Exxon Mobil Co. (NYSE:XOM) Position Raised by Kelleher Financial Advisors

Kelleher Financial Advisors raised its position in shares of Exxon Mobil Co. (NYSE:XOM) by 5.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,968 shares of the oil and gas company’s stock after purchasing an additional 339 shares during the quarter. Kelleher Financial Advisors’ holdings in Exxon Mobil were worth $750,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of XOM. Marino Stram & Associates LLC boosted its stake in Exxon Mobil by 0.6% during the fourth quarter. Marino Stram & Associates LLC now owns 20,344 shares of the oil and gas company’s stock valued at $2,188,000 after buying an additional 121 shares in the last quarter. Park Place Capital Corp lifted its holdings in Exxon Mobil by 1.9% in the 4th quarter. Park Place Capital Corp now owns 16,133 shares of the oil and gas company’s stock valued at $1,735,000 after acquiring an additional 308 shares during the last quarter. Magnus Financial Group LLC boosted its position in shares of Exxon Mobil by 1.1% during the 4th quarter. Magnus Financial Group LLC now owns 56,446 shares of the oil and gas company’s stock valued at $6,072,000 after purchasing an additional 604 shares in the last quarter. Daymark Wealth Partners LLC grew its stake in shares of Exxon Mobil by 2.3% in the 4th quarter. Daymark Wealth Partners LLC now owns 245,536 shares of the oil and gas company’s stock worth $26,412,000 after purchasing an additional 5,424 shares during the last quarter. Finally, ForthRight Wealth Management LLC lifted its stake in Exxon Mobil by 14.9% during the fourth quarter. ForthRight Wealth Management LLC now owns 4,177 shares of the oil and gas company’s stock valued at $449,000 after purchasing an additional 543 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have issued reports on XOM shares. Scotiabank raised Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and upped their price target for the company from $129.00 to $145.00 in a report on Thursday, October 10th. BNP Paribas downgraded Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 target price for the company. in a report on Wednesday, October 9th. Wells Fargo & Company increased their price target on Exxon Mobil from $135.00 to $136.00 and gave the company an “overweight” rating in a research report on Friday, September 27th. Bank of America began coverage on Exxon Mobil in a report on Thursday, October 17th. They set a “neutral” rating and a $124.00 price objective on the stock. Finally, Mizuho decreased their target price on shares of Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating for the company in a report on Monday, December 16th. One equities research 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’s stock. Based on data from MarketBeat, Exxon Mobil presently has a consensus rating of “Moderate Buy” and a consensus price target of $128.84.

Exxon Mobil Stock Performance

Shares of XOM stock opened at $108.64 on Friday. The firm has a market cap of $477.48 billion, a P/E ratio of 13.53, a PEG ratio of 2.86 and a beta of 0.91. The stock’s 50-day moving average is $111.77 and its two-hundred day moving average is $115.41. Exxon Mobil Co. has a fifty-two week low of $99.61 and a fifty-two week high of $126.34. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.91 by $0.01. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The firm had revenue of $90.02 billion during the quarter, compared to analysts’ expectations of $93.98 billion. During the same period in the previous year, the company earned $2.27 earnings per share. The company’s revenue was down .8% compared to the same quarter last year. Analysts predict that Exxon Mobil Co. will post 7.77 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th were paid a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 3.65%. The ex-dividend date was Thursday, November 14th. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s dividend payout ratio is 49.32%.

Exxon Mobil Company 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.