Flagstone Financial Management Purchases 1,095 Shares of Exxon Mobil Co. (NYSE:XOM)

Flagstone Financial Management grew its position in Exxon Mobil Co. (NYSE:XOMFree Report) by 18.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,166 shares of the oil and gas company’s stock after purchasing an additional 1,095 shares during the quarter. Exxon Mobil makes up about 0.3% of Flagstone Financial Management’s investment portfolio, making the stock its 26th largest holding. Flagstone Financial Management’s holdings in Exxon Mobil were worth $771,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of XOM. Retirement Wealth Solutions LLC purchased a new position in Exxon Mobil in the 4th quarter worth about $46,000. Peterson Financial Group Inc. purchased a new position in Exxon Mobil in the 3rd quarter worth about $51,000. Highline Wealth Partners LLC purchased a new position in Exxon Mobil in the 3rd quarter worth about $54,000. Harbor Capital Advisors Inc. purchased a new position in Exxon Mobil in the 3rd quarter worth about $63,000. Finally, Annapolis Financial Services LLC increased its stake in Exxon Mobil by 284.9% in the 3rd quarter. Annapolis Financial Services LLC now owns 766 shares of the oil and gas company’s stock worth $90,000 after buying an additional 567 shares during the period. 61.80% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. HSBC lowered their price target on shares of Exxon Mobil from $125.00 to $123.00 and set a “hold” rating on the stock in a report on Friday. BNP Paribas cut shares of Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price target on the stock. in a report on Wednesday, October 9th. UBS Group lowered their price target on shares of Exxon Mobil from $149.00 to $147.00 and set a “buy” rating on the stock in a report on Thursday, December 12th. TD Cowen lowered their target price on shares of Exxon Mobil from $132.00 to $128.00 and set a “buy” rating for the company in a research note on Monday, December 16th. Finally, The Goldman Sachs Group lowered their target price on shares of Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating for the company in a research note on Friday. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $129.25.

Read Our Latest Report on Exxon Mobil

Exxon Mobil Stock Up 0.2 %

Shares of XOM opened at $107.08 on Tuesday. The firm has a market cap of $470.63 billion, a P/E ratio of 13.66, a price-to-earnings-growth ratio of 2.79 and a beta of 0.89. Exxon Mobil Co. has a 12-month low of $100.42 and a 12-month high of $126.34. The company’s 50-day moving average price is $110.36 and its 200 day moving average price is $115.21. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14.

Exxon Mobil (NYSE:XOMGet Free Report) last issued its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.77 by ($0.10). Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. During the same quarter in the previous year, the business earned $2.48 earnings per share. On average, sell-side analysts forecast that Exxon Mobil Co. will post 7.65 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Wednesday, February 12th will be issued a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 3.70%. The ex-dividend date is Wednesday, February 12th. Exxon Mobil’s dividend payout ratio is presently 50.51%.

Exxon Mobil Company Profile

(Free Report)

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.

Featured Stories

Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

Receive News & Ratings for Exxon Mobil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exxon Mobil and related companies with MarketBeat.com's FREE daily email newsletter.