Widmann Financial Services Inc. Grows Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Widmann Financial Services Inc. increased its holdings in Exxon Mobil Co. (NYSE:XOM) by 0.3% during the third quarter, HoldingsChannel reports. The institutional investor owned 28,477 shares of the oil and gas company’s stock after acquiring an additional 97 shares during the quarter. Exxon Mobil comprises 2.5% of Widmann Financial Services Inc.’s investment portfolio, making the stock its 10th biggest position. Widmann Financial Services Inc.’s holdings in Exxon Mobil were worth $3,338,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Fairway Wealth LLC purchased a new position in shares of Exxon Mobil during the second quarter worth about $35,000. Anfield Capital Management LLC grew its stake in Exxon Mobil by 360.0% in the 2nd quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock worth $37,000 after buying an additional 252 shares in the last quarter. Fairscale Capital LLC bought a new position in shares of Exxon Mobil in the 2nd quarter worth $39,000. POM Investment Strategies LLC raised its position in shares of Exxon Mobil by 918.9% during the 2nd quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock valued at $43,000 after buying an additional 340 shares in the last quarter. Finally, Hershey Financial Advisers LLC bought a new stake in shares of Exxon Mobil during the 2nd quarter worth $46,000. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Price Performance

XOM opened at $117.96 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. The stock has a market capitalization of $518.45 billion, a PE ratio of 14.69, a price-to-earnings-growth ratio of 4.94 and a beta of 0.90. The stock’s 50 day moving average price is $119.76 and its 200-day moving average price is $116.57. Exxon Mobil Co. has a 52-week low of $95.77 and a 52-week high of $126.34.

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 (EPS) for the quarter, beating analysts’ consensus estimates of $1.91 by $0.01. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. 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 previous year, the firm earned $2.27 EPS. The company’s quarterly revenue was down .8% compared to the same quarter last year. On average, equities research analysts predict that Exxon Mobil Co. will post 7.94 EPS for the current year.

Exxon Mobil Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Thursday, November 14th will be paid a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.36%. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date of this dividend is Thursday, November 14th. Exxon Mobil’s dividend payout ratio is presently 49.32%.

Analysts Set New Price Targets

A number of research analysts recently commented on XOM shares. BNP Paribas cut Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 target price on the stock. in a research note on Wednesday, October 9th. TD Cowen raised their price objective on Exxon Mobil from $127.00 to $132.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. The Goldman Sachs Group boosted their target price on Exxon Mobil from $118.00 to $120.00 in a research report on Thursday, October 31st. Wolfe Research lifted their price target on shares of Exxon Mobil from $137.00 to $138.00 in a research note on Thursday, October 31st. Finally, Wells Fargo & Company boosted their price objective on shares of Exxon Mobil from $135.00 to $136.00 and gave the stock an “overweight” rating in a report on Friday, September 27th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Exxon Mobil has an average rating of “Moderate Buy” and a consensus target price of $129.95.

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.