Wedbush Securities Inc. Raises Stock Position in Exxon Mobil Co. (NYSE:XOM)

Wedbush Securities Inc. increased its holdings in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 5.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 127,457 shares of the oil and gas company's stock after purchasing an additional 6,602 shares during the quarter. Exxon Mobil accounts for 0.5% of Wedbush Securities Inc.'s portfolio, making the stock its 24th biggest holding. Wedbush Securities Inc.'s holdings in Exxon Mobil were worth $13,711,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of XOM. West Oak Capital LLC increased its position in Exxon Mobil by 0.6% during the fourth quarter. West Oak Capital LLC now owns 16,207 shares of the oil and gas company's stock worth $1,743,000 after purchasing an additional 92 shares during the last quarter. Beacon Capital Management LLC grew its stake in shares of Exxon Mobil by 1.1% in the 4th quarter. Beacon Capital Management LLC now owns 8,582 shares of the oil and gas company's stock valued at $923,000 after buying an additional 93 shares during the period. Cadent Capital Advisors LLC increased its holdings in shares of Exxon Mobil by 0.3% during the 4th quarter. Cadent Capital Advisors LLC now owns 37,372 shares of the oil and gas company's stock worth $4,020,000 after buying an additional 94 shares during the last quarter. Lincoln Capital LLC raised its position in shares of Exxon Mobil by 1.1% during the 4th quarter. Lincoln Capital LLC now owns 8,521 shares of the oil and gas company's stock valued at $917,000 after buying an additional 94 shares during the period. Finally, Altus Wealth Group LLC lifted its holdings in Exxon Mobil by 0.9% in the fourth quarter. Altus Wealth Group LLC now owns 10,130 shares of the oil and gas company's stock valued at $1,090,000 after acquiring an additional 94 shares during the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

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Exxon Mobil Stock Down 1.6 %

NYSE XOM traded down $1.70 during trading hours on Monday, hitting $102.64. 35,061,819 shares of the company were exchanged, compared to its average volume of 15,816,987. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. The firm has a market cap of $445.38 billion, a price-to-earnings ratio of 13.09, a PEG ratio of 3.02 and a beta of 0.61. The company has a 50 day moving average of $111.16 and a two-hundred day moving average of $113.81. Exxon Mobil Co. has a 52-week low of $98.59 and a 52-week high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share for the quarter, missing analysts' consensus estimates 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 EPS. Equities research analysts anticipate that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th were issued a $0.99 dividend. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.86%. Exxon Mobil's payout ratio is 50.51%.

Insider Transactions at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the firm's 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 sale, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.03% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on XOM shares. The Goldman Sachs Group cut their target price on Exxon Mobil from $125.00 to $123.00 and set a "neutral" rating for the company in a research note on Friday, January 31st. Morgan Stanley cut their price objective on Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating for the company in a research report on Thursday, March 27th. Mizuho decreased their target price on shares of Exxon Mobil from $131.00 to $129.00 and set a "neutral" rating on the stock in a research report on Thursday. TD Cowen dropped their price target on shares of Exxon Mobil from $132.00 to $128.00 and set a "buy" rating for the company in a research report on Monday, December 16th. Finally, Barclays decreased their price objective on shares of Exxon Mobil from $137.00 to $135.00 and set an "overweight" rating on the stock in a report on Tuesday, March 18th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $128.20.

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.