MFA Wealth Services Acquires New Position in Exxon Mobil Co. (NYSE:XOM)

MFA Wealth Services purchased a new position in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 5,294 shares of the oil and gas company's stock, valued at approximately $569,000.

Several other hedge funds have also recently modified their holdings of XOM. Hershey Financial Advisers LLC acquired a new stake in Exxon Mobil in the 2nd quarter valued at about $46,000. Retirement Wealth Solutions LLC acquired a new stake in Exxon Mobil in the 4th quarter valued at about $46,000. Peterson Financial Group Inc. acquired a new stake in Exxon Mobil in the 3rd quarter valued at about $51,000. Highline Wealth Partners LLC acquired a new stake in Exxon Mobil in the 3rd quarter valued at about $54,000. Finally, Harbor Capital Advisors Inc. acquired a new stake in Exxon Mobil in the 3rd quarter valued at about $63,000. Institutional investors and hedge funds own 61.80% of the company's stock.

Wall Street Analysts Forecast Growth

XOM has been the subject of a number of recent analyst reports. Scotiabank upgraded shares of Exxon Mobil from a "sector perform" rating to a "sector outperform" rating and raised their price target for the stock from $129.00 to $145.00 in a report on Thursday, October 10th. BNP Paribas downgraded shares of Exxon Mobil from a "neutral" rating to an "underperform" rating and set a $105.00 price target for the company. in a report on Wednesday, October 9th. Royal Bank of Canada restated a "sector perform" rating and set a $115.00 price target on shares of Exxon Mobil in a report on Thursday, December 12th. Morgan Stanley lowered their price objective on shares of Exxon Mobil from $142.00 to $140.00 in a research report on Thursday, October 31st. Finally, The Goldman Sachs Group increased their price objective on shares of Exxon Mobil from $118.00 to $120.00 in a research report on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $128.84.

Exxon Mobil Price Performance

XOM traded up $1.50 on Monday, hitting $110.16. 15,921,216 shares of the company were exchanged, compared to its average volume of 15,300,182. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.35. The business's fifty day moving average is $111.56 and its 200 day moving average is $115.44. Exxon Mobil Co. has a fifty-two week low of $100.42 and a fifty-two week high of $126.34. The firm has a market capitalization of $484.16 billion, a P/E ratio of 13.72, a price-to-earnings-growth ratio of 2.86 and a beta of 0.91.

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 the consensus estimate of $1.91 by $0.01. The company had revenue of $90.02 billion for 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%. The firm's revenue for the quarter was down .8% compared to the same quarter last year. During the same period in the prior year, the business posted $2.27 earnings per share. As a group, sell-side analysts anticipate that Exxon Mobil Co. will post 7.77 EPS for the current year.

Exxon Mobil Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th were given a $0.99 dividend. The ex-dividend date was Thursday, November 14th. This is a positive change from Exxon Mobil's previous quarterly dividend of $0.95. This represents a $3.96 annualized dividend and a dividend yield of 3.59%. Exxon Mobil's dividend payout ratio is currently 49.32%.

Exxon Mobil 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.