JGP Wealth Management LLC Acquires 832 Shares of Exxon Mobil Co. (NYSE:XOM)

JGP Wealth Management LLC raised its holdings in Exxon Mobil Co. (NYSE:XOM) by 5.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 16,941 shares of the oil and gas company’s stock after acquiring an additional 832 shares during the quarter. JGP Wealth Management LLC’s holdings in Exxon Mobil were worth $1,822,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of XOM. Global Wealth Management Investment Advisory Inc. boosted its holdings in Exxon Mobil by 10.7% in the third quarter. Global Wealth Management Investment Advisory Inc. now owns 47,195 shares of the oil and gas company’s stock valued at $5,532,000 after acquiring an additional 4,578 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in shares of Exxon Mobil by 79.4% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 859,226 shares of the oil and gas company’s stock worth $98,914,000 after buying an additional 380,399 shares during the period. Massmutual Trust Co. FSB ADV increased its position in shares of Exxon Mobil by 4.7% during the third quarter. Massmutual Trust Co. FSB ADV now owns 133,140 shares of the oil and gas company’s stock worth $15,607,000 after buying an additional 5,985 shares during the period. Brooklyn Investment Group raised its stake in Exxon Mobil by 36.8% during the third quarter. Brooklyn Investment Group now owns 25,127 shares of the oil and gas company’s stock worth $2,945,000 after buying an additional 6,753 shares during the last quarter. Finally, Parthenon LLC lifted its holdings in Exxon Mobil by 2.4% in the third quarter. Parthenon LLC now owns 191,590 shares of the oil and gas company’s stock valued at $22,458,000 after buying an additional 4,445 shares during the period. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Performance

Shares of XOM opened at $112.37 on Friday. The firm has a market capitalization of $493.89 billion, a P/E ratio of 13.99, a P/E/G ratio of 2.70 and a beta of 0.91. 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 $95.77 and a 52 week high of $126.34. The stock has a 50 day moving average price of $112.73 and a two-hundred day moving average price of $115.52.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data 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 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 analysts’ expectations of $93.98 billion. During the same period last year, the business earned $2.27 EPS. The business’s revenue was down .8% on a year-over-year basis. Equities analysts forecast that Exxon Mobil Co. will post 7.86 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Thursday, November 14th were issued a dividend of $0.99 per share. The ex-dividend date was Thursday, November 14th. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 annualized dividend and a yield of 3.52%. Exxon Mobil’s payout ratio is 49.32%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on XOM. Wells Fargo & Company lifted their price objective on Exxon Mobil from $135.00 to $136.00 and gave the stock an “overweight” rating in a research report on Friday, September 27th. The Goldman Sachs Group lifted their target price on Exxon Mobil from $118.00 to $120.00 in a report on Thursday, October 31st. Scotiabank upgraded Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and increased their price target for the stock from $129.00 to $145.00 in a report on Thursday, October 10th. Barclays reduced their price objective 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. Finally, Morgan Stanley dropped their target price on shares of Exxon Mobil from $142.00 to $140.00 in a research report on Thursday, October 31st. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $128.84.

About Exxon Mobil

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.