Accel Wealth Management Boosts Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Accel Wealth Management grew its stake in Exxon Mobil Co. (NYSE:XOM) by 11.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,364 shares of the oil and gas company’s stock after purchasing an additional 535 shares during the period. Accel Wealth Management’s holdings in Exxon Mobil were worth $536,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the stock. Trueblood Wealth Management LLC purchased a new stake in shares of Exxon Mobil in the fourth quarter valued at approximately $1,722,000. FLC Capital Advisors lifted its stake in Exxon Mobil by 6.1% during the fourth quarter. FLC Capital Advisors now owns 37,607 shares of the oil and gas company’s stock worth $3,760,000 after purchasing an additional 2,151 shares in the last quarter. Good Life Advisors LLC lifted its stake in Exxon Mobil by 17.1% during the fourth quarter. Good Life Advisors LLC now owns 42,002 shares of the oil and gas company’s stock worth $4,199,000 after purchasing an additional 6,129 shares in the last quarter. WealthCare Investment Partners LLC lifted its stake in Exxon Mobil by 130.9% during the fourth quarter. WealthCare Investment Partners LLC now owns 6,000 shares of the oil and gas company’s stock worth $606,000 after purchasing an additional 3,402 shares in the last quarter. Finally, Successful Portfolios LLC lifted its stake in Exxon Mobil by 3.5% during the fourth quarter. Successful Portfolios LLC now owns 9,334 shares of the oil and gas company’s stock worth $933,000 after purchasing an additional 317 shares in the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Exxon Mobil Stock Performance

NYSE:XOM opened at $116.24 on Friday. The firm has a market capitalization of $461.22 billion, a PE ratio of 13.08, a price-to-earnings-growth ratio of 4.21 and a beta of 0.96. The business’s fifty day moving average price is $105.34 and its 200 day moving average price is $105.96. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.48 and a quick ratio of 1.09. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $120.70.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, February 2nd. The oil and gas company reported $2.48 EPS for the quarter, beating the consensus estimate of $2.20 by $0.28. The firm had revenue of $84.34 billion for the quarter, compared to analyst estimates of $90.03 billion. Exxon Mobil had a return on equity of 18.51% and a net margin of 10.45%. Exxon Mobil’s revenue for the quarter was down 11.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.40 earnings per share. On average, sell-side analysts anticipate that Exxon Mobil Co. will post 9.11 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Wednesday, February 14th were issued a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a dividend yield of 3.27%. The ex-dividend date was Tuesday, February 13th. Exxon Mobil’s payout ratio is 42.74%.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 2,400 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total transaction of $252,000.00. Following the transaction, the vice president now owns 30,189 shares of the company’s stock, valued at $3,169,845. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.06% of the company’s stock.

Wall Street Analysts Forecast Growth

XOM has been the topic of a number of research reports. JPMorgan Chase & Co. decreased their price target on Exxon Mobil from $134.00 to $127.00 and set an “overweight” rating on the stock in a research note on Friday, December 8th. TD Cowen upgraded Exxon Mobil from a “market perform” rating to an “outperform” rating and set a $115.00 price objective on the stock in a research note on Tuesday, January 23rd. UBS Group reduced their price objective on Exxon Mobil from $133.00 to $132.00 and set a “buy” rating on the stock in a research note on Tuesday, January 23rd. Royal Bank of Canada reiterated a “sector perform” rating and issued a $120.00 price objective on shares of Exxon Mobil in a research note on Monday, February 5th. Finally, Erste Group Bank reiterated a “hold” rating on shares of Exxon Mobil in a research note on Friday, December 22nd. Nine equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $128.18.

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.