Exxon Mobil Co. (NYSE:XOM) Shares Purchased by ForthRight Wealth Management LLC

ForthRight Wealth Management LLC boosted its position in shares of Exxon Mobil Co. (NYSE:XOM) by 14.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,177 shares of the oil and gas company’s stock after buying an additional 543 shares during the period. ForthRight Wealth Management LLC’s holdings in Exxon Mobil were worth $449,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. International Assets Investment Management LLC grew its stake in shares of Exxon Mobil by 7,761.0% in the 3rd quarter. International Assets Investment Management LLC now owns 6,893,677 shares of the oil and gas company’s stock valued at $808,077,000 after purchasing an additional 6,805,982 shares during the last quarter. Legal & General Group Plc lifted its holdings in shares of Exxon Mobil by 19.3% during the second quarter. Legal & General Group Plc now owns 32,308,002 shares of the oil and gas company’s stock worth $3,719,296,000 after purchasing an additional 5,235,607 shares during the period. Franklin Resources Inc. grew its position in Exxon Mobil by 16.3% in the 3rd quarter. Franklin Resources Inc. now owns 31,522,556 shares of the oil and gas company’s stock valued at $3,936,929,000 after buying an additional 4,415,012 shares during the last quarter. Clearbridge Investments LLC increased its stake in Exxon Mobil by 117.5% in the 2nd quarter. Clearbridge Investments LLC now owns 7,668,483 shares of the oil and gas company’s stock valued at $882,795,000 after buying an additional 4,142,171 shares during the period. Finally, Assenagon Asset Management S.A. raised its position in Exxon Mobil by 168.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 4,530,457 shares of the oil and gas company’s stock worth $531,060,000 after buying an additional 2,842,844 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Performance

Exxon Mobil stock opened at $108.64 on Friday. Exxon Mobil Co. has a fifty-two week low of $99.61 and a fifty-two week high of $126.34. The company has a market capitalization of $477.48 billion, a price-to-earnings ratio of 13.53, a PEG ratio of 2.86 and a beta of 0.91. The stock has a fifty day moving average of $111.77 and a two-hundred day moving average of $115.41. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.35.

Exxon Mobil (NYSE:XOM) last posted 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. The firm had revenue of $90.02 billion during 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 quarterly revenue was down .8% compared to the same quarter last year. During the same quarter last year, the business posted $2.27 EPS. On average, analysts anticipate that Exxon Mobil Co. will post 7.77 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Thursday, November 14th were paid 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 of this dividend was Thursday, November 14th. This represents a $3.96 annualized dividend and a dividend yield of 3.65%. Exxon Mobil’s dividend payout ratio is presently 49.32%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on XOM shares. 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. Wolfe Research boosted their target price on Exxon Mobil from $137.00 to $138.00 in a research report on Thursday, October 31st. Wells Fargo & Company raised their price target on Exxon Mobil from $135.00 to $136.00 and gave the company an “overweight” rating in a report on Friday, September 27th. Scotiabank upgraded shares of Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and boosted their target price for the stock from $129.00 to $145.00 in a research report on Thursday, October 10th. Finally, UBS Group cut their price target on shares of Exxon Mobil from $149.00 to $147.00 and set a “buy” rating for the company in a report on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Exxon Mobil presently has an average rating of “Moderate Buy” and a consensus 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.