Hemington Wealth Management Has $314,000 Position in Exxon Mobil Co. (NYSE:XOM)

Hemington Wealth Management increased its position in shares of Exxon Mobil Co. (NYSE:XOM) by 16.3% in the fourth quarter, HoldingsChannel reports. The firm owned 2,921 shares of the oil and gas company’s stock after purchasing an additional 410 shares during the period. Hemington Wealth Management’s holdings in Exxon Mobil were worth $314,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in XOM. TFC Financial Management Inc. increased its position in Exxon Mobil by 2.4% in the 4th quarter. TFC Financial Management Inc. now owns 42,476 shares of the oil and gas company’s stock valued at $4,569,000 after acquiring an additional 991 shares in the last quarter. Castle Wealth Management LLC grew its stake in shares of Exxon Mobil by 8.3% during the fourth quarter. Castle Wealth Management LLC now owns 7,468 shares of the oil and gas company’s stock valued at $803,000 after purchasing an additional 572 shares during the last quarter. Raab & Moskowitz Asset Management LLC increased its holdings in shares of Exxon Mobil by 0.9% in the fourth quarter. Raab & Moskowitz Asset Management LLC now owns 23,525 shares of the oil and gas company’s stock valued at $2,531,000 after purchasing an additional 200 shares in the last quarter. MFG Wealth Management Inc. bought a new position in Exxon Mobil in the 4th quarter worth approximately $1,382,000. Finally, Hidden Cove Wealth Management LLC bought a new position in Exxon Mobil in the fourth quarter valued at about $266,000. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Trading Up 0.0 %

NYSE XOM opened at $108.17 on Friday. Exxon Mobil Co. has a 52 week low of $100.60 and a 52 week high of $126.34. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. The stock’s 50 day moving average price is $108.78 and its two-hundred day moving average price is $114.73. The stock has a market capitalization of $475.42 billion, a price-to-earnings ratio of 13.80, a PEG ratio of 2.94 and a beta of 0.89.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 quarter last year, the company earned $2.48 earnings per share. As a group, analysts anticipate that Exxon Mobil Co. will post 7.37 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th will be paid a dividend of $0.99 per share. The ex-dividend date is Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.66%. Exxon Mobil’s dividend payout ratio is 50.51%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on XOM shares. Mizuho dropped their price target 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. Bernstein Bank upped their target price on shares of Exxon Mobil from $138.00 to $144.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Morgan Stanley raised their price target on Exxon Mobil from $139.00 to $140.00 in a research report on Friday, January 31st. UBS Group dropped their price objective on Exxon Mobil from $149.00 to $147.00 and set a “buy” rating for the company in a report on Thursday, December 12th. Finally, Scotiabank reduced their target price on Exxon Mobil from $145.00 to $140.00 in a report on Friday, January 31st. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Exxon Mobil presently has an average rating of “Moderate Buy” and an average price target of $129.25.

Insider Activity

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total value of $231,000.00. Following the completion of the transaction, the vice president now directly owns 18,087 shares in the company, valued at $1,989,570. This trade represents a 10.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.03% of the stock is owned by corporate insiders.

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.