NYSE:XOM)

Foundations Investment Advisors LLC boosted its position in shares of Exxon Mobil Co. (NYSE:XOM) by 15.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 299,874 shares of the oil and gas company’s stock after buying an additional 39,693 shares during the period. Foundations Investment Advisors LLC’s holdings in Exxon Mobil were worth $32,257,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in XOM. Vertex Planning Partners LLC raised its stake in shares of Exxon Mobil by 3.1% during the third quarter. Vertex Planning Partners LLC now owns 2,778 shares of the oil and gas company’s stock valued at $326,000 after acquiring an additional 83 shares in the last quarter. First Heartland Consultants Inc. raised its position in Exxon Mobil by 0.9% during the 3rd quarter. First Heartland Consultants Inc. now owns 9,451 shares of the oil and gas company’s stock valued at $1,108,000 after purchasing an additional 87 shares in the last quarter. Latitude Advisors LLC lifted its holdings in shares of Exxon Mobil by 0.7% in the 3rd quarter. Latitude Advisors LLC now owns 13,378 shares of the oil and gas company’s stock worth $1,568,000 after buying an additional 88 shares during the period. Longfellow Investment Management Co. LLC increased its stake in shares of Exxon Mobil by 0.6% during the third quarter. Longfellow Investment Management Co. LLC now owns 14,537 shares of the oil and gas company’s stock valued at $1,704,000 after buying an additional 88 shares during the period. Finally, West Oak Capital LLC raised its holdings in shares of Exxon Mobil by 0.6% in the fourth quarter. West Oak Capital LLC now owns 16,207 shares of the oil and gas company’s stock valued at $1,743,000 after acquiring an additional 92 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on XOM. BNP Paribas cut shares of Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 target price on the stock. in a report on Wednesday, October 9th. Morgan Stanley cut their price target on Exxon Mobil from $142.00 to $140.00 in a report on Thursday, October 31st. TD Cowen decreased their price objective on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating for the company in a research note on Monday, December 16th. The Goldman Sachs Group raised their price objective on Exxon Mobil from $118.00 to $120.00 in a research report on Thursday, October 31st. Finally, Barclays reduced their target price on shares of Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating for the company in a report on Thursday, October 3rd. One 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. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $128.84.

Exxon Mobil Stock Performance

Shares of XOM opened at $108.69 on Thursday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.35. The stock has a 50-day moving average of $111.14 and a two-hundred day moving average of $115.38. The stock has a market cap of $477.69 billion, a P/E ratio of 13.54, a P/E/G ratio of 2.86 and a beta of 0.91. Exxon Mobil Co. has a one year low of $100.42 and a one year 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, 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 company had revenue of $90.02 billion for the quarter, compared to the consensus estimate of $93.98 billion. During the same period last year, the firm earned $2.27 EPS. The firm’s revenue for the quarter was down .8% compared to the same quarter last year. As a group, research analysts predict that Exxon Mobil Co. will post 7.77 EPS for the current 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 given a $0.99 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.64%. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s dividend payout ratio is 49.32%.

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.