Peterson Wealth Advisors LLC Grows Stock Position in Exxon Mobil Co. (NYSE:XOM)

Peterson Wealth Advisors LLC grew its position in shares of Exxon Mobil Co. (NYSE:XOM) by 1.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,522 shares of the oil and gas company’s stock after buying an additional 389 shares during the period. Exxon Mobil accounts for 0.4% of Peterson Wealth Advisors LLC’s investment portfolio, making the stock its 26th largest position. Peterson Wealth Advisors LLC’s holdings in Exxon Mobil were worth $2,429,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. AXA S.A. increased its stake in shares of Exxon Mobil by 18.5% in the second quarter. AXA S.A. now owns 130,996 shares of the oil and gas company’s stock worth $15,080,000 after purchasing an additional 20,475 shares in the last quarter. Beaird Harris Wealth Management LLC grew its stake in Exxon Mobil by 297.3% in the 2nd quarter. Beaird Harris Wealth Management LLC now owns 35,145 shares of the oil and gas company’s stock valued at $4,046,000 after buying an additional 26,300 shares in the last quarter. Comerica Bank raised its holdings in Exxon Mobil by 5.4% during the 2nd quarter. Comerica Bank now owns 1,570,767 shares of the oil and gas company’s stock valued at $180,827,000 after acquiring an additional 80,818 shares during the period. Oliver Lagore Vanvalin Investment Group boosted its holdings in shares of Exxon Mobil by 24.4% in the second quarter. Oliver Lagore Vanvalin Investment Group now owns 4,770 shares of the oil and gas company’s stock worth $549,000 after acquiring an additional 937 shares during the period. Finally, Arkos Global Advisors grew its position in shares of Exxon Mobil by 21.8% in the second quarter. Arkos Global Advisors now owns 4,124 shares of the oil and gas company’s stock valued at $475,000 after purchasing an additional 737 shares in the last quarter. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Trading Down 1.4 %

Shares of XOM opened at $108.64 on Friday. 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 fifty-two week low of $99.61 and a fifty-two week high of $126.34. The firm has a 50 day moving average price of $111.56 and a 200-day moving average price of $115.38. The firm has a market cap of $477.48 billion, a price-to-earnings ratio of 13.53, a PEG ratio of 2.86 and a beta of 0.91.

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

Exxon Mobil Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th were given a $0.99 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $3.96 annualized dividend and a yield of 3.65%. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s payout ratio is presently 49.32%.

Analysts Set New Price Targets

XOM has been the subject of several analyst reports. TD Cowen cut their target price on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating for the company in a research note on Monday, December 16th. BMO Capital Markets raised their price objective on shares of Exxon Mobil from $127.00 to $130.00 and gave the company a “market perform” rating in a research report on Friday, October 4th. The Goldman Sachs Group upped their target price on shares of Exxon Mobil from $118.00 to $120.00 in a report on Thursday, October 31st. BNP Paribas downgraded shares of Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price target for the company. in a report on Wednesday, October 9th. Finally, Barclays reduced their price target on shares of Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating for the company in a research report on Thursday, October 3rd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus 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.