WealthBridge Capital Management LLC boosted its holdings in shares of Exxon Mobil Co. (NYSE:XOM – Get Rating) by 1.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,588 shares of the oil and gas company’s stock after acquiring an additional 131 shares during the quarter. WealthBridge Capital Management LLC’s holdings in Exxon Mobil were worth $837,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in XOM. Karp Capital Management Corp bought a new stake in shares of Exxon Mobil in the 3rd quarter valued at $28,000. Clear Perspectives Financial Planning LLC boosted its stake in shares of Exxon Mobil by 259.0% in the 3rd quarter. Clear Perspectives Financial Planning LLC now owns 377 shares of the oil and gas company’s stock valued at $33,000 after purchasing an additional 272 shares during the last quarter. Align Wealth Management LLC bought a new stake in shares of Exxon Mobil in the 4th quarter valued at $38,000. Mine & Arao Wealth Creation & Management LLC. boosted its stake in shares of Exxon Mobil by 61.7% in the 3rd quarter. Mine & Arao Wealth Creation & Management LLC. now owns 443 shares of the oil and gas company’s stock valued at $39,000 after purchasing an additional 169 shares during the last quarter. Finally, Orion Capital Management LLC bought a new stake in shares of Exxon Mobil in the 3rd quarter valued at $44,000. 57.49% of the stock is owned by institutional investors.
Insider Buying and Selling
In related news, VP Darrin L. Talley sold 2,500 shares of the firm’s stock in a transaction dated Wednesday, February 1st. The shares were sold at an average price of $115.50, for a total transaction of $288,750.00. Following the completion of the sale, the vice president now owns 31,772 shares in the company, valued at $3,669,666. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.04% of the stock is currently owned by corporate insiders.
Exxon Mobil Stock Performance
Exxon Mobil (NYSE:XOM – Get Rating) last announced its earnings results on Tuesday, January 31st. The oil and gas company reported $3.40 EPS for the quarter, beating the consensus estimate of $3.32 by $0.08. The company had revenue of $95.43 billion during the quarter, compared to the consensus estimate of $90.21 billion. Exxon Mobil had a net margin of 13.47% and a return on equity of 31.25%. The firm’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.05 earnings per share. Equities research analysts forecast that Exxon Mobil Co. will post 9.95 EPS for the current fiscal year.
Exxon Mobil Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 10th. Investors of record on Tuesday, February 14th were issued a dividend of $0.91 per share. The ex-dividend date was Monday, February 13th. This represents a $3.64 dividend on an annualized basis and a yield of 3.12%. Exxon Mobil’s dividend payout ratio (DPR) is presently 27.45%.
Analysts Set New Price Targets
A number of equities research analysts have recently commented on XOM shares. Bank of America upped their price objective on shares of Exxon Mobil from $136.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, February 1st. Cowen increased their target price on shares of Exxon Mobil from $108.00 to $113.00 and gave the stock a “market perform” rating in a research note on Thursday, February 2nd. Wells Fargo & Company increased their target price on shares of Exxon Mobil from $125.00 to $133.00 and gave the stock an “overweight” rating in a research note on Friday, March 3rd. Redburn Partners lowered shares of Exxon Mobil from a “neutral” rating to a “sell” rating in a research note on Wednesday, January 18th. Finally, Argus increased their target price on shares of Exxon Mobil from $128.00 to $133.00 and gave the stock a “buy” rating in a research note on Thursday, February 2nd. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $122.87.
Exxon Mobil Profile
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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