Exxon Mobil Co. (NYSE:XOM) is McElhenny Sheffield Capital Management LLC’s 8th Largest Position

McElhenny Sheffield Capital Management LLC increased its position in Exxon Mobil Co. (NYSE:XOM) by 5.0% in the fourth quarter, Holdings Channel.com reports. The fund owned 69,274 shares of the oil and gas company’s stock after purchasing an additional 3,320 shares during the period. Exxon Mobil makes up about 2.5% of McElhenny Sheffield Capital Management LLC’s investment portfolio, making the stock its 8th largest position. McElhenny Sheffield Capital Management LLC’s holdings in Exxon Mobil were worth $7,452,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Eagle Capital Management LLC grew its position in Exxon Mobil by 4.9% in the 2nd quarter. Eagle Capital Management LLC now owns 2,460 shares of the oil and gas company’s stock worth $283,000 after purchasing an additional 114 shares during the period. Kayne Anderson Rudnick Investment Management LLC grew its position in Exxon Mobil by 21.6% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 9,765 shares of the oil and gas company’s stock worth $1,124,000 after purchasing an additional 1,737 shares during the period. Fairscale Capital LLC bought a new stake in Exxon Mobil in the 2nd quarter worth approximately $39,000. Commonwealth Financial Services LLC grew its position in Exxon Mobil by 4.9% in the 2nd quarter. Commonwealth Financial Services LLC now owns 17,336 shares of the oil and gas company’s stock worth $1,945,000 after purchasing an additional 809 shares during the period. Finally, Certified Advisory Corp grew its position in Exxon Mobil by 20.9% in the 2nd quarter. Certified Advisory Corp now owns 10,418 shares of the oil and gas company’s stock worth $1,199,000 after purchasing an additional 1,799 shares during the period. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Exxon Mobil Stock Up 0.9 %

Shares of XOM stock opened at $112.37 on Tuesday. The stock has a market cap of $493.89 billion, a P/E ratio of 13.99, a PEG 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. 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’s fifty day simple moving average is $112.56 and its two-hundred day simple moving average is $115.51.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.91 by $0.01. The firm had revenue of $90.02 billion for the quarter, compared to analysts’ expectations of $93.98 billion. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The business’s revenue was down .8% compared to the same quarter last year. During the same period in the prior year, the company earned $2.27 EPS. Analysts predict that Exxon Mobil Co. will post 7.86 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th were given a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 3.52%. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date was Thursday, November 14th. Exxon Mobil’s dividend payout ratio is currently 49.32%.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. UBS Group cut their target price on shares of Exxon Mobil from $149.00 to $147.00 and set a “buy” rating for the company in a research report on Thursday, December 12th. Wells Fargo & Company boosted their price objective on shares of Exxon Mobil from $135.00 to $136.00 and gave the company an “overweight” rating in a research report on Friday, September 27th. Mizuho cut their price objective on shares of Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating for the company in a research report on Monday, December 16th. Scotiabank raised shares of Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and boosted their price objective for the company from $129.00 to $145.00 in a research report on Thursday, October 10th. Finally, BNP Paribas downgraded shares of Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price objective for the company. in a research report on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Exxon Mobil presently has an average 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.