MBM Wealth Consultants LLC Has $285,000 Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

MBM Wealth Consultants LLC lifted its position in Exxon Mobil Co. (NYSE:XOM) by 7.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,659 shares of the oil and gas company’s stock after buying an additional 188 shares during the period. MBM Wealth Consultants LLC’s holdings in Exxon Mobil were worth $285,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Hershey Financial Advisers LLC acquired a new stake in shares of Exxon Mobil during the second quarter worth about $46,000. Retirement Wealth Solutions LLC acquired a new stake in Exxon Mobil during the 4th quarter worth approximately $46,000. Peterson Financial Group Inc. bought a new position in Exxon Mobil in the third quarter valued at approximately $51,000. Highline Wealth Partners LLC acquired a new position in shares of Exxon Mobil in the third quarter valued at approximately $54,000. Finally, Harbor Capital Advisors Inc. bought a new stake in shares of Exxon Mobil during the third quarter worth $63,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Price Performance

Shares of XOM opened at $108.64 on Friday. The company’s 50-day moving average is $111.77 and its 200-day moving average is $115.41. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01. The firm has a market capitalization of $477.48 billion, a PE ratio of 13.53, a PEG ratio of 2.86 and a beta of 0.91. Exxon Mobil Co. has a fifty-two week low of $99.61 and a fifty-two week high of $126.34.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate 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 the consensus estimate of $93.98 billion. During the same period last year, the business posted $2.27 earnings per share. The business’s revenue for the quarter was down .8% compared to the same quarter last year. Equities analysts forecast that Exxon Mobil Co. will post 7.77 EPS for the current year.

Exxon Mobil Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th were issued a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 3.65%. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date of this dividend was Thursday, November 14th. Exxon Mobil’s dividend payout ratio is currently 49.32%.

Analysts Set New Price Targets

A number of research firms have issued reports on XOM. Scotiabank upgraded Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and increased their target price for the stock from $129.00 to $145.00 in a report on Thursday, October 10th. Wolfe Research lifted their target price on Exxon Mobil from $137.00 to $138.00 in a research report on Thursday, October 31st. Morgan Stanley reduced their price target on Exxon Mobil from $142.00 to $140.00 in a research report on Thursday, October 31st. Barclays reduced their target price on shares of Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating for the company in a report on Thursday, October 3rd. Finally, Mizuho lowered their price target on shares of 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, 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. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $128.84.

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.