Brophy Wealth Management LLC Purchases New Position in Exxon Mobil Co. (NYSE:XOM)

Brophy Wealth Management LLC bought a new stake in Exxon Mobil Co. (NYSE:XOM - Free Report) during the third quarter, according to its most recent disclosure with the SEC. The firm bought 7,873 shares of the oil and gas company's stock, valued at approximately $923,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Patron Partners LLC lifted its stake in shares of Exxon Mobil by 7.4% in the 2nd quarter. Patron Partners LLC now owns 37,297 shares of the oil and gas company's stock worth $4,294,000 after acquiring an additional 2,564 shares during the period. Global Wealth Management Investment Advisory Inc. grew its stake in Exxon Mobil by 10.7% in the 3rd quarter. Global Wealth Management Investment Advisory Inc. now owns 47,195 shares of the oil and gas company's stock valued at $5,532,000 after acquiring an additional 4,578 shares during the last quarter. YHB Investment Advisors Inc. lifted its stake in Exxon Mobil by 5.9% in the 2nd quarter. YHB Investment Advisors Inc. now owns 32,751 shares of the oil and gas company's stock valued at $3,770,000 after buying an additional 1,836 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in shares of Exxon Mobil by 79.4% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 859,226 shares of the oil and gas company's stock valued at $98,914,000 after acquiring an additional 380,399 shares during the last quarter. Finally, Blair William & Co. IL raised its stake in Exxon Mobil by 64.6% in the 2nd quarter. Blair William & Co. IL now owns 967,618 shares of the oil and gas company's stock valued at $111,392,000 after purchasing an additional 379,747 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company's stock.

Exxon Mobil Price Performance

Shares of XOM stock traded up $0.49 during mid-day trading on Tuesday, hitting $113.39. 10,741,657 shares of the stock traded hands, compared to its average volume of 16,207,723. The company's 50-day simple moving average is $119.68 and its 200-day simple moving average is $116.47. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $126.34. The firm has a market cap of $498.36 billion, a price-to-earnings ratio of 14.09, a price-to-earnings-growth ratio of 4.77 and a beta of 0.89. 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 (NYSE:XOM - Get Free Report) last released its earnings results on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, topping analysts' consensus estimates of $1.91 by $0.01. The business had revenue of $90.02 billion for the quarter, compared to the consensus estimate of $93.98 billion. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The business's revenue for the quarter was down .8% on a year-over-year basis. During the same period in the previous year, the firm earned $2.27 EPS. As a group, equities research analysts expect that Exxon Mobil Co. will post 7.94 earnings per share for the current year.

Exxon Mobil Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th will be given a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.49%. This is a boost from Exxon Mobil's previous quarterly dividend of $0.95. The ex-dividend date of this dividend is Thursday, November 14th. Exxon Mobil's payout ratio is presently 49.32%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on XOM shares. Wolfe Research lifted their price objective on Exxon Mobil from $137.00 to $138.00 in a research report on Thursday, October 31st. Wells Fargo & Company increased their price target on Exxon Mobil from $135.00 to $136.00 and gave the company an "overweight" rating in a report on Friday, September 27th. BNP Paribas lowered Exxon Mobil from a "neutral" rating to an "underperform" rating and set a $105.00 target price for the company. in a research note on Wednesday, October 9th. Barclays reduced their price target on Exxon Mobil from $142.00 to $137.00 and set an "overweight" rating on the stock in a research report on Thursday, October 3rd. Finally, Redburn Atlantic reaffirmed a "neutral" rating and set a $120.00 price target (up previously from $119.00) on shares of Exxon Mobil in a research note on Tuesday, September 24th. One analyst has rated the stock with a sell rating, eight have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $129.95.

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.