Johnson & White Wealth Management LLC Has $1.29 Million Position in Exxon Mobil Co. (NYSE:XOM)

Johnson & White Wealth Management LLC lifted its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 4.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,011 shares of the oil and gas company’s stock after purchasing an additional 489 shares during the quarter. Johnson & White Wealth Management LLC’s holdings in Exxon Mobil were worth $1,289,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. Fairway Wealth LLC acquired a new stake in shares of Exxon Mobil during the second quarter valued at about $35,000. Fairscale Capital LLC bought a new position in Exxon Mobil in the 2nd quarter valued at approximately $39,000. Hershey Financial Advisers LLC acquired a new stake in Exxon Mobil during the 2nd quarter worth approximately $46,000. Peterson Financial Group Inc. acquired a new stake in Exxon Mobil during the 3rd quarter worth approximately $51,000. Finally, Highline Wealth Partners LLC bought a new stake in Exxon Mobil during the 3rd quarter worth approximately $54,000. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Price Performance

Shares of NYSE XOM opened at $109.68 on Wednesday. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. The firm’s 50-day moving average price is $113.12 and its 200-day moving average price is $115.58. The firm has a market capitalization of $482.05 billion, a P/E ratio of 13.66, a P/E/G ratio of 4.65 and a beta of 0.91. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $126.34.

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 for the quarter, topping analysts’ consensus estimates of $1.91 by $0.01. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The business had revenue of $90.02 billion for the quarter, compared to the consensus estimate of $93.98 billion. During the same period in the prior year, the business earned $2.27 EPS. The firm’s revenue for the quarter was down .8% on a year-over-year basis. Equities research analysts anticipate that Exxon Mobil Co. will post 7.95 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Thursday, November 14th were issued a $0.99 dividend. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.61%. The ex-dividend date was Thursday, November 14th. Exxon Mobil’s dividend payout ratio (DPR) is currently 49.32%.

Wall Street Analysts Forecast Growth

XOM has been the topic of a number of recent research reports. BMO Capital Markets lifted their price target on shares of Exxon Mobil from $127.00 to $130.00 and gave the stock a “market perform” rating in a report on Friday, October 4th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $115.00 target price on shares of Exxon Mobil in a report on Thursday, December 12th. BNP Paribas lowered Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price target on the stock. in a research report on Wednesday, October 9th. Mizuho lowered their price objective on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating for the company in a research report on Monday, December 16th. Finally, Redburn Atlantic reiterated a “neutral” rating and issued a $120.00 target price (up from $119.00) on shares of Exxon Mobil in a report on Tuesday, September 24th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $128.84.

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.