JDH Wealth Management LLC Makes New Investment in Exxon Mobil Co. (NYSE:XOM)

JDH Wealth Management LLC acquired a new stake in shares of Exxon Mobil Co. (NYSE:XOM) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,310 shares of the oil and gas company’s stock, valued at approximately $571,000. Exxon Mobil accounts for about 0.5% of JDH Wealth Management LLC’s investment portfolio, making the stock its 26th biggest holding.

Several other institutional investors and hedge funds have also recently made changes to their positions in XOM. Nilsine Partners LLC boosted its position in Exxon Mobil by 10.7% during the 4th quarter. Nilsine Partners LLC now owns 56,644 shares of the oil and gas company’s stock valued at $6,093,000 after buying an additional 5,478 shares during the period. Berkshire Bank raised its stake in shares of Exxon Mobil by 0.9% during the fourth quarter. Berkshire Bank now owns 50,949 shares of the oil and gas company’s stock valued at $5,481,000 after acquiring an additional 475 shares during the last quarter. Foundations Investment Advisors LLC boosted its holdings in shares of Exxon Mobil by 15.3% during the fourth quarter. Foundations Investment Advisors LLC now owns 299,874 shares of the oil and gas company’s stock worth $32,257,000 after purchasing an additional 39,693 shares during the period. Parsons Capital Management Inc. RI grew its stake in shares of Exxon Mobil by 0.3% in the fourth quarter. Parsons Capital Management Inc. RI now owns 251,216 shares of the oil and gas company’s stock worth $27,023,000 after purchasing an additional 726 shares during the last quarter. Finally, Heirloom Wealth Management increased its holdings in Exxon Mobil by 6.0% during the 4th quarter. Heirloom Wealth Management now owns 61,143 shares of the oil and gas company’s stock valued at $6,577,000 after purchasing an additional 3,469 shares during the period. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Up 0.6 %

Shares of Exxon Mobil stock opened at $108.69 on Thursday. The company has a 50-day simple moving average of $111.14 and a two-hundred day simple moving average of $115.38. Exxon Mobil Co. has a 52-week low of $100.42 and a 52-week high of $126.34. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.35. The stock has a market capitalization of $477.69 billion, a PE ratio of 13.54, a price-to-earnings-growth ratio of 2.86 and a beta of 0.91.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, beating the consensus estimate 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 return on equity of 14.73% and a net margin of 9.61%. The firm’s quarterly revenue was down .8% on a year-over-year basis. During the same period in the prior year, the firm posted $2.27 EPS. On average, analysts anticipate that Exxon Mobil Co. will post 7.77 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Thursday, November 14th were issued a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.64%. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date was Thursday, November 14th. Exxon Mobil’s dividend payout ratio (DPR) is presently 49.32%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on XOM shares. UBS Group cut their price objective on Exxon Mobil from $149.00 to $147.00 and set a “buy” rating on the stock in a research report on Thursday, December 12th. TD Cowen reduced their price objective on shares of Exxon Mobil from $132.00 to $128.00 and set a “buy” rating on the stock in a research report on Monday, December 16th. BMO Capital Markets raised their target price on shares of Exxon Mobil from $127.00 to $130.00 and gave the stock a “market perform” rating in a research report on Friday, October 4th. JPMorgan Chase & Co. reduced their price target on shares of Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating on the stock in a research report on Monday, December 16th. Finally, Barclays lowered their price objective on shares of Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating for the company in a report on Thursday, October 3rd. One research 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, the stock has an average rating of “Moderate Buy” and an average target price of $128.84.

Exxon Mobil 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.