Momentous Wealth Management Inc. Invests $347,000 in Exxon Mobil Co. (NYSE:XOM)

Momentous Wealth Management Inc. acquired a new stake in Exxon Mobil Co. (NYSE:XOM - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 3,226 shares of the oil and gas company's stock, valued at approximately $347,000. Exxon Mobil comprises about 0.3% of Momentous Wealth Management Inc.'s portfolio, making the stock its 21st biggest holding.

Several other institutional investors have also added to or reduced their stakes in XOM. Aire Advisors LLC raised its stake in Exxon Mobil by 75.0% during the fourth quarter. Aire Advisors LLC now owns 10,287 shares of the oil and gas company's stock worth $1,107,000 after acquiring an additional 4,408 shares in the last quarter. Bay Capital Advisors LLC acquired a new position in Exxon Mobil during the 4th quarter worth approximately $739,000. PKS Advisory Services LLC bought a new position in Exxon Mobil in the 4th quarter valued at approximately $1,049,000. Prestige Wealth Management Group LLC boosted its position in Exxon Mobil by 1.2% in the fourth quarter. Prestige Wealth Management Group LLC now owns 25,322 shares of the oil and gas company's stock valued at $2,724,000 after buying an additional 306 shares in the last quarter. Finally, Syverson Strege & Co grew its stake in shares of Exxon Mobil by 16.0% during the fourth quarter. Syverson Strege & Co now owns 4,686 shares of the oil and gas company's stock worth $504,000 after buying an additional 647 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. BMO Capital Markets dropped their price target on Exxon Mobil from $130.00 to $123.00 and set a "market perform" rating for the company in a research note on Friday, January 31st. UBS Group cut their price target on Exxon Mobil from $149.00 to $147.00 and set a "buy" rating on the stock in a research note on Thursday, December 12th. JPMorgan Chase & Co. lowered their price objective on Exxon Mobil from $130.00 to $125.00 and set an "overweight" rating for the company in a research note on Monday, December 16th. Morgan Stanley lifted their target price on shares of Exxon Mobil from $139.00 to $140.00 in a research report on Friday, January 31st. Finally, TD Cowen decreased their price target on shares of Exxon Mobil from $132.00 to $128.00 and set a "buy" rating for the company in a research report on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Exxon Mobil currently has a consensus rating of "Moderate Buy" and a consensus price target of $129.15.

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Insider Buying and Selling at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,100 shares of the stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total value of $231,000.00. Following the transaction, the vice president now directly owns 18,087 shares in the company, valued at $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 is available at this link. Insiders own 0.03% of the company's stock.

Exxon Mobil Trading Up 0.7 %

Shares of XOM stock traded up $0.81 during trading hours on Tuesday, hitting $116.61. 12,080,693 shares of the company were exchanged, compared to its average volume of 14,963,363. The company has a 50 day simple moving average of $110.36 and a two-hundred day simple moving average of $113.61. The firm has a market cap of $505.99 billion, a P/E ratio of 14.87, a P/E/G ratio of 3.02 and a beta of 0.83. 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.

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

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th were issued a $0.99 dividend. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $3.96 annualized dividend and a yield of 3.40%. Exxon Mobil's payout ratio is currently 50.51%.

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.