Exxon Mobil Co. (NYSE:XOM) Shares Bought by Global Wealth Management Investment Advisory Inc.

Global Wealth Management Investment Advisory Inc. boosted its position in shares of Exxon Mobil Co. (NYSE:XOM) by 10.7% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 47,195 shares of the oil and gas company’s stock after acquiring an additional 4,578 shares during the period. Exxon Mobil comprises 1.2% of Global Wealth Management Investment Advisory Inc.’s investment portfolio, making the stock its 20th biggest holding. Global Wealth Management Investment Advisory Inc.’s holdings in Exxon Mobil were worth $5,532,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Etfidea LLC increased its stake in shares of Exxon Mobil by 3.3% in the second quarter. Etfidea LLC now owns 2,669 shares of the oil and gas company’s stock worth $307,000 after acquiring an additional 85 shares during the last quarter. Bigelow Investment Advisors LLC increased its stake in shares of Exxon Mobil by 0.6% in the second quarter. Bigelow Investment Advisors LLC now owns 13,543 shares of the oil and gas company’s stock worth $1,559,000 after acquiring an additional 86 shares during the last quarter. Integral Investment Advisors Inc. increased its position in Exxon Mobil by 2.1% during the second quarter. Integral Investment Advisors Inc. now owns 4,207 shares of the oil and gas company’s stock worth $483,000 after buying an additional 87 shares during the last quarter. CBIZ Investment Advisory Services LLC increased its position in Exxon Mobil by 15.2% during the second quarter. CBIZ Investment Advisory Services LLC now owns 660 shares of the oil and gas company’s stock worth $76,000 after buying an additional 87 shares during the last quarter. Finally, Mascoma Wealth Management LLC increased its position in Exxon Mobil by 7.0% during the second quarter. Mascoma Wealth Management LLC now owns 1,343 shares of the oil and gas company’s stock worth $155,000 after buying an additional 88 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Stock Up 0.3 %

NYSE XOM opened at $118.96 on Wednesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.35. The firm has a 50-day simple moving average of $117.69 and a 200 day simple moving average of $116.33. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $126.34. The stock has a market cap of $469.06 billion, a PE ratio of 14.81, a PEG ratio of 4.79 and a beta of 0.90.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, beating the consensus estimate of $1.91 by $0.01. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The business had revenue of $90.02 billion during the quarter, compared to analysts’ expectations of $93.98 billion. During the same quarter last year, the company earned $2.27 earnings per share. The firm’s revenue was down .8% on a year-over-year basis. On average, research analysts forecast that Exxon Mobil Co. will post 7.99 EPS for the current year.

Exxon Mobil Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Thursday, November 14th will be paid a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 3.33%. The ex-dividend date of this dividend is Thursday, November 14th. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s dividend payout ratio (DPR) is presently 49.32%.

Analysts Set New Price Targets

Several equities analysts have commented on XOM shares. The Goldman Sachs Group increased their target price on shares of Exxon Mobil from $118.00 to $120.00 in a research report on Thursday, October 31st. Sanford C. Bernstein lowered their target price on shares of Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 17th. Bank of America started coverage on shares of Exxon Mobil in a research report on Thursday, October 17th. They set a “neutral” rating and a $124.00 target price on the stock. BNP Paribas downgraded shares of Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 target price on the stock. in a research report on Wednesday, October 9th. Finally, Morgan Stanley lowered their target price on shares of Exxon Mobil from $142.00 to $140.00 in a research report on Thursday, October 31st. One research analyst has rated the stock with a sell rating, eight have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Exxon Mobil has an average rating of “Moderate Buy” and a consensus target price 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.