Centric Wealth Management Has $3.56 Million Stock Position in Exxon Mobil Co. (NYSE:XOM)

Centric Wealth Management increased its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 2.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,422 shares of the oil and gas company’s stock after buying an additional 777 shares during the quarter. Exxon Mobil accounts for about 0.9% of Centric Wealth Management’s investment portfolio, making the stock its 29th largest position. Centric Wealth Management’s holdings in Exxon Mobil were worth $3,560,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of the stock. Jacobs Levy Equity Management Inc. boosted its holdings in shares of Exxon Mobil by 29.4% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 3,352 shares of the oil and gas company’s stock worth $390,000 after acquiring an additional 762 shares in the last quarter. Pathway Financial Advisers LLC bought a new stake in shares of Exxon Mobil during the first quarter valued at approximately $461,000. Clear Rock Advisors LLC raised its position in Exxon Mobil by 65.9% in the 1st quarter. Clear Rock Advisors LLC now owns 7,551 shares of the oil and gas company’s stock worth $878,000 after purchasing an additional 3,000 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in Exxon Mobil by 103.9% in the 1st quarter. EverSource Wealth Advisors LLC now owns 24,973 shares of the oil and gas company’s stock worth $2,954,000 after purchasing an additional 12,723 shares during the last quarter. Finally, OMC Financial Services LTD acquired a new position in Exxon Mobil during the 1st quarter worth $954,000. 61.80% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on XOM. Barclays dropped their target price on Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating for the company in a research report on Thursday, October 3rd. Mizuho upped their target price on shares of Exxon Mobil from $128.00 to $130.00 and gave the company a “neutral” rating in a research report on Monday, September 16th. BNP Paribas lowered shares of Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 target price on the stock. in a research note on Wednesday, October 9th. Redburn Atlantic restated a “neutral” rating and issued a $120.00 price objective (up from $119.00) on shares of Exxon Mobil in a report on Tuesday, September 24th. Finally, BMO Capital Markets raised 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 note on Friday, October 4th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $129.95.

Exxon Mobil Price Performance

Shares of NYSE XOM opened at $117.66 on Friday. The company has a fifty day moving average price of $119.70 and a 200 day moving average price of $116.57. The firm has a market cap of $517.13 billion, a PE ratio of 14.65, a PEG ratio of 4.94 and a beta of 0.90. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $126.34.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, topping the consensus estimate of $1.91 by $0.01. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The company had revenue of $90.02 billion during the quarter, compared to analysts’ expectations of $93.98 billion. During the same period in the prior year, the firm earned $2.27 earnings per share. Exxon Mobil’s revenue for the quarter was down .8% compared to the same quarter last year. Research analysts predict that Exxon Mobil Co. will post 7.94 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th will be given a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.37%. The ex-dividend date is Thursday, November 14th. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s payout ratio is currently 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.