Lodestone Wealth Management LLC Has $889,000 Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Lodestone Wealth Management LLC lifted its stake in Exxon Mobil Co. (NYSE:XOM) by 1.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 8,261 shares of the oil and gas company’s stock after acquiring an additional 117 shares during the quarter. Lodestone Wealth Management LLC’s holdings in Exxon Mobil were worth $889,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Keystone Financial Group Inc. bought a new position in shares of Exxon Mobil in the 4th quarter valued at about $36,000. Retirement Wealth Solutions LLC acquired a new stake in Exxon Mobil in the 4th quarter valued at about $46,000. Compass Financial Services Inc bought a new position in Exxon Mobil during the fourth quarter worth about $48,000. Peterson Financial Group Inc. acquired a new position in Exxon Mobil during the third quarter worth approximately $51,000. Finally, Highline Wealth Partners LLC bought a new stake in Exxon Mobil in the third quarter valued at approximately $54,000. Institutional investors own 61.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on XOM. Argus upgraded Exxon Mobil to a “strong-buy” rating in a research note on Tuesday, February 4th. TD Cowen reduced their price objective on shares of Exxon Mobil from $132.00 to $128.00 and set a “buy” rating for the company in a research report on Monday, December 16th. BMO Capital Markets dropped their price objective on shares of Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating on the stock in a research report on Friday, January 31st. Wells Fargo & Company cut their target price on shares of Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating for the company in a research note on Monday, February 3rd. Finally, JPMorgan Chase & Co. decreased their price target on shares of Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating on the stock in a research note on Monday, December 16th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Exxon Mobil has a consensus rating of “Moderate Buy” and a consensus price target of $129.25.

Exxon Mobil Stock Performance

XOM opened at $110.05 on Wednesday. The firm has a market cap of $483.66 billion, a P/E ratio of 14.04, a price-to-earnings-growth ratio of 2.94 and a beta of 0.89. The business’s fifty day moving average is $108.68 and its 200-day moving average is $114.61. Exxon Mobil Co. has a 52-week low of $102.64 and a 52-week high of $126.34. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, January 31st. The oil and gas company reported $1.67 EPS for the quarter, missing the consensus estimate of $1.77 by ($0.10). Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. During the same quarter in the prior year, the business earned $2.48 earnings per share. Sell-side analysts expect that Exxon Mobil Co. will post 7.37 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th will be given a dividend of $0.99 per share. The ex-dividend date is Wednesday, February 12th. This represents a $3.96 annualized dividend and a yield of 3.60%. Exxon Mobil’s dividend payout ratio is currently 50.51%.

Insiders Place Their Bets

In other news, VP Darrin L. Talley sold 2,100 shares of Exxon Mobil stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total value of $231,000.00. Following the transaction, the vice president now owns 18,087 shares in the company, valued at approximately $1,989,570. This trade represents a 10.40 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.03% of the company’s stock.

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.