Smith Salley Wealth Management Has $6.05 Million Stock Position in Exxon Mobil Co. (NYSE:XOM)

Smith Salley Wealth Management decreased its position in Exxon Mobil Co. (NYSE:XOM) by 0.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 56,239 shares of the oil and gas company’s stock after selling 93 shares during the period. Smith Salley Wealth Management’s holdings in Exxon Mobil were worth $6,050,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Fairscale Capital LLC acquired a new stake in Exxon Mobil in the second quarter valued at approximately $39,000. Hershey Financial Advisers LLC bought a new position in shares of Exxon Mobil during the second quarter valued at $46,000. Retirement Wealth Solutions LLC bought a new position in Exxon Mobil during the fourth quarter worth $46,000. Peterson Financial Group Inc. bought a new position in Exxon Mobil during the third quarter worth $51,000. Finally, Highline Wealth Partners LLC bought a new position in Exxon Mobil during the third quarter worth $54,000. 61.80% of the stock is owned by institutional investors and hedge funds.

Exxon Mobil Stock Performance

Shares of XOM opened at $112.37 on Monday. The stock has a 50 day moving average price of $112.56 and a 200 day moving average price of $115.51. The company has a quick ratio of 1.01, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $493.89 billion, a price-to-earnings ratio of 13.99, a price-to-earnings-growth ratio of 2.70 and a beta of 0.91. Exxon Mobil Co. has a 52-week low of $95.77 and a 52-week high of $126.34.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 EPS 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 business had revenue of $90.02 billion during the quarter, compared to analysts’ expectations of $93.98 billion. During the same quarter in the prior year, the business earned $2.27 earnings per share. The company’s quarterly revenue was down .8% compared to the same quarter last year. Research analysts predict that Exxon Mobil Co. will post 7.86 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th were issued a $0.99 dividend. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $3.96 annualized dividend and a yield of 3.52%. Exxon Mobil’s dividend payout ratio is 49.32%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on XOM shares. BNP Paribas downgraded shares of Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price target for the company. in a research note on Wednesday, October 9th. BMO Capital Markets boosted their price target on shares of Exxon Mobil from $127.00 to $130.00 and gave the stock a “market perform” rating in a report on Friday, October 4th. Barclays reduced their target price on shares of Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating for the company in a research report on Thursday, October 3rd. Morgan Stanley dropped their price target on shares of Exxon Mobil from $142.00 to $140.00 in a research note on Thursday, October 31st. Finally, UBS Group lowered their target price on shares of Exxon Mobil from $149.00 to $147.00 and set a “buy” rating on the stock in a research note on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $128.84.

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.