Exxon Mobil Co. (NYSE:XOM) Shares Purchased by Whitener Capital Management Inc.

Whitener Capital Management Inc. raised its stake in Exxon Mobil Co. (NYSE:XOM) by 3.7% in the fourth quarter, HoldingsChannel.com reports. The fund owned 40,605 shares of the oil and gas company’s stock after purchasing an additional 1,433 shares during the quarter. Exxon Mobil comprises approximately 1.2% of Whitener Capital Management Inc.’s portfolio, making the stock its 19th biggest position. Whitener Capital Management Inc.’s holdings in Exxon Mobil were worth $4,368,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Helen Stephens Group LLC raised its stake in Exxon Mobil by 7.3% in the 4th quarter. Helen Stephens Group LLC now owns 41,637 shares of the oil and gas company’s stock valued at $4,479,000 after purchasing an additional 2,825 shares during the last quarter. Carderock Capital Management Inc. grew its holdings in shares of Exxon Mobil by 293.7% during the fourth quarter. Carderock Capital Management Inc. now owns 13,633 shares of the oil and gas company’s stock worth $1,467,000 after buying an additional 10,170 shares in the last quarter. 25 LLC purchased a new stake in shares of Exxon Mobil during the fourth quarter worth about $261,000. Sax Wealth Advisors LLC lifted its stake in shares of Exxon Mobil by 8.4% during the fourth quarter. Sax Wealth Advisors LLC now owns 21,072 shares of the oil and gas company’s stock valued at $2,267,000 after buying an additional 1,628 shares during the period. Finally, Merit Financial Group LLC boosted its position in Exxon Mobil by 19.5% during the fourth quarter. Merit Financial Group LLC now owns 202,477 shares of the oil and gas company’s stock worth $21,780,000 after acquiring an additional 33,044 shares during the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Exxon Mobil Stock Performance

Shares of NYSE:XOM opened at $112.37 on Friday. The business’s 50-day simple moving average is $112.56 and its 200 day simple moving average is $115.50. The company has a market cap of $493.89 billion, a P/E ratio of 13.99, a PEG ratio of 2.70 and a beta of 0.91. 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 one year low of $95.77 and a one year high of $126.34.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, November 1st. The oil and gas company reported $1.92 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 analysts’ expectations of $93.98 billion. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The business’s revenue for the quarter was down .8% compared to the same quarter last year. During the same period in the previous year, the company posted $2.27 earnings per share. On average, sell-side analysts forecast that Exxon Mobil Co. will post 7.86 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th were given a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.52%. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date of this dividend was Thursday, November 14th. Exxon Mobil’s payout ratio is presently 49.32%.

Analysts Set New Price Targets

A number of research analysts have weighed in on XOM shares. Bank of America initiated coverage on Exxon Mobil in a research note on Thursday, October 17th. They set a “neutral” rating and a $124.00 price target on the stock. BNP Paribas lowered Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price target on the stock. in a research note on Wednesday, October 9th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $115.00 price objective on shares of Exxon Mobil in a research note on Thursday, December 12th. Wolfe Research raised their target price on shares of Exxon Mobil from $137.00 to $138.00 in a research report on Thursday, October 31st. Finally, TD Cowen dropped their price target on shares of Exxon Mobil from $132.00 to $128.00 and set a “buy” rating for the company in a research report on Monday, December 16th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Exxon Mobil presently has an average rating of “Moderate Buy” and a consensus target price of $128.84.

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.