Exxon Mobil Co. (NYSE:XOM) Shares Purchased by PBMares Wealth Management LLC

PBMares Wealth Management LLC increased its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 3.2% in the fourth quarter, Holdings Channel reports. The firm owned 97,525 shares of the oil and gas company’s stock after buying an additional 3,041 shares during the quarter. Exxon Mobil accounts for 2.1% of PBMares Wealth Management LLC’s investment portfolio, making the stock its 14th biggest holding. PBMares Wealth Management LLC’s holdings in Exxon Mobil were worth $10,491,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of the business. FMR LLC boosted its stake in Exxon Mobil by 0.3% during the 3rd quarter. FMR LLC now owns 151,863,649 shares of the oil and gas company’s stock worth $17,801,457,000 after purchasing an additional 395,218 shares during the period. Geode Capital Management LLC lifted its stake in shares of Exxon Mobil by 1.8% in the 3rd quarter. Geode Capital Management LLC now owns 92,194,981 shares of the oil and gas company’s stock worth $10,777,735,000 after acquiring an additional 1,622,064 shares during the period. Franklin Resources Inc. lifted its stake in shares of Exxon Mobil by 16.3% in the 3rd quarter. Franklin Resources Inc. now owns 31,522,556 shares of the oil and gas company’s stock worth $3,936,929,000 after acquiring an additional 4,415,012 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Exxon Mobil by 0.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 31,160,117 shares of the oil and gas company’s stock worth $3,652,589,000 after acquiring an additional 146,374 shares during the period. Finally, Fisher Asset Management LLC lifted its stake in shares of Exxon Mobil by 3.4% in the 3rd quarter. Fisher Asset Management LLC now owns 29,197,557 shares of the oil and gas company’s stock worth $3,422,538,000 after acquiring an additional 949,875 shares during the period. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Stock Performance

Shares of NYSE XOM opened at $109.95 on Wednesday. The company has a market cap of $483.22 billion, a PE ratio of 14.02, a price-to-earnings-growth ratio of 2.79 and a beta of 0.89. Exxon Mobil Co. has a 12 month low of $100.42 and a 12 month high of $126.34. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. The company has a 50-day simple moving average of $110.10 and a 200-day simple moving average of $115.13.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 EPS for the quarter, missing analysts’ consensus estimates of $1.77 by ($0.10). Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. During the same quarter in the previous year, the company earned $2.48 EPS. On average, equities analysts anticipate that Exxon Mobil Co. will post 7.65 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th will be issued 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 3.60%. Exxon Mobil’s dividend payout ratio (DPR) is presently 50.51%.

Wall Street Analysts Forecast Growth

XOM has been the subject of several recent analyst reports. Morgan Stanley raised their target price on shares of Exxon Mobil from $139.00 to $140.00 in a research note on Friday, January 31st. The Goldman Sachs Group reduced their target price 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. UBS Group reduced their price objective on shares of Exxon Mobil from $149.00 to $147.00 and set a “buy” rating for the company in a research note on Thursday, December 12th. Bank of America began coverage on shares of Exxon Mobil in a research note on Thursday, October 17th. They issued a “neutral” rating and a $124.00 price objective for the company. Finally, TD Cowen reduced their price objective on shares of Exxon Mobil from $132.00 to $128.00 and set a “buy” rating for the company in a research note on Monday, December 16th. One analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average 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.