Concentric Wealth Management LLC Buys 21,118 Shares of Exxon Mobil Co. (NYSE:XOM)

Concentric Wealth Management LLC boosted its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 57.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 57,780 shares of the oil and gas company’s stock after buying an additional 21,118 shares during the period. Exxon Mobil makes up approximately 1.7% of Concentric Wealth Management LLC’s holdings, making the stock its 19th largest holding. Concentric Wealth Management LLC’s holdings in Exxon Mobil were worth $5,777,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Auxier Asset Management boosted its position in shares of Exxon Mobil by 0.8% during the 3rd quarter. Auxier Asset Management now owns 12,963 shares of the oil and gas company’s stock worth $1,524,000 after purchasing an additional 97 shares in the last quarter. Boltwood Capital Management boosted its position in Exxon Mobil by 0.4% during the fourth quarter. Boltwood Capital Management now owns 25,445 shares of the oil and gas company’s stock worth $2,544,000 after purchasing an additional 98 shares in the last quarter. Argus Investors Counsel Inc. grew its holdings in Exxon Mobil by 0.5% in the fourth quarter. Argus Investors Counsel Inc. now owns 20,450 shares of the oil and gas company’s stock valued at $2,045,000 after purchasing an additional 100 shares during the last quarter. Pacific Wealth Strategies Group Inc. increased its position in shares of Exxon Mobil by 5.0% in the fourth quarter. Pacific Wealth Strategies Group Inc. now owns 2,100 shares of the oil and gas company’s stock valued at $210,000 after buying an additional 100 shares in the last quarter. Finally, Miller Investment Management LP raised its stake in shares of Exxon Mobil by 5.0% during the 4th quarter. Miller Investment Management LP now owns 2,100 shares of the oil and gas company’s stock worth $210,000 after buying an additional 100 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, VP Darrin L. Talley sold 2,426 shares of the stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $119.01, for a total value of $288,718.26. Following the completion of the transaction, the vice president now owns 25,363 shares of the company’s stock, valued at $3,018,450.63. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.03% of the stock is currently owned by company insiders.

Exxon Mobil Stock Down 1.1 %

Shares of NYSE XOM traded down $1.25 on Wednesday, hitting $110.93. The company had a trading volume of 13,603,863 shares, compared to its average volume of 18,154,232. The company has a quick ratio of 1.06, a current ratio of 1.38 and a debt-to-equity ratio of 0.15. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $123.75. The firm has a market capitalization of $437.38 billion, a P/E ratio of 13.59, a PEG ratio of 3.94 and a beta of 0.92. The business has a 50 day moving average of $117.27 and a two-hundred day moving average of $108.75.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, April 26th. The oil and gas company reported $2.06 earnings per share for the quarter, missing analysts’ consensus estimates of $2.19 by ($0.13). Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The company had revenue of $83.08 billion during the quarter, compared to analysts’ expectations of $79.69 billion. During the same quarter in the prior year, the company earned $2.83 EPS. The firm’s revenue was down 4.0% compared to the same quarter last year. As a group, equities research analysts forecast that Exxon Mobil Co. will post 9.57 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Wednesday, May 15th were paid a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 3.43%. The ex-dividend date of this dividend was Tuesday, May 14th. Exxon Mobil’s dividend payout ratio (DPR) is 46.57%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Scotiabank lifted their target price on shares of Exxon Mobil from $114.00 to $129.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 11th. TD Cowen upped their target price on Exxon Mobil from $128.00 to $135.00 and gave the company a “buy” rating in a research note on Tuesday, April 30th. Wells Fargo & Company upped their price objective on shares of Exxon Mobil from $138.00 to $142.00 and gave the company an “overweight” rating in a research note on Tuesday, April 30th. Mizuho raised their target price on shares of Exxon Mobil from $125.00 to $128.00 and gave the stock a “neutral” rating in a research report on Monday, May 13th. Finally, UBS Group boosted their target price on shares of Exxon Mobil from $150.00 to $152.00 and gave the company a “buy” rating in a report on Tuesday, May 7th. Nine research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $133.71.

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.