WCG Wealth Advisors LLC Buys 135 Shares of Exxon Mobil Co. (NYSE:XOM)

WCG Wealth Advisors LLC raised its stake in Exxon Mobil Co. (NYSE:XOM) by 0.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 51,628 shares of the oil and gas company’s stock after buying an additional 135 shares during the period. WCG Wealth Advisors LLC’s holdings in Exxon Mobil were worth $5,554,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in XOM. 10Elms LLP purchased a new position in shares of Exxon Mobil in the 4th quarter worth about $25,000. Fairway Wealth LLC purchased a new position in shares of Exxon Mobil in the 4th quarter worth about $31,000. Keystone Financial Group Inc. purchased a new position in shares of Exxon Mobil in the 4th quarter worth about $36,000. Compass Planning Associates Inc bought a new stake in shares of Exxon Mobil in the 4th quarter worth approximately $47,000. Finally, Synergy Investment Management LLC bought a new stake in shares of Exxon Mobil in the 4th quarter worth approximately $47,000. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Price Performance

Shares of Exxon Mobil stock opened at $102.97 on Friday. Exxon Mobil Co. has a 52 week low of $97.80 and a 52 week high of $126.34. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. The business has a 50 day moving average of $108.47 and a 200 day moving average of $110.51. The company has a market cap of $443.76 billion, a PE ratio of 13.13, a P/E/G ratio of 3.02 and a beta of 0.51.

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

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Investors 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 dividend yield of 3.85%. Exxon Mobil’s dividend payout ratio is presently 52.52%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on XOM shares. Mizuho lowered their price objective on shares of Exxon Mobil from $129.00 to $124.00 and set a “neutral” rating for the company in a report on Tuesday, May 13th. Piper Sandler lowered their price objective on shares of Exxon Mobil from $127.00 to $125.00 and set an “overweight” rating for the company in a report on Tuesday, May 13th. Wells Fargo & Company decreased their price objective on Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating on the stock in a report on Monday, February 3rd. UBS Group decreased their price objective on Exxon Mobil from $135.00 to $131.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Finally, The Goldman Sachs Group decreased their price objective on Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Exxon Mobil currently has an average rating of “Moderate Buy” and a consensus 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.