Bernard Wealth Management Corp. Makes New $1.09 Million Investment in Exxon Mobil Co. (NYSE:XOM)

Bernard Wealth Management Corp. acquired a new position in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 10,720 shares of the oil and gas company's stock, valued at approximately $1,091,000.

Other hedge funds also recently made changes to their positions in the company. Principal Financial Group Inc. boosted its position in shares of Exxon Mobil by 8.4% in the third quarter. Principal Financial Group Inc. now owns 6,709,202 shares of the oil and gas company's stock worth $786,453,000 after buying an additional 521,932 shares during the period. United Bank grew its position in Exxon Mobil by 3.7% in the third quarter. United Bank now owns 17,920 shares of the oil and gas company's stock valued at $2,101,000 after acquiring an additional 641 shares in the last quarter. Raab & Moskowitz Asset Management LLC raised its stake in shares of Exxon Mobil by 0.7% during the third quarter. Raab & Moskowitz Asset Management LLC now owns 23,325 shares of the oil and gas company's stock valued at $2,734,000 after purchasing an additional 173 shares during the period. Nomura Asset Management Co. Ltd. lifted its position in shares of Exxon Mobil by 7.0% during the third quarter. Nomura Asset Management Co. Ltd. now owns 2,113,715 shares of the oil and gas company's stock worth $247,770,000 after purchasing an additional 139,067 shares in the last quarter. Finally, EWA LLC boosted its stake in shares of Exxon Mobil by 25.9% in the third quarter. EWA LLC now owns 6,314 shares of the oil and gas company's stock valued at $761,000 after purchasing an additional 1,299 shares during the period. Institutional investors and hedge funds own 61.80% of the company's stock.

Exxon Mobil Price Performance

XOM traded up $3.12 on Friday, reaching $103.05. The company had a trading volume of 22,869,206 shares, compared to its average volume of 16,005,429. Exxon Mobil Co. has a one year low of $97.80 and a one year high of $126.34. The company has a market capitalization of $447.13 billion, a P/E ratio of 13.14, a PEG ratio of 3.02 and a beta of 0.61. The company has a fifty day moving average of $110.33 and a 200-day moving average of $113.19. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced 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 return on equity of 12.92% and a net margin of 9.63%. During the same period in the prior year, the firm posted $2.48 EPS. As a group, equities research analysts anticipate that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Wednesday, February 12th were issued a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 3.84%. The ex-dividend date was Wednesday, February 12th. Exxon Mobil's payout ratio is currently 50.51%.

Insiders Place Their Bets

In related 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 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. The trade was a 10.40 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.03% of the stock is owned by company insiders.

Analyst Ratings Changes

XOM has been the topic of a number of recent analyst reports. Scotiabank cut their price objective on shares of Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating on the stock in a report on Friday. TD Cowen reduced their price target on Exxon Mobil from $132.00 to $128.00 and set a "buy" rating for the company in a report on Monday, December 16th. HSBC lowered their price objective on Exxon Mobil from $125.00 to $123.00 and set a "hold" rating for the company in a research note on Friday, January 31st. Barclays reduced their target price on Exxon Mobil from $137.00 to $135.00 and set an "overweight" rating for the company in a research note on Tuesday, March 18th. Finally, Morgan Stanley dropped their price target on shares of Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating for the company in a research note on Thursday, March 27th. 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 stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $126.95.

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.