Broadway Wealth Solutions Inc. Purchases Shares of 7,109 Exxon Mobil Co. (NYSE:XOM)

Broadway Wealth Solutions Inc. bought a new stake in shares of Exxon Mobil Co. (NYSE:XOM) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 7,109 shares of the oil and gas company’s stock, valued at approximately $765,000. Exxon Mobil makes up about 0.6% of Broadway Wealth Solutions Inc.’s investment portfolio, making the stock its 20th biggest position.

Several other large investors have also recently made changes to their positions in the company. Boussard & Gavaudan Investment Management LLP acquired a new position in shares of Exxon Mobil in the fourth quarter worth about $1,849,000. New Age Alpha Advisors LLC raised its holdings in Exxon Mobil by 140,292.1% in the 4th quarter. New Age Alpha Advisors LLC now owns 178,298 shares of the oil and gas company’s stock worth $19,180,000 after purchasing an additional 178,171 shares during the period. Norges Bank acquired a new stake in Exxon Mobil in the fourth quarter valued at approximately $6,936,737,000. Rockbridge Investment Management LCC increased its position in shares of Exxon Mobil by 4.2% in the fourth quarter. Rockbridge Investment Management LCC now owns 4,978 shares of the oil and gas company’s stock valued at $535,000 after buying an additional 200 shares in the last quarter. Finally, LM Advisors LLC raised its stake in shares of Exxon Mobil by 11.1% during the 4th quarter. LM Advisors LLC now owns 8,184 shares of the oil and gas company’s stock worth $880,000 after buying an additional 819 shares during the period. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Price Performance

XOM stock opened at $117.94 on Friday. Exxon Mobil Co. has a 52-week low of $103.67 and a 52-week high of $126.34. The business has a fifty day moving average of $110.63 and a two-hundred day moving average of $113.67. The stock has a market cap of $511.75 billion, a price-to-earnings ratio of 15.04, a price-to-earnings-growth ratio of 3.02 and a beta of 0.83. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (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 quarter in the previous year, the business earned $2.48 earnings per share. As a group, research analysts anticipate that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Wednesday, February 12th were issued a $0.99 dividend. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $3.96 annualized dividend and a dividend yield of 3.36%. Exxon Mobil’s dividend payout ratio is presently 50.51%.

Insider Buying and Selling

In other news, VP Darrin L. Talley sold 2,100 shares of the 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 sale, the vice president now owns 18,087 shares of the company’s stock, valued at approximately $1,989,570. This represents a 10.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.03% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages recently commented on XOM. BMO Capital Markets cut 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 report on Friday, January 31st. HSBC reduced their price target on shares of Exxon Mobil from $125.00 to $123.00 and set a “hold” rating for the company in a research report on Friday, January 31st. Argus upgraded Exxon Mobil to a “strong-buy” rating in a report on Tuesday, February 4th. JPMorgan Chase & Co. reduced their target price on Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating for the company in a report on Monday, December 16th. Finally, Mizuho lowered their price target on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating on the stock in a research note on Monday, December 16th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $129.05.

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.