Regent Peak Wealth Advisors LLC Decreases Position in Exxon Mobil Co. (NYSE:XOM)

Regent Peak Wealth Advisors LLC reduced its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 1.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,729 shares of the oil and gas company’s stock after selling 99 shares during the quarter. Regent Peak Wealth Advisors LLC’s holdings in Exxon Mobil were worth $616,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Fairway Wealth LLC purchased a new position in Exxon Mobil in the 2nd quarter worth approximately $35,000. Fairscale Capital LLC bought a new position in shares of Exxon Mobil in the second quarter worth approximately $39,000. Hershey Financial Advisers LLC purchased a new position in shares of Exxon Mobil in the second quarter worth $46,000. Peterson Financial Group Inc. bought a new stake in Exxon Mobil during the 3rd quarter valued at $51,000. Finally, Highline Wealth Partners LLC purchased a new stake in Exxon Mobil during the 3rd quarter valued at $54,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Up 1.6 %

Shares of XOM stock traded up $1.72 during trading hours on Tuesday, hitting $109.46. 4,765,087 shares of the company’s stock traded hands, compared to its average volume of 11,712,998. 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 stock’s fifty day simple moving average is $114.23 and its two-hundred day simple moving average is $115.83. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $126.34. The stock has a market cap of $481.09 billion, a price-to-earnings ratio of 13.63, a PEG ratio of 4.65 and a beta of 0.91.

Exxon Mobil (NYSE:XOM) last released its 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 for the quarter, compared to the consensus estimate of $93.98 billion. During the same period in the previous year, the company posted $2.27 earnings per share. The company’s revenue for the quarter was down .8% compared to the same quarter last year. On average, analysts expect that Exxon Mobil Co. will post 7.95 EPS for the current 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. 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. This represents a $3.96 annualized dividend and a yield of 3.62%. Exxon Mobil’s payout ratio is 49.32%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Mizuho lowered their price objective on shares of Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating for the company in a research note on Monday, December 16th. Morgan Stanley reduced their price target on Exxon Mobil from $142.00 to $140.00 in a report on Thursday, October 31st. The Goldman Sachs Group increased their price objective on Exxon Mobil from $118.00 to $120.00 in a report on Thursday, October 31st. JPMorgan Chase & Co. reduced their target price on Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating on the stock in a research note on Monday, December 16th. Finally, Wells Fargo & Company raised their price target on Exxon Mobil from $135.00 to $136.00 and gave the stock an “overweight” rating in a research note on Friday, September 27th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $128.74.

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.