Executive Wealth Management LLC Buys 42,390 Shares of Exxon Mobil Co. (NYSE:XOM)

Executive Wealth Management LLC grew its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 361.9% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 54,102 shares of the oil and gas company’s stock after acquiring an additional 42,390 shares during the period. Executive Wealth Management LLC’s holdings in Exxon Mobil were worth $6,342,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of XOM. Massachusetts Financial Services Co. MA lifted its stake in shares of Exxon Mobil by 532.8% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 16,815,314 shares of the oil and gas company’s stock valued at $1,935,779,000 after buying an additional 14,158,054 shares in the last quarter. Primecap Management Co. CA purchased a new stake in shares of Exxon Mobil during the 2nd quarter valued at approximately $980,210,000. International Assets Investment Management LLC lifted its stake in shares of Exxon Mobil by 7,761.0% during the 3rd quarter. International Assets Investment Management LLC now owns 6,893,677 shares of the oil and gas company’s stock valued at $808,077,000 after buying an additional 6,805,982 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Exxon Mobil by 16.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 36,794,077 shares of the oil and gas company’s stock valued at $4,235,972,000 after buying an additional 5,330,887 shares in the last quarter. Finally, Legal & General Group Plc lifted its stake in shares of Exxon Mobil by 19.3% during the 2nd quarter. Legal & General Group Plc now owns 32,308,002 shares of the oil and gas company’s stock valued at $3,719,296,000 after buying an additional 5,235,607 shares in the last quarter. 61.80% of the stock is owned by institutional investors.

Analyst Ratings Changes

XOM has been the topic of a number of recent research reports. Wells Fargo & Company upped their price target on shares of Exxon Mobil from $135.00 to $136.00 and gave the company an “overweight” rating in a research note on Friday, September 27th. Mizuho increased their target price 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. UBS Group lowered their target price on shares of Exxon Mobil from $157.00 to $149.00 and set a “buy” rating on the stock in a research note on Wednesday, September 18th. Morgan Stanley lowered their target price on shares of Exxon Mobil from $142.00 to $140.00 in a research note on Thursday, October 31st. Finally, JPMorgan Chase & Co. increased their target price on shares of Exxon Mobil from $127.00 to $128.00 in a research note on Thursday, October 31st. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $129.95.

Exxon Mobil Price Performance

XOM stock opened at $112.92 on Tuesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.35. Exxon Mobil Co. has a 52 week low of $95.77 and a 52 week high of $126.34. The firm’s fifty day moving average is $119.68 and its 200 day moving average is $116.47. The firm has a market cap of $496.29 billion, a P/E ratio of 14.06, a P/E/G ratio of 4.77 and a beta of 0.89.

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 (EPS) for the quarter, topping analysts’ consensus estimates of $1.91 by $0.01. The business had revenue of $90.02 billion for the quarter, compared to analyst estimates of $93.98 billion. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The company’s revenue was down .8% on a year-over-year basis. During the same quarter last year, the firm earned $2.27 EPS. Research analysts predict that Exxon Mobil Co. will post 7.94 earnings per share for the current year.

Exxon Mobil Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th will be issued a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 3.51%. The ex-dividend date of this dividend is Thursday, November 14th. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s dividend payout ratio (DPR) is 49.32%.

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.