GWM Advisors LLC lifted its position in Exxon Mobil Co. (NYSE:XOM) by 4.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 66,854 shares of the oil and gas company’s stock after buying an additional 2,587 shares during the quarter. GWM Advisors LLC’s holdings in Exxon Mobil were worth $4,559,000 as of its most recent SEC filing.
Several other large investors have also recently added to or reduced their stakes in XOM. Bristlecone Advisors LLC lifted its holdings in Exxon Mobil by 51.3% in the third quarter. Bristlecone Advisors LLC now owns 41,027 shares of the oil and gas company’s stock valued at $3,488,000 after acquiring an additional 13,916 shares during the last quarter. American Investment Services Inc. lifted its holdings in Exxon Mobil by 7.5% in the third quarter. American Investment Services Inc. now owns 240,979 shares of the oil and gas company’s stock valued at $20,488,000 after acquiring an additional 16,736 shares during the last quarter. Managed Account Services Inc. acquired a new position in Exxon Mobil in the third quarter valued at approximately $611,000. GSB Wealth Management LLC lifted its holdings in Exxon Mobil by 7.3% in the third quarter. GSB Wealth Management LLC now owns 19,174 shares of the oil and gas company’s stock valued at $1,631,000 after acquiring an additional 1,300 shares during the last quarter. Finally, Summit Financial Wealth Advisors LLC lifted its holdings in Exxon Mobil by 261.2% in the third quarter. Summit Financial Wealth Advisors LLC now owns 45,988 shares of the oil and gas company’s stock valued at $3,716,000 after acquiring an additional 33,257 shares during the last quarter. 54.63% of the stock is owned by institutional investors and hedge funds.
Exxon Mobil stock opened at $75.71 on Tuesday. Exxon Mobil Co. has a twelve month low of $64.65 and a twelve month high of $87.36. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.50 and a current ratio of 0.77. The firm has a market cap of $325.31 billion, a PE ratio of 15.36, a P/E/G ratio of 1.60 and a beta of 0.90.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Monday, May 13th will be given a dividend of $0.87 per share. The ex-dividend date is Friday, May 10th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 4.60%. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.82. Exxon Mobil’s dividend payout ratio is currently 66.53%.
XOM has been the topic of a number of recent analyst reports. HSBC reiterated a “buy” rating and issued a $82.00 price objective on shares of Exxon Mobil in a report on Monday, January 14th. Royal Bank of Canada set a $95.00 price objective on Exxon Mobil and gave the company a “buy” rating in a report on Friday, February 1st. JPMorgan Chase & Co. set a $87.00 price objective on Exxon Mobil and gave the company a “neutral” rating in a report on Friday, February 1st. Credit Suisse Group set a $79.00 price objective on Exxon Mobil and gave the company a “neutral” rating in a report on Friday, February 1st. Finally, Goldman Sachs Group set a $79.00 price objective on Exxon Mobil and gave the company a “neutral” rating in a report on Friday, February 1st. Three investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $84.24.
Exxon Mobil Profile
Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/Other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, petroleum products, and other specialty products; and manufactures and markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.
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