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

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

Several other institutional investors and hedge funds have also bought and sold shares of the business. Hershey Financial Advisers LLC purchased a new stake in Exxon Mobil in the second quarter worth $46,000. Retirement Wealth Solutions LLC purchased a new stake in shares of Exxon Mobil in the 4th quarter worth about $46,000. Peterson Financial Group Inc. bought a new stake in shares of Exxon Mobil during the 3rd quarter valued at about $51,000. Highline Wealth Partners LLC purchased a new position in shares of Exxon Mobil during the third quarter valued at about $54,000. Finally, Harbor Capital Advisors Inc. bought a new position in Exxon Mobil in the third quarter worth about $63,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Scotiabank raised Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and increased their target price for the stock from $129.00 to $145.00 in a research report on Thursday, October 10th. Morgan Stanley dropped their target price on shares of Exxon Mobil from $142.00 to $140.00 in a report on Thursday, October 31st. UBS Group decreased their price target on shares of Exxon Mobil from $149.00 to $147.00 and set a “buy” rating for the company in a research note on Thursday, December 12th. JPMorgan Chase & Co. decreased their target price on shares of Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating for the company in a research note on Monday, December 16th. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $115.00 price target on shares of Exxon Mobil in a research note on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Exxon Mobil has a consensus rating of “Moderate Buy” and a consensus price target of $128.84.

Exxon Mobil Price Performance

Shares of NYSE:XOM opened at $108.64 on Friday. The firm’s 50 day moving average price is $111.56 and its 200-day moving average price is $115.38. The company has a quick ratio of 1.01, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $477.48 billion, a PE ratio of 13.53, a price-to-earnings-growth ratio of 2.86 and a beta of 0.91. Exxon Mobil Co. has a twelve month low of $99.61 and a twelve month high of $126.34.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, topping the consensus estimate of $1.91 by $0.01. The business had revenue of $90.02 billion for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter last year, the company posted $2.27 EPS. Equities research analysts expect that Exxon Mobil Co. will post 7.77 EPS for the current year.

Exxon Mobil Increases Dividend

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

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.