Sprinkle Financial Consultants LLC Purchases 232 Shares of Exxon Mobil Co. (NYSE:XOM)

Sprinkle Financial Consultants LLC boosted its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 6.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,713 shares of the oil and gas company’s stock after purchasing an additional 232 shares during the quarter. Sprinkle Financial Consultants LLC’s holdings in Exxon Mobil were worth $435,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. FPC Investment Advisory Inc. purchased a new stake in shares of Exxon Mobil during the 1st quarter valued at about $25,000. Fairway Wealth LLC purchased a new stake in Exxon Mobil during the second quarter valued at approximately $35,000. Anfield Capital Management LLC lifted its stake in shares of Exxon Mobil by 360.0% in the 2nd quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock valued at $37,000 after purchasing an additional 252 shares during the last quarter. Fairscale Capital LLC purchased a new position in shares of Exxon Mobil in the 2nd quarter worth approximately $39,000. Finally, POM Investment Strategies LLC increased its position in shares of Exxon Mobil by 918.9% during the 2nd quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock valued at $43,000 after purchasing an additional 340 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Wall Street Analysts Forecast Growth

XOM has been the subject of a number of analyst reports. Bank of America assumed coverage on Exxon Mobil in a research report on Thursday, October 17th. They issued a “neutral” rating and a $124.00 price target for the company. Mizuho lifted their price target on shares of Exxon Mobil from $128.00 to $130.00 and gave the stock a “neutral” rating in a research note on Monday, September 16th. Morgan Stanley reduced their price objective on shares of Exxon Mobil from $145.00 to $142.00 and set an “overweight” rating on the stock in a research report on Monday, September 16th. Evercore ISI upgraded Exxon Mobil to a “strong-buy” rating in a research report on Monday, August 5th. Finally, Sanford C. Bernstein reduced their price target on Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating on the stock in a report on Wednesday, July 17th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $131.44.

Exxon Mobil Price Performance

Shares of XOM opened at $119.60 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.36. The company has a 50 day moving average price of $117.49 and a 200-day moving average price of $116.49. Exxon Mobil Co. has a fifty-two week low of $95.77 and a fifty-two week high of $126.34. The stock has a market capitalization of $471.58 billion, a PE ratio of 14.66, a PEG ratio of 5.02 and a beta of 0.89.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share for the quarter, topping analysts’ consensus estimates of $2.04 by $0.10. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. The company had revenue of $93.06 billion during the quarter, compared to analyst estimates of $90.09 billion. During the same quarter in the prior year, the business earned $1.94 earnings per share. Exxon Mobil’s revenue was up 12.2% on a year-over-year basis. Equities analysts predict that Exxon Mobil Co. will post 8.11 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th were paid a $0.95 dividend. The ex-dividend date was Thursday, August 15th. This represents a $3.80 annualized dividend and a yield of 3.18%. Exxon Mobil’s dividend payout ratio (DPR) is presently 46.57%.

Exxon Mobil Company Profile

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.