Litman Gregory Wealth Management LLC Buys Shares of 2,900 Exxon Mobil Co. (NYSE:XOM)

Litman Gregory Wealth Management LLC purchased a new position in Exxon Mobil Co. (NYSE:XOM) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 2,900 shares of the oil and gas company’s stock, valued at approximately $340,000.

Other large investors have also recently made changes to their positions in the company. Constitution Capital LLC lifted its stake in Exxon Mobil by 187.9% in the 1st quarter. Constitution Capital LLC now owns 9,500 shares of the oil and gas company’s stock worth $1,104,000 after purchasing an additional 6,200 shares in the last quarter. Davis Investment Partners LLC increased its holdings in shares of Exxon Mobil by 4.1% in the first quarter. Davis Investment Partners LLC now owns 29,151 shares of the oil and gas company’s stock valued at $3,562,000 after purchasing an additional 1,137 shares during the last quarter. Elevated Capital Advisors LLC lifted its position in Exxon Mobil by 2.6% during the first quarter. Elevated Capital Advisors LLC now owns 41,088 shares of the oil and gas company’s stock worth $4,776,000 after buying an additional 1,028 shares in the last quarter. RMR Wealth Builders boosted its stake in Exxon Mobil by 20.9% during the first quarter. RMR Wealth Builders now owns 29,899 shares of the oil and gas company’s stock worth $3,476,000 after buying an additional 5,165 shares during the last quarter. Finally, Sovereign Financial Group Inc. grew its holdings in Exxon Mobil by 15.4% in the 1st quarter. Sovereign Financial Group Inc. now owns 17,935 shares of the oil and gas company’s stock valued at $2,085,000 after buying an additional 2,394 shares in the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Scotiabank raised shares of Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and boosted their price target for the company from $129.00 to $145.00 in a research report on Thursday, October 10th. Evercore ISI raised shares of Exxon Mobil to a “strong-buy” rating in a research note on Monday, August 5th. Bank of America initiated coverage on shares of Exxon Mobil in a research report on Thursday, October 17th. They set a “neutral” rating and a $124.00 price target on the stock. Barclays lowered their price objective on Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating for the company in a research report on Thursday, October 3rd. Finally, Redburn Atlantic restated a “neutral” rating and issued a $120.00 target price (up previously from $119.00) on shares of Exxon Mobil in a research report on Tuesday, September 24th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Exxon Mobil has an average rating of “Moderate Buy” and an average target price of $131.44.

Exxon Mobil Stock Down 0.6 %

Exxon Mobil stock opened at $119.60 on Friday. The firm has a market capitalization of $471.58 billion, a P/E ratio of 14.66, a P/E/G ratio of 5.02 and a beta of 0.89. The company has a current ratio of 1.36, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $126.34. The stock’s fifty day simple moving average is $117.49 and its 200-day simple moving average is $116.49.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share for the quarter, topping the consensus estimate of $2.04 by $0.10. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. The company had revenue of $93.06 billion for the quarter, compared to the consensus estimate of $90.09 billion. During the same quarter in the prior year, the business earned $1.94 EPS. Exxon Mobil’s revenue was up 12.2% on a year-over-year basis. As a group, equities analysts expect that Exxon Mobil Co. will post 8.11 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th were issued a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 3.18%. The ex-dividend date was Thursday, August 15th. Exxon Mobil’s dividend payout ratio (DPR) is presently 46.57%.

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.