ZWJ Investment Counsel Inc. Has $8.36 Million Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

ZWJ Investment Counsel Inc. grew its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 1.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 77,694 shares of the oil and gas company’s stock after purchasing an additional 1,060 shares during the period. ZWJ Investment Counsel Inc.’s holdings in Exxon Mobil were worth $8,358,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in XOM. Eagle Capital Management LLC boosted its stake in Exxon Mobil by 4.9% during the 2nd quarter. Eagle Capital Management LLC now owns 2,460 shares of the oil and gas company’s stock valued at $283,000 after purchasing an additional 114 shares during the last quarter. Sfmg LLC boosted its position in shares of Exxon Mobil by 19.2% during the second quarter. Sfmg LLC now owns 19,528 shares of the oil and gas company’s stock valued at $2,248,000 after buying an additional 3,141 shares during the last quarter. Royal Capital Wealth Management LLC grew its holdings in Exxon Mobil by 3.6% during the second quarter. Royal Capital Wealth Management LLC now owns 26,521 shares of the oil and gas company’s stock worth $3,053,000 after buying an additional 911 shares in the last quarter. Insigneo Advisory Services LLC raised its position in Exxon Mobil by 12.5% in the 2nd quarter. Insigneo Advisory Services LLC now owns 47,418 shares of the oil and gas company’s stock valued at $5,442,000 after buying an additional 5,280 shares during the last quarter. Finally, Wescott Financial Advisory Group LLC lifted its stake in Exxon Mobil by 0.7% during the 2nd quarter. Wescott Financial Advisory Group LLC now owns 24,015 shares of the oil and gas company’s stock valued at $2,765,000 after acquiring an additional 165 shares in the last quarter. Institutional investors own 61.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on XOM. Bank of America began coverage on shares of Exxon Mobil in a report on Thursday, October 17th. They issued a “neutral” rating and a $124.00 target price for the company. UBS Group dropped their target price on shares of Exxon Mobil from $149.00 to $147.00 and set a “buy” rating on the stock in a research report on Thursday, December 12th. Scotiabank raised Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and upped their target price for the company from $129.00 to $145.00 in a report on Thursday, October 10th. Wells Fargo & Company lifted their price target on Exxon Mobil from $135.00 to $136.00 and gave the stock an “overweight” rating in a report on Friday, September 27th. Finally, Mizuho reduced their price objective on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating for the company in a research note on Monday, December 16th. One analyst has rated the stock with a sell rating, seven have given 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, the company currently has a consensus rating of “Moderate Buy” and an average price target of $128.84.

Exxon Mobil Price Performance

Shares of NYSE XOM opened at $109.46 on Thursday. The stock has a fifty day moving average of $112.22 and a 200-day moving average of $115.48. The stock has a market cap of $481.07 billion, a PE ratio of 13.63, a price-to-earnings-growth ratio of 2.98 and a beta of 0.91. 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 Co. has a fifty-two week low of $96.73 and a fifty-two week high of $126.34.

Exxon Mobil (NYSE:XOM) last announced 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. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The firm had revenue of $90.02 billion for the quarter, compared to analysts’ expectations of $93.98 billion. During the same period in the prior year, the business posted $2.27 earnings per share. The company’s revenue was down .8% on a year-over-year basis. Equities research analysts anticipate that Exxon Mobil Co. will post 7.77 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. Shareholders of record on Thursday, November 14th were paid 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 dividend payout ratio is currently 49.32%.

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.