Bridgewealth Advisory Group LLC Decreases Stock Position in Exxon Mobil Co. (NYSE:XOM)

Bridgewealth Advisory Group LLC lowered its stake in shares of Exxon Mobil Co. (NYSE:XOMFree Report) by 4.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,035 shares of the oil and gas company’s stock after selling 368 shares during the quarter. Exxon Mobil comprises 1.2% of Bridgewealth Advisory Group LLC’s holdings, making the stock its 20th largest holding. Bridgewealth Advisory Group LLC’s holdings in Exxon Mobil were worth $945,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. KB Financial Partners LLC acquired a new stake in Exxon Mobil in the first quarter worth about $27,000. IMA Wealth Inc. raised its stake in shares of Exxon Mobil by 720.0% in the second quarter. IMA Wealth Inc. now owns 369 shares of the oil and gas company’s stock worth $40,000 after purchasing an additional 324 shares during the last quarter. FWL Investment Management LLC purchased a new position in shares of Exxon Mobil in the fourth quarter worth about $43,000. Turim 21 Investimentos Ltda. raised its stake in shares of Exxon Mobil by 222.5% in the first quarter. Turim 21 Investimentos Ltda. now owns 574 shares of the oil and gas company’s stock worth $47,000 after purchasing an additional 396 shares during the last quarter. Finally, DHJJ Financial Advisors Ltd. purchased a new position in shares of Exxon Mobil in the third quarter worth about $49,000. Institutional investors and hedge funds own 58.53% of the company’s stock.

Exxon Mobil Trading Up 0.9 %

Shares of Exxon Mobil stock traded up $0.90 during trading hours on Monday, hitting $102.67. The company’s stock had a trading volume of 3,510,751 shares, compared to its average volume of 18,680,521. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $120.70. The firm has a fifty day moving average of $100.75 and a 200-day moving average of $106.36. The stock has a market cap of $406.87 billion, a price-to-earnings ratio of 11.45, a P/E/G ratio of 3.61 and a beta of 0.97. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.09 and a current ratio of 1.48.

Exxon Mobil (NYSE:XOMGet Free Report) last announced its quarterly 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. Exxon Mobil had a return on equity of 18.51% and a net margin of 10.45%. The business had revenue of $84.34 billion for the quarter, compared to analyst estimates of $90.03 billion. During the same quarter in the prior year, the company posted $3.40 EPS. The company’s quarterly revenue was down 11.6% on a year-over-year basis. Research analysts forecast that Exxon Mobil Co. will post 9.39 EPS for the current year.

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 11th. Investors of record on Wednesday, February 14th will be paid a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 3.70%. The ex-dividend date is Tuesday, February 13th. Exxon Mobil’s payout ratio is 42.74%.

Analysts Set New Price Targets

XOM has been the subject of several research analyst reports. Sanford C. Bernstein initiated coverage on Exxon Mobil in a research note on Tuesday, October 17th. They issued an “outperform” rating and a $140.00 price objective for the company. Royal Bank of Canada restated a “sector perform” rating and issued a $120.00 price objective on shares of Exxon Mobil in a research note on Monday, February 5th. Redburn Atlantic upgraded Exxon Mobil from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $116.00 to $119.00 in a research note on Tuesday, January 9th. TD Cowen upgraded Exxon Mobil from a “market perform” rating to an “outperform” rating and set a $115.00 price target for the company in a research report on Tuesday, January 23rd. Finally, JPMorgan Chase & Co. reduced their price target on Exxon Mobil from $134.00 to $127.00 and set an “overweight” rating for the company in a research report on Friday, December 8th. Nine analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $127.53.

Check Out Our Latest Analysis on XOM

Insider Buying and Selling

In other Exxon Mobil news, Director Jeffrey W. Ubben sold 2,077,000 shares of Exxon Mobil stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $104.06, for a total value of $216,132,620.00. Following the transaction, the director now directly owns 13,000 shares in the company, valued at approximately $1,352,780. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Exxon Mobil news, Director Jeffrey W. Ubben sold 2,077,000 shares of Exxon Mobil stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $104.06, for a total value of $216,132,620.00. Following the transaction, the director now directly owns 13,000 shares in the company, valued at approximately $1,352,780. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Leonard M. Fox sold 12,000 shares of the firm’s stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $102.65, for a total value of $1,231,800.00. Following the completion of the sale, the vice president now directly owns 220,678 shares of the company’s stock, valued at $22,652,596.70. The disclosure for this sale can be found here. 0.04% of the stock is owned by corporate insiders.

Exxon Mobil Profile

(Free Report)

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.

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

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