Opal Wealth Advisors LLC Raises Position in Exxon Mobil Co. (NYSE:XOM)

Opal Wealth Advisors LLC lifted its stake in Exxon Mobil Co. (NYSE:XOM) by 5.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,841 shares of the oil and gas company’s stock after buying an additional 488 shares during the period. Opal Wealth Advisors LLC’s holdings in Exxon Mobil were worth $1,059,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of XOM. Wingate Wealth Advisors Inc. purchased a new position in Exxon Mobil in the fourth quarter valued at about $746,000. Comprehensive Financial Planning Inc. PA purchased a new position in Exxon Mobil in the fourth quarter valued at about $302,000. Wagner Wealth Management LLC boosted its holdings in Exxon Mobil by 4.5% in the fourth quarter. Wagner Wealth Management LLC now owns 14,293 shares of the oil and gas company’s stock valued at $1,538,000 after purchasing an additional 617 shares during the last quarter. MFA Wealth Advisors LLC boosted its holdings in Exxon Mobil by 5.1% in the fourth quarter. MFA Wealth Advisors LLC now owns 41,705 shares of the oil and gas company’s stock valued at $4,486,000 after purchasing an additional 2,009 shares during the last quarter. Finally, Canvas Wealth Advisors LLC boosted its holdings in Exxon Mobil by 4.0% in the fourth quarter. Canvas Wealth Advisors LLC now owns 4,464 shares of the oil and gas company’s stock valued at $480,000 after purchasing an additional 173 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Insider Activity

In other news, VP Darrin L. Talley sold 2,100 shares of Exxon Mobil stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total transaction of $231,000.00. Following the transaction, the vice president now directly owns 18,087 shares in the company, valued at approximately $1,989,570. This trade represents a 10.40 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.03% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on XOM. Mizuho reduced their price target on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating for the company in a report on Monday, December 16th. Bernstein Bank increased their target price on Exxon Mobil from $138.00 to $144.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. BMO Capital Markets reduced their target price on Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating on the stock in a report on Friday, January 31st. HSBC reduced their target price on Exxon Mobil from $125.00 to $123.00 and set a “hold” rating on the stock in a report on Friday, January 31st. Finally, Wolfe Research increased their target price on Exxon Mobil from $137.00 to $138.00 in a report on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $129.25.

Exxon Mobil Stock Up 0.7 %

XOM opened at $108.10 on Friday. Exxon Mobil Co. has a 12 month low of $100.42 and a 12 month high of $126.34. 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 stock has a market cap of $475.10 billion, a P/E ratio of 13.79, a P/E/G ratio of 2.94 and a beta of 0.89. The stock’s 50 day moving average price is $109.02 and its 200 day moving average price is $114.83.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, January 31st. The oil and gas company reported $1.67 EPS for the quarter, missing the consensus estimate of $1.77 by ($0.10). Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. During the same period last year, the firm earned $2.48 earnings per share. As a group, research analysts predict that Exxon Mobil Co. will post 7.37 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Wednesday, February 12th will be given a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.66%. The ex-dividend date of this dividend is Wednesday, February 12th. Exxon Mobil’s dividend payout ratio is currently 50.51%.

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.