Whalen Wealth Management Inc. Buys Shares of 3,533 Exxon Mobil Co. (NYSE:XOM)

Whalen Wealth Management Inc. purchased a new stake in Exxon Mobil Co. (NYSE:XOM) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 3,533 shares of the oil and gas company’s stock, valued at approximately $414,000.

A number of other large investors also recently modified their holdings of XOM. Etfidea LLC increased its stake in shares of Exxon Mobil by 3.3% in the second quarter. Etfidea LLC now owns 2,669 shares of the oil and gas company’s stock valued at $307,000 after buying an additional 85 shares during the period. Bigelow Investment Advisors LLC increased its position in Exxon Mobil by 0.6% in the 2nd quarter. Bigelow Investment Advisors LLC now owns 13,543 shares of the oil and gas company’s stock valued at $1,559,000 after acquiring an additional 86 shares during the period. Integral Investment Advisors Inc. raised its stake in shares of Exxon Mobil by 2.1% during the second quarter. Integral Investment Advisors Inc. now owns 4,207 shares of the oil and gas company’s stock valued at $483,000 after acquiring an additional 87 shares during the last quarter. CBIZ Investment Advisory Services LLC grew its stake in shares of Exxon Mobil by 15.2% in the second quarter. CBIZ Investment Advisory Services LLC now owns 660 shares of the oil and gas company’s stock worth $76,000 after purchasing an additional 87 shares during the last quarter. Finally, First Heartland Consultants Inc. increased its holdings in Exxon Mobil by 0.9% in the third quarter. First Heartland Consultants Inc. now owns 9,451 shares of the oil and gas company’s stock valued at $1,108,000 after purchasing an additional 87 shares during the period. 61.80% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have commented on XOM. Mizuho lifted their target price on Exxon Mobil from $128.00 to $130.00 and gave the stock a “neutral” rating in a report on Monday, September 16th. JPMorgan Chase & Co. upped their target price on Exxon Mobil from $127.00 to $128.00 in a report on Thursday, October 31st. Redburn Atlantic restated a “neutral” rating and set a $120.00 price target (up previously from $119.00) on shares of Exxon Mobil in a report on Tuesday, September 24th. UBS Group decreased their price objective on shares of Exxon Mobil from $157.00 to $149.00 and set a “buy” rating for the company in a research report on Wednesday, September 18th. Finally, Evercore ISI upgraded shares of Exxon Mobil to a “strong-buy” rating in a report on Monday, August 5th. One analyst has rated the stock with a sell rating, eight have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Exxon Mobil has an average rating of “Moderate Buy” and a consensus target price of $129.95.

Exxon Mobil Stock Up 0.9 %

Exxon Mobil stock opened at $120.33 on Tuesday. Exxon Mobil Co. has a fifty-two week low of $95.77 and a fifty-two week high of $126.34. 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’s 50-day simple moving average is $118.59 and its 200 day simple moving average is $116.42. The stock has a market cap of $528.86 billion, a PE ratio of 14.99, a price-to-earnings-growth ratio of 5.00 and a beta of 0.90.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, topping analysts’ consensus estimates of $1.91 by $0.01. The firm had revenue of $90.02 billion for the quarter, compared to the consensus estimate of $93.98 billion. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The company’s revenue was down .8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.27 EPS. Research analysts predict that Exxon Mobil Co. will post 7.95 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th will be paid a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.29%. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date is Thursday, November 14th. Exxon Mobil’s payout ratio is presently 49.32%.

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.