Buttonwood Financial Advisors Inc. Has $2.96 Million Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Buttonwood Financial Advisors Inc. lowered its position in shares of Exxon Mobil Co. (NYSE:XOM) by 1.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 27,501 shares of the oil and gas company’s stock after selling 506 shares during the quarter. Exxon Mobil accounts for 1.3% of Buttonwood Financial Advisors Inc.’s holdings, making the stock its 23rd biggest position. Buttonwood Financial Advisors Inc.’s holdings in Exxon Mobil were worth $2,958,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the business. Retirement Wealth Solutions LLC bought a new position in Exxon Mobil in the fourth quarter valued at approximately $46,000. Peterson Financial Group Inc. bought a new position in shares of Exxon Mobil in the third quarter valued at $51,000. Highline Wealth Partners LLC acquired a new position in Exxon Mobil during the third quarter worth $54,000. Harbor Capital Advisors Inc. bought a new stake in Exxon Mobil during the third quarter worth $63,000. Finally, Annapolis Financial Services LLC lifted its stake in Exxon Mobil by 284.9% in the third quarter. Annapolis Financial Services LLC now owns 766 shares of the oil and gas company’s stock valued at $90,000 after acquiring an additional 567 shares during the last quarter. 61.80% of the stock is owned by institutional investors.

Exxon Mobil Stock Performance

XOM opened at $108.69 on Thursday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.35. Exxon Mobil Co. has a 52-week low of $100.42 and a 52-week high of $126.34. The firm has a market cap of $477.69 billion, a P/E ratio of 13.54, a price-to-earnings-growth ratio of 2.86 and a beta of 0.91. The business’s fifty day moving average is $111.14 and its 200-day moving average is $115.38.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.91 by $0.01. The firm had revenue of $90.02 billion for the quarter, compared to the consensus estimate of $93.98 billion. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The business’s revenue for the quarter was down .8% on a year-over-year basis. During the same period in the prior year, the company posted $2.27 earnings per share. Sell-side analysts expect that Exxon Mobil Co. will post 7.77 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th were given 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 payout ratio is currently 49.32%.

Analyst Upgrades and Downgrades

XOM has been the topic of several recent analyst reports. Barclays lowered their price objective on shares of Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating on the stock in a research note on Thursday, October 3rd. BNP Paribas cut Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price objective for the company. in a research report on Wednesday, October 9th. Bank of America started coverage on Exxon Mobil in a report on Thursday, October 17th. They set a “neutral” rating and a $124.00 target price on the stock. Scotiabank raised Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and raised their price target for the company from $129.00 to $145.00 in a report on Thursday, October 10th. Finally, BMO Capital Markets upped their price objective on shares of Exxon Mobil from $127.00 to $130.00 and gave the company a “market perform” rating in a report on Friday, October 4th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $128.84.

Exxon Mobil Company 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.