Exxon Mobil Co. (NYSE:XOM) Shares Purchased by Heirloom Wealth Management

Heirloom Wealth Management raised its holdings in Exxon Mobil Co. (NYSE:XOM) by 6.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,143 shares of the oil and gas company’s stock after buying an additional 3,469 shares during the period. Exxon Mobil comprises about 2.0% of Heirloom Wealth Management’s holdings, making the stock its 18th largest position. Heirloom Wealth Management’s holdings in Exxon Mobil were worth $6,577,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of XOM. Retirement Wealth Solutions LLC acquired a new stake in Exxon Mobil during the 4th quarter worth $46,000. Peterson Financial Group Inc. purchased a new position in shares of Exxon Mobil during the third quarter worth about $51,000. Highline Wealth Partners LLC acquired a new stake in shares of Exxon Mobil during the third quarter worth about $54,000. Harbor Capital Advisors Inc. purchased a new stake in shares of Exxon Mobil in the 3rd quarter valued at about $63,000. Finally, Annapolis Financial Services LLC boosted its position in shares of Exxon Mobil by 284.9% in the 3rd quarter. Annapolis Financial Services LLC now owns 766 shares of the oil and gas company’s stock valued at $90,000 after purchasing an additional 567 shares during the period. 61.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Royal Bank of Canada reiterated a “sector perform” rating and issued a $115.00 price objective on shares of Exxon Mobil in a research note on Thursday, December 12th. Scotiabank upgraded shares of Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and increased their price target for the stock from $129.00 to $145.00 in a research note on Thursday, October 10th. The Goldman Sachs Group lifted their price objective on shares of Exxon Mobil from $118.00 to $120.00 in a research note on Thursday, October 31st. JPMorgan Chase & Co. lowered their price target on Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating on the stock in a report on Monday, December 16th. Finally, Morgan Stanley reduced their price objective on Exxon Mobil from $142.00 to $140.00 in a research note on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Exxon Mobil has a consensus rating of “Moderate Buy” and a consensus price target of $128.84.

Exxon Mobil Trading Up 0.6 %

Shares of Exxon Mobil stock opened at $108.69 on Thursday. The company has a 50-day moving average of $111.14 and a two-hundred day moving average of $115.38. Exxon Mobil Co. has a 12-month low of $100.42 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 $477.69 billion, a PE ratio of 13.54, a price-to-earnings-growth ratio of 2.86 and a beta of 0.91.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.91 by $0.01. The firm had revenue of $90.02 billion during the quarter, compared to analysts’ expectations of $93.98 billion. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. Exxon Mobil’s revenue was down .8% on a year-over-year basis. During the same period in the previous year, the firm posted $2.27 earnings per share. On average, research analysts anticipate that Exxon Mobil Co. will post 7.77 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. Shareholders of record on Thursday, November 14th were issued a dividend of $0.99 per share. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 annualized dividend and a yield of 3.64%. The ex-dividend date of this dividend was Thursday, November 14th. Exxon Mobil’s dividend payout ratio (DPR) is 49.32%.

About Exxon Mobil

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.