Exxon Mobil Co. (NYSE:XOM) Shares Purchased by Miracle Mile Advisors LLC

Miracle Mile Advisors LLC increased its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 51.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 40,770 shares of the oil and gas company’s stock after purchasing an additional 13,879 shares during the quarter. Miracle Mile Advisors LLC’s holdings in Exxon Mobil were worth $4,386,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Horizon Wealth Management LLC increased its position in Exxon Mobil by 2.5% during the 4th quarter. Horizon Wealth Management LLC now owns 4,470 shares of the oil and gas company’s stock worth $481,000 after purchasing an additional 110 shares in the last quarter. Sunflower Bank N.A. grew its position in Exxon Mobil by 4.0% in the fourth quarter. Sunflower Bank N.A. now owns 25,179 shares of the oil and gas company’s stock valued at $2,709,000 after acquiring an additional 964 shares in the last quarter. Burns J W & Co. Inc. NY grew its position in Exxon Mobil by 0.6% in the fourth quarter. Burns J W & Co. Inc. NY now owns 38,194 shares of the oil and gas company’s stock valued at $4,109,000 after acquiring an additional 243 shares in the last quarter. Davis Investment Partners LLC grew its position in Exxon Mobil by 7.9% in the fourth quarter. Davis Investment Partners LLC now owns 29,560 shares of the oil and gas company’s stock valued at $3,149,000 after acquiring an additional 2,170 shares in the last quarter. Finally, Elevated Capital Advisors LLC grew its position in Exxon Mobil by 28.4% in the fourth quarter. Elevated Capital Advisors LLC now owns 16,639 shares of the oil and gas company’s stock valued at $1,790,000 after acquiring an additional 3,678 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on XOM shares. BMO Capital Markets increased their price objective on shares of Exxon Mobil from $127.00 to $130.00 and gave the company a “market perform” rating in a research report on Friday, October 4th. Morgan Stanley lowered their price objective on shares of Exxon Mobil from $142.00 to $140.00 in a research report on Thursday, October 31st. Scotiabank raised shares of Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and increased their price objective for the company from $129.00 to $145.00 in a research report on Thursday, October 10th. UBS Group lowered their price objective on shares of Exxon Mobil from $149.00 to $147.00 and set a “buy” rating for the company in a research report on Thursday, December 12th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating for the company in a research report on Monday, December 16th. One analyst has rated the stock with a sell rating, seven have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $128.84.

Exxon Mobil Stock Performance

Exxon Mobil stock opened at $109.27 on Tuesday. The company has a market cap of $480.25 billion, a PE ratio of 13.61, a P/E/G ratio of 4.65 and a beta of 0.91. The company has a fifty day moving average price of $113.31 and a two-hundred day moving average price of $115.61. 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 Co. has a 12 month low of $95.77 and a 12 month high of $126.34.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, topping 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 the consensus estimate of $93.98 billion. During the same quarter in the previous year, the company posted $2.27 earnings per share. The firm’s revenue was down .8% on a year-over-year basis. Research analysts expect that Exxon Mobil Co. will post 7.95 earnings per share for the current year.

Exxon Mobil Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th were issued a dividend of $0.99 per share. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date was Thursday, November 14th. This represents a $3.96 annualized dividend and a dividend yield of 3.62%. Exxon Mobil’s payout ratio is 49.32%.

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.