Safir Wealth Advisors LLC purchased a new stake in Exxon Mobil Co. (NYSE:XOM – Get Rating) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 2,007 shares of the oil and gas company’s stock, valued at approximately $221,000. Exxon Mobil comprises about 0.2% of Safir Wealth Advisors LLC’s investment portfolio, making the stock its 14th biggest position.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. CTC Capital Management LLC acquired a new position in Exxon Mobil in the 3rd quarter valued at about $1,807,000. WMG Financial Advisors LLC raised its position in shares of Exxon Mobil by 0.9% during the 3rd quarter. WMG Financial Advisors LLC now owns 11,899 shares of the oil and gas company’s stock valued at $1,039,000 after buying an additional 108 shares during the period. Polaris Wealth Advisory Group LLC lifted its holdings in Exxon Mobil by 3,880.2% in the third quarter. Polaris Wealth Advisory Group LLC now owns 205,259 shares of the oil and gas company’s stock valued at $20,288,000 after acquiring an additional 200,102 shares during the last quarter. Mraz Amerine & Associates Inc. purchased a new position in Exxon Mobil in the fourth quarter worth approximately $246,000. Finally, Accurate Wealth Management LLC increased its stake in Exxon Mobil by 4.7% during the fourth quarter. Accurate Wealth Management LLC now owns 63,080 shares of the oil and gas company’s stock worth $6,944,000 after acquiring an additional 2,859 shares during the last quarter. Institutional investors and hedge funds own 57.49% of the company’s stock.
Analysts Set New Price Targets
A number of research firms have recently weighed in on XOM. Argus increased their price target on Exxon Mobil from $128.00 to $133.00 and gave the stock a “buy” rating in a report on Thursday, February 2nd. Scotiabank raised shares of Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and increased their target price for the stock from $120.00 to $135.00 in a research note on Tuesday, January 17th. Cowen boosted their price target on shares of Exxon Mobil from $108.00 to $113.00 and gave the company a “market perform” rating in a research note on Thursday, February 2nd. Redburn Partners cut shares of Exxon Mobil from a “neutral” rating to a “sell” rating in a research report on Wednesday, January 18th. Finally, Wells Fargo & Company boosted their target price on Exxon Mobil from $125.00 to $133.00 and gave the company an “overweight” rating in a research report on Friday, March 3rd. One research analyst has rated the stock with a sell rating, seven have given a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $121.64.
Insiders Place Their Bets
Exxon Mobil Price Performance
Shares of XOM opened at $115.05 on Friday. The firm has a market capitalization of $468.37 billion, a price-to-earnings ratio of 8.68, a PEG ratio of 0.51 and a beta of 1.08. The firm’s fifty day simple moving average is $110.73 and its 200-day simple moving average is $108.01. Exxon Mobil Co. has a twelve month low of $79.29 and a twelve month high of $119.63. The company has a current ratio of 1.41, a quick ratio of 1.06 and a debt-to-equity ratio of 0.20.
Exxon Mobil (NYSE:XOM – Get Rating) last posted its quarterly earnings results on Tuesday, January 31st. The oil and gas company reported $3.40 earnings per share for the quarter, beating analysts’ consensus estimates of $3.32 by $0.08. The company had revenue of $95.43 billion for the quarter, compared to analysts’ expectations of $90.21 billion. Exxon Mobil had a return on equity of 31.25% and a net margin of 13.47%. Exxon Mobil’s quarterly revenue was up 12.3% on a year-over-year basis. During the same period last year, the firm earned $2.05 earnings per share. Equities analysts forecast that Exxon Mobil Co. will post 9.98 EPS for the current fiscal year.
Exxon Mobil Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, March 10th. Shareholders of record on Tuesday, February 14th were paid a $0.91 dividend. The ex-dividend date of this dividend was Monday, February 13th. This represents a $3.64 annualized dividend and a yield of 3.16%. Exxon Mobil’s dividend payout ratio is currently 27.45%.
About Exxon Mobil
Exxon Mobil Corp. engages in the exploration, development, and distribution of oil, gas, and petroleum products. It operates through the following segments: Upstream, Downstream and Chemical. The Upstream segment produces crude oil and natural gas. The Downstream segment manufactures and trades petroleum products.
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