West Wealth Group LLC Raises Holdings in Exxon Mobil Co. (NYSE:XOM)

West Wealth Group LLC lifted its holdings in Exxon Mobil Co. (NYSE:XOM) by 34.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,924 shares of the oil and gas company’s stock after purchasing an additional 749 shares during the quarter. West Wealth Group LLC’s holdings in Exxon Mobil were worth $315,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Retirement Wealth Solutions LLC purchased a new stake in Exxon Mobil during the 4th quarter valued at $46,000. Peterson Financial Group Inc. purchased a new stake in Exxon Mobil during the third quarter valued at $51,000. Highline Wealth Partners LLC bought a new position in Exxon Mobil in the third quarter valued at about $54,000. Harbor Capital Advisors Inc. purchased a new position in Exxon Mobil in the third quarter worth about $63,000. Finally, Annapolis Financial Services LLC grew its stake in shares of Exxon Mobil by 284.9% during the 3rd quarter. Annapolis Financial Services LLC now owns 766 shares of the oil and gas company’s stock valued at $90,000 after purchasing an additional 567 shares during the period. 61.80% of the stock is owned by institutional investors.

Exxon Mobil Trading Up 0.6 %

Shares of Exxon Mobil stock opened at $108.69 on Thursday. The company has a quick ratio of 1.01, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. The firm has a market cap of $477.69 billion, a price-to-earnings ratio of 13.54, a PEG ratio of 2.86 and a beta of 0.91. Exxon Mobil Co. has a twelve month low of $100.42 and a twelve month high of $126.34. The business has a 50-day moving average price of $111.14 and a 200-day moving average price of $115.38.

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, topping analysts’ consensus estimates of $1.91 by $0.01. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The business had revenue of $90.02 billion for the quarter, compared to the consensus estimate of $93.98 billion. During the same quarter in the previous year, the company posted $2.27 EPS. The company’s revenue was down .8% compared to the same quarter last year. Equities research 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. Shareholders of record on Thursday, November 14th were paid a $0.99 dividend. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.64%. The ex-dividend date of this dividend was Thursday, November 14th. Exxon Mobil’s dividend payout ratio (DPR) is presently 49.32%.

Analysts Set New Price Targets

XOM has been the topic of a number of research reports. Bank of America initiated coverage on shares of Exxon Mobil in a report on Thursday, October 17th. They issued a “neutral” rating and a $124.00 price objective on the stock. Wolfe Research boosted their price objective on shares of Exxon Mobil from $137.00 to $138.00 in a research report on Thursday, October 31st. Morgan Stanley decreased their target price on Exxon Mobil from $142.00 to $140.00 in a report on Thursday, October 31st. Barclays cut their price target on Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating for the company in a report on Thursday, October 3rd. Finally, JPMorgan Chase & Co. decreased their price objective on Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating on the stock in a research note on Monday, December 16th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Exxon Mobil has a consensus rating of “Moderate Buy” and an average price target 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.