Uniting Wealth Partners LLC Buys New Holdings in Exxon Mobil Co. (NYSE:XOM)

Uniting Wealth Partners LLC acquired a new position in Exxon Mobil Co. (NYSE:XOM - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 44,758 shares of the oil and gas company's stock, valued at approximately $4,815,000. Exxon Mobil comprises about 2.3% of Uniting Wealth Partners LLC's investment portfolio, making the stock its 9th largest position.

A number of other institutional investors have also recently bought and sold shares of XOM. Grant Private Wealth Management Inc purchased a new position in Exxon Mobil in the fourth quarter valued at about $461,000. Selway Asset Management bought a new stake in shares of Exxon Mobil in the 4th quarter worth approximately $325,000. Arete Wealth Advisors LLC lifted its stake in Exxon Mobil by 22.9% in the fourth quarter. Arete Wealth Advisors LLC now owns 68,246 shares of the oil and gas company's stock valued at $7,342,000 after purchasing an additional 12,694 shares during the last quarter. World Investment Advisors grew its holdings in Exxon Mobil by 19.6% during the fourth quarter. World Investment Advisors now owns 148,604 shares of the oil and gas company's stock valued at $15,985,000 after purchasing an additional 24,319 shares during the period. Finally, Martin Worley Group purchased a new stake in Exxon Mobil in the fourth quarter worth $497,000. Institutional investors own 61.80% of the company's stock.

Wall Street Analysts Forecast Growth

XOM has been the topic of a number of recent research reports. Scotiabank dropped their price target on Exxon Mobil from $145.00 to $140.00 in a research report on Friday, January 31st. HSBC dropped their price objective on shares of Exxon Mobil from $125.00 to $123.00 and set a "hold" rating on the stock in a report on Friday, January 31st. Morgan Stanley reduced their target price 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. BMO Capital Markets dropped their price target on shares of Exxon Mobil from $130.00 to $123.00 and set a "market perform" rating on the stock in a research note on Friday, January 31st. Finally, Mizuho reduced their price objective on shares of Exxon Mobil from $131.00 to $129.00 and set a "neutral" rating for the company in a research note on Thursday. One analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, Exxon Mobil presently has a consensus rating of "Moderate Buy" and an average price target of $128.80.

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Insider Activity at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total transaction 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.03% of the stock is currently owned by insiders.

Exxon Mobil Price Performance

XOM stock traded down $6.31 during midday trading on Thursday, reaching $112.36. The company had a trading volume of 21,185,561 shares, compared to its average volume of 15,714,152. The firm has a 50-day moving average price of $111.25 and a 200-day moving average price of $113.87. The company has a market capitalization of $487.53 billion, a P/E ratio of 14.33, a P/E/G ratio of 3.02 and a beta of 0.60. Exxon Mobil Co. has a 1 year low of $103.67 and a 1 year high of $126.34. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (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 quarter in the previous year, the business earned $2.48 earnings per share. On average, research analysts anticipate that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th were given a dividend of $0.99 per share. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $3.96 annualized dividend and a dividend yield of 3.52%. Exxon Mobil's dividend payout ratio (DPR) is presently 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.