HB Wealth Management LLC Decreases Stock Position in Exxon Mobil Co. (NYSE:XOM)

HB Wealth Management LLC decreased its position in shares of Exxon Mobil Co. (NYSE:XOM) by 3.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 159,362 shares of the oil and gas company’s stock after selling 6,053 shares during the period. HB Wealth Management LLC’s holdings in Exxon Mobil were worth $17,142,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Fairscale Capital LLC bought a new position in Exxon Mobil during the second quarter valued at $39,000. Hershey Financial Advisers LLC bought a new position in shares of Exxon Mobil in the 2nd quarter valued at about $46,000. Retirement Wealth Solutions LLC purchased a new position in Exxon Mobil in the fourth quarter worth about $46,000. Peterson Financial Group Inc. bought a new stake in Exxon Mobil during the third quarter worth approximately $51,000. Finally, Highline Wealth Partners LLC purchased a new stake in Exxon Mobil during the third quarter valued at approximately $54,000. 61.80% of the stock is owned by institutional investors.

Exxon Mobil Stock Performance

Shares of NYSE:XOM opened at $112.37 on Monday. The firm has a 50 day moving average of $112.56 and a 200 day moving average of $115.51. The company has a quick ratio of 1.01, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $493.89 billion, a price-to-earnings ratio of 13.99, a price-to-earnings-growth ratio of 2.70 and a beta of 0.91. Exxon Mobil Co. has a 52 week low of $95.77 and a 52 week high of $126.34.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, topping the consensus estimate of $1.91 by $0.01. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The firm had revenue of $90.02 billion during the quarter, compared to analyst estimates of $93.98 billion. During the same period in the previous year, the company posted $2.27 EPS. The business’s revenue for the quarter was down .8% compared to the same quarter last year. On average, sell-side analysts predict that Exxon Mobil Co. will post 7.86 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders 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. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.52%. The ex-dividend date was Thursday, November 14th. Exxon Mobil’s dividend payout ratio (DPR) is currently 49.32%.

Analysts Set New Price Targets

Several research firms have recently weighed in on XOM. Mizuho cut their target price on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating on the stock in a research report on Monday, December 16th. The Goldman Sachs Group increased their target price on shares of Exxon Mobil from $118.00 to $120.00 in a research note on Thursday, October 31st. JPMorgan Chase & Co. dropped their price target on shares of Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating for the company in a research note on Monday, December 16th. Scotiabank raised shares of Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and increased their price objective for the stock from $129.00 to $145.00 in a research report on Thursday, October 10th. Finally, BMO Capital Markets upped their target price on Exxon Mobil from $127.00 to $130.00 and gave the company a “market perform” rating in a research note on Friday, October 4th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Exxon Mobil presently has a consensus rating of “Moderate Buy” and a consensus price target of $128.84.

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.