Werba Rubin Papier Wealth Management Grows Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Werba Rubin Papier Wealth Management raised its position in Exxon Mobil Co. (NYSE:XOM) by 4.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,242 shares of the oil and gas company’s stock after acquiring an additional 554 shares during the quarter. Werba Rubin Papier Wealth Management’s holdings in Exxon Mobil were worth $1,669,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of XOM. FPC Investment Advisory Inc. purchased a new position in shares of Exxon Mobil in the first quarter valued at about $25,000. Fairway Wealth LLC purchased a new position in shares of Exxon Mobil during the second quarter valued at about $35,000. Anfield Capital Management LLC increased its position in shares of Exxon Mobil by 360.0% during the second quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock valued at $37,000 after buying an additional 252 shares during the period. Fairscale Capital LLC purchased a new position in shares of Exxon Mobil during the second quarter valued at about $39,000. Finally, POM Investment Strategies LLC increased its position in shares of Exxon Mobil by 918.9% during the second quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock valued at $43,000 after buying an additional 340 shares during the period. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on XOM. Sanford C. Bernstein reduced their price target on shares of Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 17th. BNP Paribas cut shares of Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price target on the stock. in a research report on Wednesday, October 9th. Barclays cut their price objective on shares of Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating on the stock in a report on Thursday, October 3rd. BMO Capital Markets upped their price objective on shares of Exxon Mobil from $127.00 to $130.00 and gave the stock a “market perform” rating in a report on Friday, October 4th. Finally, Morgan Stanley cut their price objective on shares of Exxon Mobil from $145.00 to $142.00 and set an “overweight” rating on the stock in a report on Monday, September 16th. One analyst has rated the stock with a sell rating, eight have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Exxon Mobil currently has an average rating of “Moderate Buy” and a consensus price target of $131.44.

Exxon Mobil Trading Down 0.3 %

Shares of NYSE XOM opened at $120.01 on Monday. The company has a market cap of $473.20 billion, a PE ratio of 14.71, a P/E/G ratio of 5.02 and a beta of 0.89. The firm’s 50 day moving average price is $117.39 and its 200-day moving average price is $116.47. Exxon Mobil Co. has a 52-week low of $95.77 and a 52-week high of $126.34. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.36.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share for the quarter, beating analysts’ consensus estimates of $2.04 by $0.10. The company had revenue of $93.06 billion for the quarter, compared to the consensus estimate of $90.09 billion. Exxon Mobil had a net margin of 9.73% and a return on equity of 16.07%. The firm’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.94 earnings per share. On average, equities research analysts expect that Exxon Mobil Co. will post 8.11 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Thursday, August 15th were given a dividend of $0.95 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $3.80 dividend on an annualized basis and a yield of 3.17%. Exxon Mobil’s dividend payout ratio (DPR) is 46.57%.

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.