HCR Wealth Advisors Has $2.24 Million Stake in Exxon Mobil Co. (NYSE:XOM)

HCR Wealth Advisors decreased its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 1.1% in the 4th quarter, Holdings Channel reports. The fund owned 20,801 shares of the oil and gas company’s stock after selling 240 shares during the period. HCR Wealth Advisors’ holdings in Exxon Mobil were worth $2,238,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of XOM. Fairway Wealth LLC acquired a new position in Exxon Mobil during the second quarter worth about $35,000. Fairscale Capital LLC bought a new stake in shares of Exxon Mobil during the second quarter worth about $39,000. Hershey Financial Advisers LLC bought a new stake in shares of Exxon Mobil during the second quarter worth about $46,000. Peterson Financial Group Inc. bought a new stake in shares of Exxon Mobil during the third quarter worth about $51,000. Finally, Highline Wealth Partners LLC bought a new stake in shares of Exxon Mobil during the third quarter worth about $54,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Price Performance

Shares of XOM opened at $111.32 on Friday. 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 52-week low of $95.77 and a 52-week high of $126.34. The business’s 50 day moving average price is $112.93 and its two-hundred day moving average price is $115.55. The firm has a market cap of $489.27 billion, a PE ratio of 13.86, a price-to-earnings-growth ratio of 2.70 and a beta of 0.91.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, topping 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 prior year, the firm earned $2.27 earnings per share. Exxon Mobil’s revenue for the quarter was down .8% on a year-over-year basis. On average, equities analysts anticipate that Exxon Mobil Co. will post 7.86 EPS 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 given a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.56%. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date of this dividend was Thursday, November 14th. Exxon Mobil’s dividend payout ratio is presently 49.32%.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Mizuho reduced their price target on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating on the stock in a report on Monday, December 16th. Bank of America assumed coverage on Exxon Mobil in a report on Thursday, October 17th. They set a “neutral” rating and a $124.00 price target on the stock. Scotiabank upgraded Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and boosted their price target for the stock from $129.00 to $145.00 in a report on Thursday, October 10th. Wells Fargo & Company upped their target price on Exxon Mobil from $135.00 to $136.00 and gave the company an “overweight” rating in a report on Friday, September 27th. Finally, BMO Capital Markets upped their target price on Exxon Mobil from $127.00 to $130.00 and gave the company a “market perform” rating in a report on Friday, October 4th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Exxon Mobil currently has an average rating of “Moderate Buy” and an average target price of $128.84.

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.