Clay Northam Wealth Management LLC Boosts Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Clay Northam Wealth Management LLC increased its position in Exxon Mobil Co. (NYSE:XOM) by 8.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,043 shares of the oil and gas company’s stock after acquiring an additional 159 shares during the period. Clay Northam Wealth Management LLC’s holdings in Exxon Mobil were worth $220,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in XOM. FMR LLC raised its holdings in shares of Exxon Mobil by 0.3% during the third quarter. FMR LLC now owns 151,863,649 shares of the oil and gas company’s stock valued at $17,801,457,000 after purchasing an additional 395,218 shares during the last quarter. Geode Capital Management LLC grew its position in 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 purchasing an additional 1,622,064 shares during the period. Franklin Resources Inc. lifted its holdings in shares of Exxon Mobil by 16.3% during the 3rd quarter. Franklin Resources Inc. now owns 31,522,556 shares of the oil and gas company’s stock valued at $3,936,929,000 after buying an additional 4,415,012 shares during the period. Charles Schwab Investment Management Inc. boosted 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 buying an additional 146,374 shares during the last quarter. Finally, Fisher Asset Management LLC grew its holdings in shares of Exxon Mobil by 3.4% in the third 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. 61.80% of the stock is owned by institutional investors.

Exxon Mobil Stock Performance

XOM opened at $108.33 on Friday. The stock has a market capitalization of $476.11 billion, a price-to-earnings ratio of 13.82, a PEG ratio of 2.79 and a beta of 0.89. Exxon Mobil Co. has a fifty-two week low of $100.42 and a fifty-two 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 company has a fifty day moving average of $109.78 and a 200 day moving average of $115.05.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (EPS) for the quarter, missing the consensus estimate 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 period in the prior year, the firm earned $2.48 earnings per share. As a group, sell-side analysts forecast that Exxon Mobil Co. will post 7.65 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th will be given a dividend of $0.99 per share. The ex-dividend date of this dividend 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 currently 50.51%.

Analysts Set New Price Targets

XOM has been the topic of several research reports. HSBC dropped their target price on Exxon Mobil from $125.00 to $123.00 and set a “hold” rating on the stock in a research report on Friday, January 31st. TD Cowen reduced their target price on shares of Exxon Mobil from $132.00 to $128.00 and set a “buy” rating for the company in a report on Monday, December 16th. JPMorgan Chase & Co. dropped their price target on shares of Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating on the stock in a research note on Monday, December 16th. The Goldman Sachs Group reduced their price objective on Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. Finally, Wolfe Research lifted their target price on Exxon Mobil from $137.00 to $138.00 in a research report on Thursday, October 31st. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $129.25.

Insider Activity at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total transaction of $231,000.00. Following the completion of the transaction, the vice president now 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 currently owned by insiders.

About Exxon Mobil

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.