Private Client Services LLC Has $1.01 Million Position in Exxon Mobil Co. (NYSE:XOM)

Private Client Services LLC increased its position in shares of Exxon Mobil Co. (NYSE:XOM) by 2.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,418 shares of the oil and gas company’s stock after buying an additional 189 shares during the period. Private Client Services LLC’s holdings in Exxon Mobil were worth $1,013,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Fulton Bank N.A. boosted its stake in Exxon Mobil by 20.7% during the fourth quarter. Fulton Bank N.A. now owns 54,975 shares of the oil and gas company’s stock worth $5,914,000 after buying an additional 9,429 shares in the last quarter. Worth Asset Management LLC boosted its stake in shares of Exxon Mobil by 3.1% in the 4th quarter. Worth Asset Management LLC now owns 5,748 shares of the oil and gas company’s stock valued at $618,000 after purchasing an additional 174 shares in the last quarter. Collective Family Office LLC raised its stake in shares of Exxon Mobil by 6.7% in the fourth quarter. Collective Family Office LLC now owns 2,296 shares of the oil and gas company’s stock valued at $247,000 after acquiring an additional 144 shares during the last quarter. Innova Wealth Partners bought a new position in Exxon Mobil in the 4th quarter valued at $807,000. Finally, McAlister Sweet & Associates Inc. raised its position in Exxon Mobil by 19.6% in the 4th quarter. McAlister Sweet & Associates Inc. now owns 48,151 shares of the oil and gas company’s stock valued at $5,180,000 after purchasing an additional 7,892 shares during the last quarter. 61.80% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

XOM has been the subject of a number of research reports. Wolfe Research raised their price target on shares of Exxon Mobil from $137.00 to $138.00 in a report on Thursday, October 31st. The Goldman Sachs Group boosted their target price on Exxon Mobil from $118.00 to $120.00 in a research report on Thursday, October 31st. Bank of America began coverage on Exxon Mobil in a research report on Thursday, October 17th. They issued a “neutral” rating and a $124.00 price objective for the company. Mizuho cut their target price 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. Finally, BMO Capital Markets lifted their price target on shares of Exxon Mobil from $127.00 to $130.00 and gave the stock a “market perform” rating in a research report on Friday, October 4th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $128.74.

Exxon Mobil Stock Down 2.0 %

Shares of XOM stock traded down $2.18 during trading hours on Wednesday, hitting $106.57. 10,214,389 shares of the company were exchanged, compared to its average volume of 13,008,655. The company has a market capitalization of $468.39 billion, a PE ratio of 13.27, a PEG ratio of 4.65 and a beta of 0.91. Exxon Mobil Co. has a 52 week low of $95.77 and a 52 week high of $126.34. The business has a 50 day moving average of $114.06 and a two-hundred day moving average of $115.81. 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 issued its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, beating analysts’ consensus estimates of $1.91 by $0.01. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The company had revenue of $90.02 billion for the quarter, compared to analyst estimates of $93.98 billion. During the same period in the previous year, the company posted $2.27 earnings per share. The company’s quarterly revenue was down .8% compared to the same quarter last year. Analysts anticipate that Exxon Mobil Co. will post 7.95 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders 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 an increase from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.72%. Exxon Mobil’s dividend payout ratio (DPR) is 49.32%.

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.