EverSource Wealth Advisors LLC Increases Stock Position in Exxon Mobil Co. (NYSE:XOM)

EverSource Wealth Advisors LLC boosted its position in Exxon Mobil Co. (NYSE:XOM) by 3.6% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 31,721 shares of the oil and gas company’s stock after acquiring an additional 1,115 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Exxon Mobil were worth $3,412,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of XOM. Principal Financial Group Inc. boosted its stake in Exxon Mobil by 8.4% in the 3rd quarter. Principal Financial Group Inc. now owns 6,709,202 shares of the oil and gas company’s stock worth $786,453,000 after purchasing an additional 521,932 shares during the period. United Bank boosted its stake in Exxon Mobil by 3.7% in the 3rd quarter. United Bank now owns 17,920 shares of the oil and gas company’s stock worth $2,101,000 after purchasing an additional 641 shares during the period. Transcendent Capital Group LLC boosted its stake in Exxon Mobil by 3.5% in the 3rd quarter. Transcendent Capital Group LLC now owns 5,032 shares of the oil and gas company’s stock worth $590,000 after purchasing an additional 169 shares during the period. Costello Asset Management INC boosted its stake in Exxon Mobil by 61.9% in the 3rd quarter. Costello Asset Management INC now owns 777 shares of the oil and gas company’s stock worth $91,000 after purchasing an additional 297 shares during the period. Finally, Axxcess Wealth Management LLC boosted its stake in Exxon Mobil by 1.2% in the 3rd quarter. Axxcess Wealth Management LLC now owns 168,659 shares of the oil and gas company’s stock worth $19,770,000 after purchasing an additional 1,970 shares during the period. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Stock Performance

Shares of XOM stock opened at $109.06 on Wednesday. The company has a market cap of $473.24 billion, a price-to-earnings ratio of 13.91, a price-to-earnings-growth ratio of 3.02 and a beta of 0.83. The stock has a 50 day simple moving average of $109.20 and a 200-day simple moving average of $113.80. Exxon Mobil Co. has a 12-month low of $103.67 and a 12-month high of $126.34. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 earnings per share for the quarter, missing the consensus estimate of $1.77 by ($0.10). Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. During the same period in the previous year, the company earned $2.48 earnings per share. On average, equities analysts forecast that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th were issued a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 3.63%. The ex-dividend date of this dividend was Wednesday, February 12th. Exxon Mobil’s dividend payout ratio (DPR) is presently 50.51%.

Insider Activity

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total transaction of $231,000.00. Following the transaction, the vice president now directly owns 18,087 shares of the company’s stock, valued at $1,989,570. This represents a 10.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.03% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. The Goldman Sachs Group reduced their price objective on shares of Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. Bernstein Bank lifted their target price on shares of Exxon Mobil from $138.00 to $144.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. 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 report on Thursday, December 12th. BMO Capital Markets dropped their price objective on shares of Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating on the stock in a report on Friday, January 31st. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $115.00 price objective on shares of Exxon Mobil in a report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $129.25.

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.