Wealth Enhancement Advisory Services LLC Purchases 33,098 Shares of Exxon Mobil Co. (NYSE:XOM)

Wealth Enhancement Advisory Services LLC grew its stake in shares of Exxon Mobil Co. (NYSE:XOMGet Rating) by 302.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 44,042 shares of the oil and gas company’s stock after buying an additional 33,098 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Exxon Mobil were worth $3,481,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of XOM. Nvwm LLC raised its position in Exxon Mobil by 100.0% in the 4th quarter. Nvwm LLC now owns 600 shares of the oil and gas company’s stock valued at $36,000 after buying an additional 300 shares during the last quarter. Bell Investment Advisors Inc acquired a new stake in Exxon Mobil in the third quarter valued at $45,000. Northwest Investment Counselors LLC bought a new position in Exxon Mobil during the fourth quarter worth about $63,000. Strategic Asset Management LLC bought a new position in Exxon Mobil in the 3rd quarter valued at about $66,000. Finally, Tacita Capital Inc grew its holdings in shares of Exxon Mobil by 1,738.1% during the 3rd quarter. Tacita Capital Inc now owns 1,158 shares of the oil and gas company’s stock valued at $68,000 after purchasing an additional 1,095 shares during the last quarter. Hedge funds and other institutional investors own 51.91% of the company’s stock.

Shares of NYSE XOM opened at $85.25 on Friday. The firm has a market capitalization of $360.91 billion, a P/E ratio of 15.82, a PEG ratio of 0.43 and a beta of 1.17. Exxon Mobil Co. has a one year low of $52.10 and a one year high of $91.50. The company’s fifty day moving average is $83.05 and its two-hundred day moving average is $72.75. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.71 and a current ratio of 1.04.

Exxon Mobil (NYSE:XOMGet Rating) last issued its earnings results on Friday, April 29th. The oil and gas company reported $2.07 EPS for the quarter, missing the consensus estimate of $2.23 by ($0.16). The company had revenue of $90.50 billion for the quarter, compared to analysts’ expectations of $83.57 billion. Exxon Mobil had a return on equity of 13.67% and a net margin of 8.07%. Exxon Mobil’s revenue for the quarter was up 53.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.65 earnings per share. On average, sell-side analysts forecast that Exxon Mobil Co. will post 9.84 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 10th. Investors of record on Friday, May 13th will be given a $0.88 dividend. The ex-dividend date of this dividend is Thursday, May 12th. This represents a $3.52 annualized dividend and a dividend yield of 4.13%. Exxon Mobil’s dividend payout ratio is presently 65.31%.

Exxon Mobil declared that its board has authorized a stock buyback plan on Tuesday, February 1st that allows the company to buyback $10.00 billion in outstanding shares. This buyback authorization allows the oil and gas company to reacquire up to 2.9% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.

Several brokerages have recently commented on XOM. MKM Partners raised their target price on Exxon Mobil from $81.00 to $84.00 and gave the company a “buy” rating in a research note on Monday, March 7th. JPMorgan Chase & Co. set a $100.00 price target on Exxon Mobil in a research note on Tuesday, March 29th. Wells Fargo & Company boosted their target price on Exxon Mobil from $93.00 to $107.00 and gave the stock an “overweight” rating in a report on Friday, March 11th. BMO Capital Markets raised their price target on shares of Exxon Mobil from $73.00 to $86.00 and gave the company a “hold” rating in a report on Thursday, March 3rd. Finally, The Goldman Sachs Group set a $91.00 price objective on shares of Exxon Mobil in a report on Thursday, March 3rd. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Exxon Mobil has an average rating of “Hold” and a consensus price target of $79.65.

In other Exxon Mobil news, Director Jeffrey W. Ubben sold 1,500,000 shares of the company’s stock in a transaction dated Wednesday, February 2nd. The shares were sold at an average price of $80.05, for a total value of $120,075,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Stephen A. Littleton sold 10,000 shares of the company’s stock in a transaction dated Friday, February 4th. The shares were sold at an average price of $81.29, for a total transaction of $812,900.00. The disclosure for this sale can be found here. 0.04% of the stock is owned by insiders.

Exxon Mobil Profile (Get Rating)

Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States and internationally. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, natural gas, petroleum products, petrochemicals, and other specialty products; manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals; and captures and stores carbon, hydrogen, and biofuels.

Further Reading

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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