Exxon Mobil Co. (NYSE:XOM) Stock Position Raised by BigSur Wealth Management LLC

BigSur Wealth Management LLC boosted its position in shares of Exxon Mobil Co. (NYSE:XOM) by 6.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 17,368 shares of the oil and gas company’s stock after purchasing an additional 1,000 shares during the period. BigSur Wealth Management LLC’s holdings in Exxon Mobil were worth $1,868,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. True Link Financial Advisors LLC lifted its position in shares of Exxon Mobil by 6.9% in the fourth quarter. True Link Financial Advisors LLC now owns 12,081 shares of the oil and gas company’s stock worth $1,300,000 after purchasing an additional 777 shares in the last quarter. Strong Tower Advisory Services increased its stake in Exxon Mobil by 2.7% in the 4th quarter. Strong Tower Advisory Services now owns 53,304 shares of the oil and gas company’s stock valued at $5,734,000 after buying an additional 1,408 shares during the period. Community Bank of Raymore lifted its position in Exxon Mobil by 8.1% in the 4th quarter. Community Bank of Raymore now owns 23,444 shares of the oil and gas company’s stock worth $2,522,000 after buying an additional 1,760 shares in the last quarter. M.E. Allison & CO. Inc. acquired a new stake in shares of Exxon Mobil during the 4th quarter valued at $368,000. Finally, Lincoln Capital LLC grew its holdings in shares of Exxon Mobil by 1.1% during the 4th quarter. Lincoln Capital LLC now owns 8,521 shares of the oil and gas company’s stock valued at $917,000 after acquiring an additional 94 shares in the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Barclays cut their price objective on Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating for the company in a report on Thursday, October 3rd. Bank of America started coverage on Exxon Mobil in a report on Thursday, October 17th. They set a “neutral” rating and a $124.00 price target for the company. TD Cowen dropped their price objective on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating on the stock in a report on Monday, December 16th. Scotiabank upgraded shares of Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and lifted their target price for the company from $129.00 to $145.00 in a research note on Thursday, October 10th. Finally, Wells Fargo & Company increased their price target on shares of Exxon Mobil from $135.00 to $136.00 and gave the stock an “overweight” rating in a research note on Friday, September 27th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Exxon Mobil presently has an average rating of “Moderate Buy” and a consensus price target of $128.84.

Exxon Mobil Trading Down 0.7 %

Shares of XOM stock opened at $111.52 on Wednesday. The firm has a market capitalization of $490.12 billion, a P/E ratio of 13.89, a price-to-earnings-growth ratio of 3.01 and a beta of 0.91. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $126.34. The firm’s fifty day simple moving average is $112.40 and its 200 day simple moving average is $115.50. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.91 by $0.01. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The company had revenue of $90.02 billion for the quarter, compared to the consensus estimate of $93.98 billion. During the same quarter in the previous year, the firm posted $2.27 EPS. The business’s revenue was down .8% compared to the same quarter last year. As a group, sell-side analysts predict that Exxon Mobil Co. will post 7.77 EPS for the current year.

Exxon Mobil Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th were issued a $0.99 dividend. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date was Thursday, November 14th. This represents a $3.96 annualized dividend and a yield of 3.55%. Exxon Mobil’s dividend payout ratio is 49.32%.

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.