Flywheel Private Wealth LLC Purchases New Holdings in Exxon Mobil Co. (NYSE:XOM)

Flywheel Private Wealth LLC bought a new position in Exxon Mobil Co. (NYSE:XOM - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 2,570 shares of the oil and gas company's stock, valued at approximately $276,000.

Other hedge funds have also made changes to their positions in the company. FMR LLC lifted its position in Exxon Mobil by 0.3% during the 3rd quarter. FMR LLC now owns 151,863,649 shares of the oil and gas company's stock worth $17,801,457,000 after buying an additional 395,218 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Exxon Mobil by 1.8% in the third quarter. Geode Capital Management LLC now owns 92,194,981 shares of the oil and gas company's stock worth $10,777,735,000 after acquiring an additional 1,622,064 shares during the last quarter. Legal & General Group Plc lifted its position in shares of Exxon Mobil by 19.3% during the second quarter. Legal & General Group Plc now owns 32,308,002 shares of the oil and gas company's stock worth $3,719,296,000 after purchasing an additional 5,235,607 shares in the last quarter. Franklin Resources Inc. grew its stake in shares of Exxon Mobil by 16.3% during the third quarter. Franklin Resources Inc. now owns 31,522,556 shares of the oil and gas company's stock valued at $3,936,929,000 after purchasing an additional 4,415,012 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Exxon Mobil by 0.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 31,160,117 shares of the oil and gas company's stock valued at $3,652,589,000 after purchasing an additional 146,374 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company's stock.

Exxon Mobil Stock Up 0.9 %

NYSE XOM traded up $1.05 on Friday, reaching $112.37. The company had a trading volume of 19,031,708 shares, compared to its average volume of 14,482,704. The company's fifty day moving average is $112.73 and its 200-day moving average is $115.52. The firm has a market capitalization of $493.89 billion, a price-to-earnings ratio of 13.99, a price-to-earnings-growth ratio of 2.70 and a beta of 0.91. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.35. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its earnings results 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 return on equity of 14.73% and a net margin of 9.61%. The business had revenue of $90.02 billion for the quarter, compared to analyst estimates of $93.98 billion. During the same quarter last year, the firm earned $2.27 EPS. Exxon Mobil's revenue for the quarter was down .8% compared to the same quarter last year. On average, research analysts forecast that Exxon Mobil Co. will post 7.86 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Thursday, November 14th were issued a dividend of $0.99 per share. This is a boost from Exxon Mobil's previous quarterly dividend of $0.95. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $3.96 annualized dividend and a yield of 3.52%. Exxon Mobil's dividend payout ratio is presently 49.32%.

Analysts Set New Price Targets

XOM has been the topic of a number of recent research reports. BMO Capital Markets increased their price objective on Exxon Mobil from $127.00 to $130.00 and gave the company a "market perform" rating in a research report on Friday, October 4th. The Goldman Sachs Group lifted their price target on shares of Exxon Mobil from $118.00 to $120.00 in a research report on Thursday, October 31st. BNP Paribas cut shares of Exxon Mobil from a "neutral" rating to an "underperform" rating and set a $105.00 price objective on the stock. in a research note on Wednesday, October 9th. Redburn Atlantic reissued a "neutral" rating and issued a $120.00 price target (up previously from $119.00) on shares of Exxon Mobil in a research note on Tuesday, September 24th. Finally, Wells Fargo & Company lifted their price objective on Exxon Mobil from $135.00 to $136.00 and gave the stock an "overweight" rating in a research note on Friday, September 27th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $128.84.

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.