Center For Asset Management LLC Grows Position in Exxon Mobil Co. (NYSE:XOM)

Center For Asset Management LLC lifted its position in Exxon Mobil Co. (NYSE:XOM) by 4.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,175 shares of the oil and gas company’s stock after purchasing an additional 183 shares during the period. Center For Asset Management LLC’s holdings in Exxon Mobil were worth $449,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the company. Cornerstone Wealth Group LLC boosted its position in Exxon Mobil by 2.5% during the fourth quarter. Cornerstone Wealth Group LLC now owns 84,545 shares of the oil and gas company’s stock worth $9,095,000 after purchasing an additional 2,045 shares in the last quarter. Union Bancaire Privee UBP SA acquired a new stake in shares of Exxon Mobil in the fourth quarter valued at about $48,348,000. Apexium Financial LP increased its stake in shares of Exxon Mobil by 19.1% during the fourth quarter. Apexium Financial LP now owns 11,482 shares of the oil and gas company’s stock worth $1,235,000 after purchasing an additional 1,842 shares in the last quarter. Capital Asset Advisory Services LLC raised its position in shares of Exxon Mobil by 3.7% during the 4th quarter. Capital Asset Advisory Services LLC now owns 61,159 shares of the oil and gas company’s stock worth $6,597,000 after purchasing an additional 2,175 shares during the last quarter. Finally, Blue Trust Inc. lifted its stake in Exxon Mobil by 17.5% in the 4th quarter. Blue Trust Inc. now owns 143,807 shares of the oil and gas company’s stock valued at $16,857,000 after buying an additional 21,391 shares in the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Stock Up 0.6 %

XOM stock opened at $108.69 on Thursday. Exxon Mobil Co. has a fifty-two week low of $100.42 and a fifty-two week high of $126.34. The company’s 50 day moving average price is $111.14 and its 200 day moving average price is $115.38. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.35. The firm has a market capitalization of $477.69 billion, a price-to-earnings ratio of 13.54, a PEG ratio of 2.86 and a beta of 0.91.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, topping analysts’ consensus estimates of $1.91 by $0.01. The firm had revenue of $90.02 billion during the quarter, compared to the consensus estimate of $93.98 billion. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The company’s revenue was down .8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.27 earnings per share. On average, equities research analysts anticipate that Exxon Mobil Co. will post 7.77 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Thursday, November 14th were given a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.64%. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date of this dividend was Thursday, November 14th. Exxon Mobil’s dividend payout ratio (DPR) is 49.32%.

Wall Street Analysts Forecast Growth

XOM has been the topic of a number of research reports. Bank of America started coverage on Exxon Mobil in a report on Thursday, October 17th. They issued a “neutral” rating and a $124.00 price objective on the stock. Royal Bank of Canada restated a “sector perform” rating and set a $115.00 target price on shares of Exxon Mobil in a report on Thursday, December 12th. Scotiabank raised Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and raised their target price for the stock from $129.00 to $145.00 in a research note on Thursday, October 10th. TD Cowen lowered their price target on shares of Exxon Mobil from $132.00 to $128.00 and set a “buy” rating on the stock in a research report on Monday, December 16th. Finally, UBS Group cut their price target on shares of Exxon Mobil from $149.00 to $147.00 and set a “buy” rating for the company in a report on Thursday, December 12th. One equities research 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. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $128.84.

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.