Wedmont Private Capital Grows Holdings in Exxon Mobil Co. (NYSE:XOM)

Wedmont Private Capital increased its stake in Exxon Mobil Co. (NYSE:XOM) by 0.8% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 58,632 shares of the oil and gas company’s stock after acquiring an additional 486 shares during the period. Wedmont Private Capital’s holdings in Exxon Mobil were worth $6,247,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Eagle Capital Management LLC grew its holdings in shares of Exxon Mobil by 4.9% in the second quarter. Eagle Capital Management LLC now owns 2,460 shares of the oil and gas company’s stock worth $283,000 after purchasing an additional 114 shares during the last quarter. Achmea Investment Management B.V. lifted its holdings in shares of Exxon Mobil by 3.9% during the 2nd quarter. Achmea Investment Management B.V. now owns 491,300 shares of the oil and gas company’s stock valued at $56,558,000 after buying an additional 18,243 shares during the period. Johnson Investment Counsel Inc. boosted its position in Exxon Mobil by 1.0% in the second quarter. Johnson Investment Counsel Inc. now owns 212,417 shares of the oil and gas company’s stock worth $24,453,000 after purchasing an additional 2,054 shares during the last quarter. Bell Investment Advisors Inc grew its stake in shares of Exxon Mobil by 3.0% during the 2nd quarter. Bell Investment Advisors Inc now owns 4,079 shares of the oil and gas company’s stock valued at $470,000 after purchasing an additional 120 shares during the period. Finally, Eagle Strategies LLC increased its position in shares of Exxon Mobil by 103.3% during the 2nd quarter. Eagle Strategies LLC now owns 28,561 shares of the oil and gas company’s stock valued at $3,288,000 after purchasing an additional 14,509 shares during the last quarter. Institutional investors own 61.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on XOM shares. Royal Bank of Canada reissued a “sector perform” rating and issued a $115.00 price objective on shares of Exxon Mobil in a research note on Thursday, December 12th. Scotiabank upgraded shares of Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and upped their target price for the stock from $129.00 to $145.00 in a research report on Thursday, October 10th. JPMorgan Chase & Co. reduced their price target on shares of Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating on the stock in a report on Monday, December 16th. TD Cowen dropped their price objective on shares of Exxon Mobil from $132.00 to $128.00 and set a “buy” rating for the company in a report on Monday, December 16th. Finally, Barclays decreased 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 research analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Exxon Mobil has an average rating of “Moderate Buy” and an average price target of $128.84.

Exxon Mobil Stock Performance

Shares of NYSE XOM traded up $2.77 during trading hours on Monday, reaching $109.31. The stock had a trading volume of 8,903,371 shares, compared to its average volume of 14,397,230. 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 fifty-two week low of $95.77 and a fifty-two week high of $126.34. The firm has a 50-day moving average of $113.49 and a 200-day moving average of $115.65. The firm has a market cap of $480.43 billion, a price-to-earnings ratio of 13.61, a PEG ratio of 4.65 and a beta of 0.91.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.91 by $0.01. The firm 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 14.73% and a net margin of 9.61%. The firm’s revenue for the quarter was down .8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.27 EPS. Equities research analysts predict that Exxon Mobil Co. will post 7.95 earnings per share for the current year.

Exxon Mobil Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Thursday, November 14th were given a $0.99 dividend. The ex-dividend date was Thursday, November 14th. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 annualized dividend and a dividend yield of 3.62%. Exxon Mobil’s payout ratio is currently 49.32%.

Exxon Mobil 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.