Confluence Wealth Services Inc. Has $7.90 Million Stake in Exxon Mobil Co. (NYSE:XOM)

Confluence Wealth Services Inc. raised its position in shares of Exxon Mobil Co. (NYSE:XOM) by 2.8% during the 3rd quarter, Holdings Channel.com reports. The firm owned 67,382 shares of the oil and gas company’s stock after acquiring an additional 1,829 shares during the period. Exxon Mobil accounts for 0.6% of Confluence Wealth Services Inc.’s investment portfolio, making the stock its 21st biggest position. Confluence Wealth Services Inc.’s holdings in Exxon Mobil were worth $7,898,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of XOM. Etfidea LLC lifted its holdings in shares of Exxon Mobil by 3.3% during the second quarter. Etfidea LLC now owns 2,669 shares of the oil and gas company’s stock worth $307,000 after purchasing an additional 85 shares during the period. Bigelow Investment Advisors LLC lifted its holdings in Exxon Mobil by 0.6% during the 2nd quarter. Bigelow Investment Advisors LLC now owns 13,543 shares of the oil and gas company’s stock worth $1,559,000 after buying an additional 86 shares during the period. Integral Investment Advisors Inc. grew its position in shares of Exxon Mobil by 2.1% in the 2nd quarter. Integral Investment Advisors Inc. now owns 4,207 shares of the oil and gas company’s stock valued at $483,000 after buying an additional 87 shares during the last quarter. CBIZ Investment Advisory Services LLC increased its stake in shares of Exxon Mobil by 15.2% in the second quarter. CBIZ Investment Advisory Services LLC now owns 660 shares of the oil and gas company’s stock valued at $76,000 after buying an additional 87 shares during the period. Finally, Mascoma Wealth Management LLC raised its position in shares of Exxon Mobil by 7.0% during the second quarter. Mascoma Wealth Management LLC now owns 1,343 shares of the oil and gas company’s stock worth $155,000 after acquiring an additional 88 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on XOM shares. Morgan Stanley decreased their target price on shares of Exxon Mobil from $142.00 to $140.00 in a research report on Thursday. The Goldman Sachs Group lifted their target price on shares of Exxon Mobil from $118.00 to $120.00 in a research note on Thursday. Wells Fargo & Company upped their price target on shares of Exxon Mobil from $135.00 to $136.00 and gave the company an “overweight” rating in a research report on Friday, September 27th. Mizuho lifted their price objective on Exxon Mobil from $128.00 to $130.00 and gave the stock a “neutral” rating in a research report on Monday, September 16th. Finally, Barclays cut their target price on Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating on the stock in a research report on Thursday, October 3rd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $130.37.

Exxon Mobil Stock Down 1.6 %

XOM stock opened at $114.95 on Monday. The firm has a market capitalization of $453.25 billion, a PE ratio of 13.75, a P/E/G ratio of 4.86 and a beta of 0.90. The company has a quick ratio of 1.01, a current ratio of 1.36 and a debt-to-equity ratio of 0.13. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $126.34. The stock’s 50 day moving average is $117.67 and its 200-day moving average is $116.33.

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 for the quarter, beating the consensus estimate of $1.91 by $0.01. The business had revenue of $90.02 billion for the quarter, compared to analysts’ expectations of $93.98 billion. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. The business’s revenue was down .8% on a year-over-year basis. During the same period last year, the business earned $2.27 EPS. Sell-side analysts expect that Exxon Mobil Co. will post 8.01 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th will be paid a $0.99 dividend. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date is Thursday, November 14th. This represents a $3.96 annualized dividend and a yield of 3.44%. Exxon Mobil’s dividend payout ratio (DPR) is 45.45%.

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.