Canvas Wealth Advisors LLC Buys 173 Shares of Exxon Mobil Co. (NYSE:XOM)

Canvas Wealth Advisors LLC raised its position in shares of Exxon Mobil Co. (NYSE:XOM) by 4.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,464 shares of the oil and gas company’s stock after purchasing an additional 173 shares during the period. Canvas Wealth Advisors LLC’s holdings in Exxon Mobil were worth $480,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Wedge Capital Management L L P NC boosted its holdings in Exxon Mobil by 1.8% during the 3rd quarter. Wedge Capital Management L L P NC now owns 7,077 shares of the oil and gas company’s stock valued at $830,000 after acquiring an additional 126 shares during the period. Creative Planning lifted its holdings in Exxon Mobil by 0.5% in the 3rd quarter. Creative Planning now owns 1,801,232 shares of the oil and gas company’s stock worth $211,140,000 after buying an additional 9,733 shares during the period. Magnus Financial Group LLC grew its position in shares of Exxon Mobil by 37.8% in the 3rd quarter. Magnus Financial Group LLC now owns 55,842 shares of the oil and gas company’s stock worth $6,546,000 after buying an additional 15,309 shares during the last quarter. Regatta Capital Group LLC increased its stake in shares of Exxon Mobil by 2.7% during the third quarter. Regatta Capital Group LLC now owns 8,586 shares of the oil and gas company’s stock valued at $1,006,000 after buying an additional 229 shares during the period. Finally, QV Investors Inc. raised its holdings in shares of Exxon Mobil by 0.6% during the third quarter. QV Investors Inc. now owns 41,611 shares of the oil and gas company’s stock valued at $4,878,000 after acquiring an additional 240 shares in the last quarter. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Performance

XOM stock opened at $107.37 on Thursday. The stock has a market capitalization of $471.90 billion, a PE ratio of 13.70, a price-to-earnings-growth ratio of 2.94 and a beta of 0.89. The stock’s 50 day simple moving average is $109.16 and its 200 day simple moving average is $114.88. Exxon Mobil Co. has a 12-month low of $100.42 and a 12-month high of $126.34. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.77 by ($0.10). Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. During the same period in the prior year, the company earned $2.48 EPS. As a group, research analysts forecast that Exxon Mobil Co. will post 7.37 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th will be given a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 3.69%. The ex-dividend date is Wednesday, February 12th. Exxon Mobil’s dividend payout ratio (DPR) is presently 50.51%.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Mizuho reduced their price objective on shares of Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating on the stock in a research report on Monday, December 16th. BMO Capital Markets decreased their price target on shares of Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating for the company in a research note on Friday, January 31st. JPMorgan Chase & Co. cut their price objective on Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating on the stock in a research report on Monday, December 16th. Wells Fargo & Company reduced their target price on Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating on the stock in a report on Monday, February 3rd. Finally, Bernstein Bank raised their target price on Exxon Mobil from $138.00 to $144.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. One analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $129.25.

Insider Buying and Selling

In other news, VP Darrin L. Talley sold 2,100 shares of the company’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total transaction of $231,000.00. Following the completion of the sale, the vice president now owns 18,087 shares of the company’s stock, valued at $1,989,570. This represents a 10.40 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.03% of the stock is currently owned by corporate insiders.

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.