Capital Advisors Wealth Management LLC Buys 241 Shares of Exxon Mobil Co. (NYSE:XOM)

Capital Advisors Wealth Management LLC increased its stake in Exxon Mobil Co. (NYSE:XOM) by 3.6% during the fourth quarter, HoldingsChannel reports. The firm owned 6,967 shares of the oil and gas company’s stock after acquiring an additional 241 shares during the period. Capital Advisors Wealth Management LLC’s holdings in Exxon Mobil were worth $749,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Eagle Capital Management LLC increased its stake 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 in the last quarter. Gardner Lewis Asset Management L P bought a new position in Exxon Mobil in the 2nd quarter worth approximately $9,023,000. Carolinas Wealth Consulting LLC boosted its holdings in Exxon Mobil by 71.3% in the 2nd quarter. Carolinas Wealth Consulting LLC now owns 8,204 shares of the oil and gas company’s stock worth $944,000 after buying an additional 3,415 shares during the period. Paces Ferry Wealth Advisors LLC grew its stake in Exxon Mobil by 18.7% in the 2nd quarter. Paces Ferry Wealth Advisors LLC now owns 4,887 shares of the oil and gas company’s stock valued at $563,000 after buying an additional 770 shares in the last quarter. Finally, Kentucky Retirement Systems raised its holdings in Exxon Mobil by 12.1% during the 2nd quarter. Kentucky Retirement Systems now owns 338,043 shares of the oil and gas company’s stock valued at $38,916,000 after acquiring an additional 36,474 shares during the period. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Price Performance

XOM stock opened at $112.37 on Friday. The firm has a market cap of $493.89 billion, a P/E ratio of 13.99, a P/E/G ratio of 2.70 and a beta of 0.91. The firm’s fifty day moving average is $112.73 and its 200 day moving average is $115.52. Exxon Mobil Co. has a 52 week low of $95.77 and a 52 week high of $126.34. 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 released its quarterly earnings data 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. The firm had revenue of $90.02 billion for the quarter, compared to the consensus estimate of $93.98 billion. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The company’s quarterly revenue was down .8% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.27 earnings per share. Research analysts predict that Exxon Mobil Co. will post 7.86 earnings per share for the current year.

Exxon Mobil Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th were issued a $0.99 dividend. This is a boost 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 3.52%. Exxon Mobil’s dividend payout ratio (DPR) is currently 49.32%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on XOM. JPMorgan Chase & Co. cut their price target on Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating for the company in a report on Monday, December 16th. Bank of America initiated coverage on Exxon Mobil in a research note on Thursday, October 17th. They issued a “neutral” rating and a $124.00 target price for the company. Barclays decreased their price target 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. Royal Bank of Canada restated a “sector perform” rating and issued a $115.00 price objective on shares of Exxon Mobil in a research report on Thursday, December 12th. Finally, Scotiabank raised 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 report on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Exxon Mobil has a consensus rating of “Moderate Buy” and a consensus target price of $128.84.

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.