Hohimer Wealth Management LLC Increases Position in Exxon Mobil Co. (NYSE:XOM)

Hohimer Wealth Management LLC boosted its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 0.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 43,944 shares of the oil and gas company’s stock after purchasing an additional 216 shares during the quarter. Exxon Mobil makes up 1.1% of Hohimer Wealth Management LLC’s holdings, making the stock its 20th largest position. Hohimer Wealth Management LLC’s holdings in Exxon Mobil were worth $5,151,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Fairway Wealth LLC acquired a new stake in Exxon Mobil in the 2nd quarter worth about $35,000. Anfield Capital Management LLC boosted its stake in shares of Exxon Mobil by 360.0% in the second quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock worth $37,000 after acquiring an additional 252 shares during the last quarter. Fairscale Capital LLC purchased a new stake in shares of Exxon Mobil during the second quarter worth approximately $39,000. POM Investment Strategies LLC raised its stake in Exxon Mobil by 918.9% in the 2nd quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock valued at $43,000 after purchasing an additional 340 shares during the last quarter. Finally, Hershey Financial Advisers LLC purchased a new position in Exxon Mobil in the 2nd quarter valued at $46,000. 61.80% of the stock is owned by institutional investors and hedge funds.

Exxon Mobil Price Performance

Exxon Mobil stock opened at $112.68 on Wednesday. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $126.34. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. The stock has a market cap of $495.24 billion, a P/E ratio of 14.03, a price-to-earnings-growth ratio of 4.74 and a beta of 0.89. The company has a fifty day simple moving average of $119.68 and a 200-day simple moving average of $116.47.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, beating analysts’ consensus estimates of $1.91 by $0.01. The business 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 business’s revenue for the quarter was down .8% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.27 EPS. Equities analysts expect that Exxon Mobil Co. will post 7.94 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The business also recently disclosed 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 3.51%. The ex-dividend date was Thursday, November 14th. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s payout ratio is currently 49.32%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. TD Cowen increased their target price on shares of Exxon Mobil from $127.00 to $132.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. The Goldman Sachs Group raised their target price on shares of Exxon Mobil from $118.00 to $120.00 in a research note on Thursday, October 31st. Wells Fargo & Company lifted their price objective on Exxon Mobil from $135.00 to $136.00 and gave the stock an “overweight” rating in a research report on Friday, September 27th. Barclays cut their target price on Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating for the company in a research note on Thursday, October 3rd. Finally, UBS Group reduced their target price on Exxon Mobil from $157.00 to $149.00 and set a “buy” rating on the stock in a research report on Wednesday, September 18th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $129.95.

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.