Wealthcare Capital Partners LLC Makes New Investment in Exxon Mobil Co. (NYSE:XOM)

Wealthcare Capital Partners LLC acquired a new position in Exxon Mobil Co. (NYSE:XOM) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 4,538 shares of the oil and gas company’s stock, valued at approximately $488,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of XOM. Sovran Advisors LLC bought a new position in Exxon Mobil in the 4th quarter worth $1,387,000. Strengthening Families & Communities LLC boosted its stake in shares of Exxon Mobil by 4.2% in the fourth quarter. Strengthening Families & Communities LLC now owns 31,957 shares of the oil and gas company’s stock worth $3,438,000 after acquiring an additional 1,297 shares during the period. Peterson Wealth Services grew its position in shares of Exxon Mobil by 5.2% during the fourth quarter. Peterson Wealth Services now owns 22,105 shares of the oil and gas company’s stock worth $2,378,000 after purchasing an additional 1,097 shares in the last quarter. Axecap Investments LLC raised its stake in Exxon Mobil by 3.2% during the 4th quarter. Axecap Investments LLC now owns 3,730 shares of the oil and gas company’s stock valued at $401,000 after purchasing an additional 115 shares during the period. Finally, Stonebridge Financial Group LLC purchased a new position in Exxon Mobil in the 4th quarter worth approximately $1,252,000. 61.80% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Stock Up 0.0 %

Shares of NYSE XOM opened at $108.17 on Friday. The company has a market cap of $475.42 billion, a P/E ratio of 13.80, a PEG ratio of 2.94 and a beta of 0.89. The firm has a 50-day simple moving average of $108.88 and a two-hundred day simple moving average of $114.78. Exxon Mobil Co. has a 1 year low of $100.60 and a 1 year high of $126.34. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 EPS for the quarter, missing the consensus estimate 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 posted $2.48 earnings per share. Research analysts anticipate that Exxon Mobil Co. will post 7.37 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Wednesday, February 12th will be issued a dividend of $0.99 per share. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a yield of 3.66%. Exxon Mobil’s payout ratio is 50.51%.

Analyst Upgrades and Downgrades

XOM has been the topic of several recent analyst reports. Morgan Stanley lifted their price objective on shares of Exxon Mobil from $139.00 to $140.00 in a research report on Friday, January 31st. 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 report on Monday, December 16th. Truist Financial raised their price objective on Exxon Mobil from $117.00 to $119.00 and gave the company a “hold” rating in a research report on Monday, January 13th. BMO Capital Markets decreased their target price on Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating on the stock in a research report on Friday, January 31st. Finally, Bernstein Bank raised their price target on Exxon Mobil from $138.00 to $144.00 and gave the company an “overweight” rating in a report on Friday, January 31st. One analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $129.25.

Insider Buying and Selling at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,100 shares of Exxon Mobil stock in a transaction that occurred on 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 approximately $1,989,570. The trade was a 10.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.03% of the stock is 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.