Parr Mcknight Wealth Management Group LLC Takes $2.32 Million Position in Exxon Mobil Co. (NYSE:XOM)

Parr Mcknight Wealth Management Group LLC acquired a new stake in Exxon Mobil Co. (NYSE:XOM) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 21,545 shares of the oil and gas company’s stock, valued at approximately $2,318,000.

Several other hedge funds have also added to or reduced their stakes in XOM. Geode Capital Management LLC boosted its holdings in shares of Exxon Mobil by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 93,299,598 shares of the oil and gas company’s stock valued at $10,023,875,000 after buying an additional 1,104,617 shares during the period. Norges Bank bought a new position in Exxon Mobil during the 4th quarter worth about $6,936,737,000. Northern Trust Corp raised its stake in shares of Exxon Mobil by 7.0% in the 4th quarter. Northern Trust Corp now owns 46,017,358 shares of the oil and gas company’s stock valued at $4,950,087,000 after purchasing an additional 2,998,892 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Exxon Mobil by 14.4% in the fourth quarter. Bank of New York Mellon Corp now owns 43,983,110 shares of the oil and gas company’s stock valued at $4,731,263,000 after purchasing an additional 5,538,694 shares in the last quarter. Finally, Franklin Resources Inc. boosted its position in shares of Exxon Mobil by 13.1% during the fourth quarter. Franklin Resources Inc. now owns 35,662,602 shares of the oil and gas company’s stock worth $3,836,226,000 after buying an additional 4,140,046 shares during the period. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Stock Down 0.7%

XOM stock opened at $102.97 on Friday. Exxon Mobil Co. has a 1-year low of $97.80 and a 1-year high of $126.34. The business’s 50 day simple moving average is $108.47 and its 200 day simple moving average is $110.51. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $443.76 billion, a PE ratio of 13.13, a PEG ratio of 3.02 and a beta of 0.51.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.73 by $0.03. The company had revenue of $83.13 billion for the quarter, compared to analyst estimates of $86.11 billion. Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. The company’s revenue was up .1% on a year-over-year basis. During the same period in the prior year, the firm earned $2.06 earnings per share. As a group, research analysts anticipate that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th will be given a dividend of $0.99 per share. The ex-dividend date is Thursday, May 15th. This represents a $3.96 annualized dividend and a yield of 3.85%. Exxon Mobil’s dividend payout ratio (DPR) is presently 52.52%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Barclays reissued a “hold” rating on shares of Exxon Mobil in a research report on Thursday. Wells Fargo & Company lowered their price objective on shares of Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating on the stock in a report on Monday, February 3rd. Argus upgraded shares of Exxon Mobil to a “strong-buy” rating in a report on Tuesday, February 4th. UBS Group lowered their price target on shares of Exxon Mobil from $135.00 to $131.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Finally, HSBC cut their price target on shares of Exxon Mobil from $125.00 to $123.00 and set a “hold” rating on the stock in a research report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $125.50.

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.