FSA Wealth Management LLC Makes New Investment in Exxon Mobil Co. (NYSE:XOM)

FSA Wealth Management LLC bought a new position in Exxon Mobil Co. (NYSE:XOM - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 7,626 shares of the oil and gas company's stock, valued at approximately $894,000. Exxon Mobil makes up approximately 0.4% of FSA Wealth Management LLC's investment portfolio, making the stock its 20th largest holding.

Several other hedge funds have also recently modified their holdings of XOM. Lavaca Capital LLC raised its holdings in shares of Exxon Mobil by 0.4% during the third quarter. Lavaca Capital LLC now owns 53,996 shares of the oil and gas company's stock valued at $6,329,000 after purchasing an additional 200 shares during the last quarter. B&L Asset Management LLC bought a new stake in Exxon Mobil in the 3rd quarter worth approximately $1,110,000. Erste Asset Management GmbH purchased a new stake in Exxon Mobil during the 3rd quarter valued at $5,536,000. Plotkin Financial Advisors LLC purchased a new position in shares of Exxon Mobil in the 3rd quarter worth $1,265,000. Finally, Timber Creek Capital Management LLC grew its holdings in shares of Exxon Mobil by 6.3% in the third quarter. Timber Creek Capital Management LLC now owns 59,785 shares of the oil and gas company's stock worth $7,008,000 after acquiring an additional 3,556 shares during the period. Hedge funds and other institutional investors own 61.80% of the company's stock.

Analyst Ratings Changes

XOM has been the topic of a number of recent research reports. Royal Bank of Canada lowered their target price on Exxon Mobil from $120.00 to $115.00 and set a "sector perform" rating on the stock in a report on Tuesday, November 26th. JPMorgan Chase & Co. increased their price objective on shares of Exxon Mobil from $127.00 to $128.00 in a research note on Thursday, October 31st. Barclays cut their target price on shares of Exxon Mobil from $142.00 to $137.00 and set an "overweight" rating for the company in a research report on Thursday, October 3rd. Morgan Stanley decreased their price target on shares of Exxon Mobil from $142.00 to $140.00 in a research report on Thursday, October 31st. Finally, Wolfe Research boosted their price objective on shares of Exxon Mobil from $137.00 to $138.00 in a research report on Thursday, October 31st. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $129.95.

Exxon Mobil Price Performance

NYSE XOM traded up $0.30 during trading hours on Friday, reaching $117.96. The company's stock had a trading volume of 9,426,499 shares, compared to its average volume of 14,050,405. The company has a quick ratio of 1.01, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $126.34. The firm's 50-day moving average price is $119.76 and its 200-day moving average price is $116.57. The company has a market capitalization of $518.45 billion, a price-to-earnings ratio of 14.69, a PEG ratio of 4.95 and a beta of 0.90.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, topping analysts' consensus estimates of $1.91 by $0.01. The firm had revenue of $90.02 billion during the quarter, compared to analyst estimates of $93.98 billion. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. Exxon Mobil's revenue for the quarter was down .8% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.27 earnings per share. On average, equities research analysts predict that Exxon Mobil Co. will post 7.94 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th will be issued a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 3.36%. This is a boost from Exxon Mobil's previous quarterly dividend of $0.95. The ex-dividend date is Thursday, November 14th. Exxon Mobil's payout ratio is 49.32%.

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.