Whitaker Myers Wealth Managers LTD. Buys New Shares in Exxon Mobil Co. (NYSE:XOM)

Whitaker Myers Wealth Managers LTD. purchased a new stake in Exxon Mobil Co. (NYSE:XOM - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 3,325 shares of the oil and gas company's stock, valued at approximately $358,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. FMR LLC boosted its stake in Exxon Mobil by 0.3% during the 3rd quarter. FMR LLC now owns 151,863,649 shares of the oil and gas company's stock valued at $17,801,457,000 after purchasing an additional 395,218 shares during the period. Geode Capital Management LLC lifted its stake in shares of Exxon Mobil by 1.8% in the 3rd quarter. Geode Capital Management LLC now owns 92,194,981 shares of the oil and gas company's stock worth $10,777,735,000 after acquiring an additional 1,622,064 shares during the period. Legal & General Group Plc lifted its stake in shares of Exxon Mobil by 19.3% in the 2nd quarter. Legal & General Group Plc now owns 32,308,002 shares of the oil and gas company's stock worth $3,719,296,000 after acquiring an additional 5,235,607 shares during the period. Franklin Resources Inc. lifted its stake in shares of Exxon Mobil by 16.3% in the 3rd quarter. Franklin Resources Inc. now owns 31,522,556 shares of the oil and gas company's stock worth $3,936,929,000 after acquiring an additional 4,415,012 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Exxon Mobil by 0.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 31,160,117 shares of the oil and gas company's stock worth $3,652,589,000 after acquiring an additional 146,374 shares during the period. 61.80% of the stock is owned by institutional investors and hedge funds.

Exxon Mobil Price Performance

NYSE:XOM traded down $0.75 during mid-day trading on Tuesday, reaching $111.57. 3,084,332 shares of the company were exchanged, compared to its average volume of 13,854,236. The stock has a market cap of $490.35 billion, a PE ratio of 13.91, a PEG ratio of 3.01 and a beta of 0.91. 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 12 month low of $95.77 and a 12 month high of $126.34. The company has a fifty day moving average of $112.40 and a 200 day moving average of $115.50.

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 (EPS) for the quarter, beating 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 company's revenue for the quarter was down .8% on a year-over-year basis. During the same quarter last year, the firm earned $2.27 EPS. On average, research analysts anticipate that Exxon Mobil Co. will post 7.77 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th were issued a $0.99 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This is an increase from Exxon Mobil's previous quarterly dividend of $0.95. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.55%. Exxon Mobil's dividend payout ratio (DPR) is 49.32%.

Wall Street Analysts Forecast Growth

XOM has been the topic of a number of research reports. Wells Fargo & Company boosted their target price on shares of Exxon Mobil from $135.00 to $136.00 and gave the stock an "overweight" rating in a report on Friday, September 27th. Piper Sandler dropped their target price on shares of Exxon Mobil from $138.00 to $127.00 and set an "overweight" rating on the stock in a report on Thursday, December 19th. Morgan Stanley cut their price target on shares of Exxon Mobil from $142.00 to $140.00 in a report on Thursday, October 31st. Barclays cut their price target on shares of Exxon Mobil from $142.00 to $137.00 and set an "overweight" rating on the stock in a report on Thursday, October 3rd. Finally, Bank of America began coverage on shares of Exxon Mobil in a report on Thursday, October 17th. They set a "neutral" rating and a $124.00 price target on the stock. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $128.84.

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.