Arkadios Wealth Advisors Has $10.97 Million Position in Exxon Mobil Co. (NYSE:XOM)

Arkadios Wealth Advisors raised its position in Exxon Mobil Co. (NYSE:XOM) by 4.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 101,943 shares of the oil and gas company’s stock after purchasing an additional 3,983 shares during the period. Exxon Mobil makes up about 0.6% of Arkadios Wealth Advisors’ investment portfolio, making the stock its 26th biggest holding. Arkadios Wealth Advisors’ holdings in Exxon Mobil were worth $10,966,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Eagle Capital Management LLC boosted 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 valued at $283,000 after buying an additional 114 shares during the period. XTX Topco Ltd bought a new stake in Exxon Mobil in the 2nd quarter valued at $860,000. Legacy Financial Advisors Inc. boosted its stake in Exxon Mobil by 8.9% in the 2nd quarter. Legacy Financial Advisors Inc. now owns 28,612 shares of the oil and gas company’s stock worth $3,294,000 after purchasing an additional 2,328 shares during the period. Auxier Asset Management increased its holdings in Exxon Mobil by 2.9% during the 2nd quarter. Auxier Asset Management now owns 13,192 shares of the oil and gas company’s stock worth $1,519,000 after purchasing an additional 371 shares in the last quarter. Finally, Alaethes Wealth LLC raised its stake in shares of Exxon Mobil by 1.6% in the 2nd quarter. Alaethes Wealth LLC now owns 19,705 shares of the oil and gas company’s stock valued at $2,268,000 after purchasing an additional 302 shares during the period. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Stock Up 0.9 %

XOM opened at $112.37 on Monday. The stock’s fifty day simple moving average is $112.56 and its 200 day simple moving average is $115.51. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $126.34. The stock has a market cap of $493.89 billion, a PE ratio of 13.99, a price-to-earnings-growth ratio of 2.70 and a beta of 0.91. 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 (NYSE:XOM) last released its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share 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 net margin of 9.61% and a return on equity of 14.73%. The business’s revenue was down .8% on a year-over-year basis. During the same period in the prior year, the firm earned $2.27 EPS. As a group, research analysts expect that Exxon Mobil Co. will post 7.86 earnings per share for the current year.

Exxon Mobil Increases Dividend

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

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. JPMorgan Chase & Co. decreased their price objective on Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating for the company in a report on Monday, December 16th. Redburn Atlantic reaffirmed a “neutral” rating and set a $120.00 price target (up from $119.00) on shares of Exxon Mobil in a research note on Tuesday, September 24th. Wells Fargo & Company boosted their price objective on shares of Exxon Mobil from $135.00 to $136.00 and gave the stock an “overweight” rating in a research report on Friday, September 27th. The Goldman Sachs Group raised their target price on shares of Exxon Mobil from $118.00 to $120.00 in a research report on Thursday, October 31st. Finally, Mizuho cut their price target on shares of Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating on the stock in a research report on Monday, December 16th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $128.84.

Exxon Mobil Company 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.