West Wealth Group LLC Makes New $255,000 Investment in Exxon Mobil Co. (NYSE:XOM)

West Wealth Group LLC acquired a new stake in shares of Exxon Mobil Co. (NYSE:XOM) during the third quarter, Holdings Channel.com reports. The firm acquired 2,175 shares of the oil and gas company’s stock, valued at approximately $255,000.

Several other hedge funds and other institutional investors have also made changes to their positions in XOM. Sunburst Financial Group LLC boosted its position in shares of Exxon Mobil by 4.6% during the first quarter. Sunburst Financial Group LLC now owns 3,112 shares of the oil and gas company’s stock valued at $364,000 after buying an additional 138 shares during the period. Tarbox Family Office Inc. lifted its stake in shares of Exxon Mobil by 4.1% during the 1st quarter. Tarbox Family Office Inc. now owns 7,060 shares of the oil and gas company’s stock worth $821,000 after acquiring an additional 276 shares during the last quarter. Dohj LLC boosted its holdings in Exxon Mobil by 8.2% during the 1st quarter. Dohj LLC now owns 7,974 shares of the oil and gas company’s stock valued at $927,000 after acquiring an additional 606 shares during the period. Transform Wealth LLC grew its position in Exxon Mobil by 4.6% in the 1st quarter. Transform Wealth LLC now owns 129,244 shares of the oil and gas company’s stock valued at $15,023,000 after acquiring an additional 5,625 shares during the last quarter. Finally, Cypress Wealth Services LLC increased its stake in Exxon Mobil by 2.6% in the first quarter. Cypress Wealth Services LLC now owns 13,074 shares of the oil and gas company’s stock worth $1,520,000 after purchasing an additional 334 shares during the period. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Wall Street Analysts Forecast Growth

XOM has been the subject of a number of recent analyst reports. Sanford C. Bernstein lowered their target price on shares of Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating for the company in a research note on Wednesday, July 17th. Bank of America started coverage on shares of Exxon Mobil in a research note on Thursday, October 17th. They issued a “neutral” rating and a $124.00 target price on the stock. Evercore ISI raised shares of Exxon Mobil to a “strong-buy” rating in a research note on Monday, August 5th. Wells Fargo & Company increased their price objective on Exxon Mobil from $135.00 to $136.00 and gave the stock an “overweight” rating in a research note on Friday, September 27th. Finally, Redburn Atlantic reaffirmed a “neutral” rating and set a $120.00 target price (up from $119.00) on shares of Exxon Mobil in a research report on Tuesday, September 24th. One analyst has rated the stock with a sell rating, eight have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $131.44.

Exxon Mobil Price Performance

NYSE XOM opened at $119.49 on Friday. The firm’s fifty day simple moving average is $117.54 and its two-hundred day simple moving average is $116.47. The firm has a market capitalization of $471.15 billion, a P/E ratio of 14.29, a P/E/G ratio of 5.00 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 12-month low of $95.77 and a 12-month high of $126.34.

Exxon Mobil (NYSE:XOM) last announced its 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 firm had revenue of $93.06 billion for the quarter, compared to the consensus estimate of $90.09 billion. During the same period in the previous year, the business earned $1.94 EPS. The firm’s revenue for the quarter was up 12.2% on a year-over-year basis. Analysts forecast that Exxon Mobil Co. will post 8.05 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Thursday, August 15th were given a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 3.18%. The ex-dividend date was Thursday, August 15th. Exxon Mobil’s payout ratio is currently 45.45%.

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.