Exxon Mobil Co. (NYSE:XOM) Shares Purchased by Avitas Wealth Management LLC

Avitas Wealth Management LLC boosted its holdings in Exxon Mobil Co. (NYSE:XOM) by 0.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 55,615 shares of the oil and gas company’s stock after buying an additional 203 shares during the quarter. Exxon Mobil comprises about 0.8% of Avitas Wealth Management LLC’s investment portfolio, making the stock its 28th largest holding. Avitas Wealth Management LLC’s holdings in Exxon Mobil were worth $5,983,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Retirement Wealth Solutions LLC acquired a new stake in shares of Exxon Mobil during the fourth quarter valued at $46,000. Peterson Financial Group Inc. acquired a new stake in Exxon Mobil in the 3rd quarter worth about $51,000. Highline Wealth Partners LLC acquired a new stake in Exxon Mobil in the 3rd quarter worth about $54,000. Harbor Capital Advisors Inc. purchased a new position in shares of Exxon Mobil in the 3rd quarter worth about $63,000. Finally, Annapolis Financial Services LLC raised its holdings in shares of Exxon Mobil by 284.9% in the 3rd quarter. Annapolis Financial Services LLC now owns 766 shares of the oil and gas company’s stock worth $90,000 after purchasing an additional 567 shares during the period. 61.80% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, VP Darrin L. Talley sold 2,100 shares of the business’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total transaction of $231,000.00. Following the sale, the vice president now owns 18,087 shares in the company, valued at $1,989,570. The trade was a 10.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.03% of the stock is owned by company insiders.

Exxon Mobil Stock Up 0.4 %

NYSE XOM opened at $108.87 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. The company’s 50 day simple moving average is $109.59 and its 200 day simple moving average is $115.00. Exxon Mobil Co. has a 12 month low of $100.42 and a 12 month high of $126.34. The company has a market capitalization of $478.49 billion, a P/E ratio of 13.89, a PEG ratio of 2.79 and a beta of 0.89.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, January 31st. The oil and gas company reported $1.67 EPS for the quarter, missing analysts’ consensus estimates of $1.77 by ($0.10). Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. During the same quarter in the prior year, the company earned $2.48 earnings per share. Equities research analysts expect that Exxon Mobil Co. will post 7.65 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th will be issued a dividend of $0.99 per share. The ex-dividend date is Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.64%. Exxon Mobil’s dividend payout ratio is currently 50.51%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on XOM shares. Argus upgraded Exxon Mobil to a “strong-buy” rating in a report on Tuesday. Bernstein Bank lifted their target price on Exxon Mobil from $138.00 to $144.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. BMO Capital Markets reduced their price objective on Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating for the company in a research report on Friday, January 31st. The Goldman Sachs Group reduced their price objective on Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. Finally, TD Cowen reduced their price target on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating for the company in a research report on Monday, December 16th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $129.25.

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.