Forvis Mazars Wealth Advisors LLC Purchases 205 Shares of Exxon Mobil Co. (NYSE:XOM)

Forvis Mazars Wealth Advisors LLC lifted its position in Exxon Mobil Co. (NYSE:XOM) by 0.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 57,220 shares of the oil and gas company’s stock after purchasing an additional 205 shares during the quarter. Forvis Mazars Wealth Advisors LLC’s holdings in Exxon Mobil were worth $6,155,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in XOM. MCF Advisors LLC increased its stake in Exxon Mobil by 0.9% during the third quarter. MCF Advisors LLC now owns 20,940 shares of the oil and gas company’s stock worth $2,455,000 after acquiring an additional 194 shares during the last quarter. GHP Investment Advisors Inc. increased its stake in Exxon Mobil by 5.4% during the third quarter. GHP Investment Advisors Inc. now owns 59,807 shares of the oil and gas company’s stock worth $7,011,000 after acquiring an additional 3,067 shares during the last quarter. Modera Wealth Management LLC increased its stake in Exxon Mobil by 4.5% during the third quarter. Modera Wealth Management LLC now owns 73,403 shares of the oil and gas company’s stock worth $8,604,000 after acquiring an additional 3,162 shares during the last quarter. DekaBank Deutsche Girozentrale increased its stake in Exxon Mobil by 20.4% during the third quarter. DekaBank Deutsche Girozentrale now owns 2,172,524 shares of the oil and gas company’s stock worth $250,470,000 after acquiring an additional 367,601 shares during the last quarter. Finally, Smith Salley Wealth Management increased its stake in Exxon Mobil by 2.5% during the third quarter. Smith Salley Wealth Management now owns 56,332 shares of the oil and gas company’s stock worth $6,603,000 after acquiring an additional 1,368 shares during the last quarter. 61.80% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. The Goldman Sachs Group reduced their price objective on Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. Wells Fargo & Company dropped their target price on Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating for the company in a research report on Monday, February 3rd. BMO Capital Markets dropped their target price on Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating for the company in a research report on Friday, January 31st. Bernstein Bank boosted their target price on Exxon Mobil from $138.00 to $144.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $115.00 target price on shares of Exxon Mobil in a research report on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $129.25.

Exxon Mobil Stock Down 1.4 %

Exxon Mobil stock opened at $109.75 on Wednesday. The business has a fifty day moving average of $108.69 and a two-hundred day moving average of $114.37. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. The firm has a market cap of $476.20 billion, a P/E ratio of 14.00, a P/E/G ratio of 3.02 and a beta of 0.89. Exxon Mobil Co. has a twelve month low of $103.05 and a twelve month high of $126.34.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share for the quarter, missing analysts’ consensus estimates of $1.77 by ($0.10). Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. During the same period in the previous year, the business posted $2.48 EPS. On average, analysts forecast that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

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 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 3.61%. Exxon Mobil’s dividend payout ratio is currently 50.51%.

Insiders Place Their Bets

In other news, VP Darrin L. Talley sold 2,100 shares of the company’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total transaction of $231,000.00. Following the transaction, the vice president now directly 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 SEC, which is accessible through this hyperlink. 0.03% of the stock is owned by company insiders.

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.