Heritage Wealth Management Inc. CA Buys 619 Shares of Exxon Mobil Co. (NYSE:XOM)

Heritage Wealth Management Inc. CA grew its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 18.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 3,973 shares of the oil and gas company’s stock after acquiring an additional 619 shares during the quarter. Heritage Wealth Management Inc. CA’s holdings in Exxon Mobil were worth $427,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Zions Bancorporation N.A. lifted its holdings in shares of Exxon Mobil by 155.7% during the 4th quarter. Zions Bancorporation N.A. now owns 48,804 shares of the oil and gas company’s stock worth $5,250,000 after acquiring an additional 29,721 shares during the period. Teachers Insurance & Annuity Association of America raised its position in Exxon Mobil by 1,912.8% during the fourth quarter. Teachers Insurance & Annuity Association of America now owns 116,037 shares of the oil and gas company’s stock valued at $12,482,000 after purchasing an additional 110,272 shares in the last quarter. TIAA Trust National Association lifted its stake in Exxon Mobil by 1.1% during the fourth quarter. TIAA Trust National Association now owns 525,961 shares of the oil and gas company’s stock worth $56,574,000 after purchasing an additional 5,646 shares during the last quarter. FineMark National Bank & Trust lifted its stake in Exxon Mobil by 1.5% during the fourth quarter. FineMark National Bank & Trust now owns 166,732 shares of the oil and gas company’s stock worth $17,935,000 after purchasing an additional 2,521 shares during the last quarter. Finally, Prospect Financial Group LLC bought a new position in shares of Exxon Mobil in the 4th quarter valued at $338,000. 61.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

XOM has been the subject of several recent analyst reports. Barclays dropped their price objective on Exxon Mobil from $137.00 to $135.00 and set an “overweight” rating for the company in a research report on Tuesday, March 18th. The Goldman Sachs Group dropped their target price on shares of Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating for the company in a report on Friday, January 31st. JPMorgan Chase & Co. decreased their price target on shares of Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating on the stock in a report on Monday, December 16th. Argus raised shares of Exxon Mobil to a “strong-buy” rating in a research note on Tuesday, February 4th. Finally, TD Cowen decreased their target price on shares of Exxon Mobil from $132.00 to $128.00 and set a “buy” rating on the stock in a research note on Monday, December 16th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Exxon Mobil has an average rating of “Moderate Buy” and a consensus price target of $129.15.

Insiders Place Their Bets

In other news, VP Darrin L. Talley sold 2,100 shares of the firm’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 completion of the sale, the vice president now owns 18,087 shares of the company’s stock, valued at $1,989,570. This trade represents a 10.40 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 0.03% of the stock is currently owned by corporate insiders.

Exxon Mobil Stock Performance

NYSE:XOM opened at $115.81 on Tuesday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. Exxon Mobil Co. has a fifty-two week low of $103.67 and a fifty-two week high of $126.34. The company has a 50 day simple moving average of $110.22 and a two-hundred day simple moving average of $113.58. The company has a market capitalization of $502.52 billion, a PE ratio of 14.77, a P/E/G ratio of 3.02 and a beta of 0.83.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share 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 posted $2.48 EPS. Research analysts anticipate that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Wednesday, February 12th were paid a dividend of $0.99 per share. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $3.96 annualized dividend and a yield of 3.42%. Exxon Mobil’s dividend payout ratio is currently 50.51%.

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.