Fundamentun LLC Takes Position in Exxon Mobil Co. (NYSE:XOM)

Fundamentun LLC acquired a new stake in shares of Exxon Mobil Co. (NYSE:XOM – Get Rating) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 4,439 shares of the oil and gas company’s stock, valued at approximately $490,000.

A number of other institutional investors have also recently made changes to their positions in XOM. Wealthquest Corp lifted its holdings in Exxon Mobil by 1.4% during the third quarter. Wealthquest Corp now owns 6,629 shares of the oil and gas company’s stock worth $578,000 after buying an additional 89 shares during the period. FourThought Financial LLC lifted its holdings in shares of Exxon Mobil by 0.3% during the 3rd quarter. FourThought Financial LLC now owns 31,022 shares of the oil and gas company’s stock valued at $2,709,000 after purchasing an additional 94 shares during the last quarter. Wilson & Boucher Capital Management LLC lifted its holdings in shares of Exxon Mobil by 1.8% during the 3rd quarter. Wilson & Boucher Capital Management LLC now owns 5,445 shares of the oil and gas company’s stock valued at $475,000 after purchasing an additional 95 shares during the last quarter. Blooom Inc. lifted its holdings in shares of Exxon Mobil by 0.8% during the 3rd quarter. Blooom Inc. now owns 12,226 shares of the oil and gas company’s stock valued at $1,082,000 after purchasing an additional 97 shares during the last quarter. Finally, OneAscent Wealth Management LLC lifted its holdings in shares of Exxon Mobil by 1.5% during the 3rd quarter. OneAscent Wealth Management LLC now owns 6,749 shares of the oil and gas company’s stock valued at $589,000 after purchasing an additional 97 shares during the last quarter. Hedge funds and other institutional investors own 57.49% of the company’s stock.

Insider Activity

In other news, VP Darrin L. Talley sold 2,500 shares of the firm’s stock in a transaction dated Wednesday, February 1st. The stock was sold at an average price of $115.50, for a total transaction of $288,750.00. Following the sale, the vice president now directly owns 31,772 shares in the company, valued at approximately $3,669,666. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.04% of the company’s stock.

Exxon Mobil Stock Performance

XOM traded down $1.19 during midday trading on Friday, hitting $99.84. 43,199,470 shares of the company were exchanged, compared to its average volume of 15,078,390. The company’s 50 day simple moving average is $111.74 and its 200 day simple moving average is $106.50. The firm has a market capitalization of $406.45 billion, a price-to-earnings ratio of 7.53, a price-to-earnings-growth ratio of 0.43 and a beta of 1.09. The company has a current ratio of 1.41, a quick ratio of 1.06 and a debt-to-equity ratio of 0.20. Exxon Mobil Co. has a 1-year low of $78.10 and a 1-year high of $119.63.

Exxon Mobil (NYSE:XOM – Get Rating) last announced its quarterly earnings results on Tuesday, January 31st. The oil and gas company reported $3.40 earnings per share for the quarter, topping the consensus estimate of $3.32 by $0.08. Exxon Mobil had a return on equity of 31.25% and a net margin of 13.47%. The company had revenue of $95.43 billion for the quarter, compared to the consensus estimate of $90.21 billion. During the same period last year, the firm earned $2.05 EPS. The firm’s revenue for the quarter was up 12.3% compared to the same quarter last year. As a group, sell-side analysts predict that Exxon Mobil Co. will post 10.08 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 10th. Stockholders of record on Tuesday, February 14th were given a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.65%. The ex-dividend date was Monday, February 13th. Exxon Mobil’s dividend payout ratio (DPR) is presently 27.45%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on XOM. Scotiabank upgraded Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and increased their price objective for the company from $120.00 to $135.00 in a report on Tuesday, January 17th. Cowen increased their price objective on Exxon Mobil from $108.00 to $113.00 and gave the company a “market perform” rating in a report on Thursday, February 2nd. Wells Fargo & Company increased their price objective on Exxon Mobil from $125.00 to $133.00 and gave the company an “overweight” rating in a report on Friday, March 3rd. Mizuho increased their price objective on Exxon Mobil from $140.00 to $147.00 in a report on Friday, March 10th. Finally, Redburn Partners lowered Exxon Mobil from a “neutral” rating to a “sell” rating in a research note on Wednesday, January 18th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and fifteen have issued a 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 $121.64.

Exxon Mobil Profile

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Exxon Mobil Corp. engages in the exploration, development, and distribution of oil, gas, and petroleum products. It operates through the following segments: Upstream, Downstream and Chemical. The Upstream segment produces crude oil and natural gas. The Downstream segment manufactures and trades petroleum products.