ACT Wealth Management LLC Has $2.22 Million Position in Exxon Mobil Co. (NYSE:XOM)

ACT Wealth Management LLC decreased its position in shares of Exxon Mobil Co. (NYSE:XOM) by 0.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,976 shares of the oil and gas company’s stock after selling 154 shares during the period. Exxon Mobil makes up 1.0% of ACT Wealth Management LLC’s holdings, making the stock its 13th biggest position. ACT Wealth Management LLC’s holdings in Exxon Mobil were worth $2,224,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of XOM. Ossiam bought a new position in shares of Exxon Mobil in the 4th quarter valued at $1,579,000. Bridgewater Associates LP increased its stake in shares of Exxon Mobil by 5,986.6% in the fourth quarter. Bridgewater Associates LP now owns 214,126 shares of the oil and gas company’s stock valued at $21,408,000 after buying an additional 210,608 shares during the period. Hancock Whitney Corp raised its holdings in Exxon Mobil by 7.7% during the 4th quarter. Hancock Whitney Corp now owns 242,878 shares of the oil and gas company’s stock worth $24,283,000 after purchasing an additional 17,361 shares during the last quarter. Northwest Wealth Management LLC lifted its holdings in Exxon Mobil by 2.4% in the fourth quarter. Northwest Wealth Management LLC now owns 13,792 shares of the oil and gas company’s stock valued at $1,379,000 after buying an additional 324 shares during the period. Finally, Rench Wealth Management Inc. boosted its holdings in shares of Exxon Mobil by 2.2% during the 4th quarter. Rench Wealth Management Inc. now owns 38,858 shares of the oil and gas company’s stock worth $3,885,000 after buying an additional 845 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Stock Down 0.5 %

Shares of Exxon Mobil stock opened at $121.41 on Wednesday. The company’s 50 day moving average price is $116.58 and its 200-day moving average price is $116.17. Exxon Mobil Co. has a 52-week low of $95.77 and a 52-week high of $126.34. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.36. The stock has a market capitalization of $478.72 billion, a price-to-earnings ratio of 14.96, a P/E/G ratio of 4.86 and a beta of 0.89.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.04 by $0.10. The firm had revenue of $93.06 billion for the quarter, compared to analysts’ expectations of $90.09 billion. Exxon Mobil had a net margin of 9.73% and a return on equity of 16.07%. The company’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.94 earnings per share. Equities research analysts forecast that Exxon Mobil Co. will post 8.06 EPS for the current year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th were issued a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.13%. The ex-dividend date of this dividend was Thursday, August 15th. Exxon Mobil’s dividend payout ratio (DPR) is presently 46.57%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on XOM shares. Sanford C. Bernstein reduced their price objective on Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating for the company in a research note on Wednesday, July 17th. BMO Capital Markets raised their price target on shares of Exxon Mobil from $127.00 to $130.00 and gave the stock a “market perform” rating in a research note on Friday, October 4th. Redburn Atlantic restated a “neutral” rating and issued a $120.00 price objective (up from $119.00) on shares of Exxon Mobil in a research note on Tuesday, September 24th. Morgan Stanley reduced their price target on Exxon Mobil from $145.00 to $142.00 and set an “overweight” rating for the company in a research report on Monday, September 16th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $120.00 price target on shares of Exxon Mobil in a report on Tuesday. One analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $131.72.

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.