Whitener Capital Management Inc. Grows Stake in Exxon Mobil Co. (NYSE:XOM)

Whitener Capital Management Inc. increased its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 3.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 40,605 shares of the oil and gas company’s stock after purchasing an additional 1,433 shares during the quarter. Exxon Mobil makes up approximately 1.2% of Whitener Capital Management Inc.’s portfolio, making the stock its 19th biggest position. Whitener Capital Management Inc.’s holdings in Exxon Mobil were worth $4,368,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Helen Stephens Group LLC lifted its position in shares of Exxon Mobil by 7.3% during the 4th quarter. Helen Stephens Group LLC now owns 41,637 shares of the oil and gas company’s stock worth $4,479,000 after buying an additional 2,825 shares during the last quarter. Carderock Capital Management Inc. lifted its position in Exxon Mobil by 293.7% in the fourth quarter. Carderock Capital Management Inc. now owns 13,633 shares of the oil and gas company’s stock valued at $1,467,000 after acquiring an additional 10,170 shares during the last quarter. 25 LLC acquired a new position in Exxon Mobil in the fourth quarter valued at $261,000. Sax Wealth Advisors LLC grew its holdings in shares of Exxon Mobil by 8.4% during the fourth quarter. Sax Wealth Advisors LLC now owns 21,072 shares of the oil and gas company’s stock worth $2,267,000 after purchasing an additional 1,628 shares during the last quarter. Finally, Merit Financial Group LLC increased its position in shares of Exxon Mobil by 19.5% during the fourth quarter. Merit Financial Group LLC now owns 202,477 shares of the oil and gas company’s stock worth $21,780,000 after purchasing an additional 33,044 shares in the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Exxon Mobil Stock Up 0.9 %

XOM stock opened at $112.37 on Friday. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. The company’s 50-day moving average price is $112.56 and its 200 day moving average price is $115.50. Exxon Mobil Co. has a 52 week low of $95.77 and a 52 week high of $126.34. The company has a market cap of $493.89 billion, a P/E ratio of 13.99, a P/E/G ratio of 2.70 and a beta of 0.91.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, topping analysts’ consensus estimates of $1.91 by $0.01. The business had revenue of $90.02 billion for the quarter, compared to analysts’ expectations of $93.98 billion. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The company’s revenue was down .8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.27 EPS. On average, research analysts expect that Exxon Mobil Co. will post 7.86 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th were paid a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 3.52%. The ex-dividend date of this dividend was Thursday, November 14th. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s payout ratio is 49.32%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Barclays dropped their price target on Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating on the stock in a research note on Thursday, October 3rd. JPMorgan Chase & Co. cut their target price on shares of Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating on the stock in a report on Monday, December 16th. Wolfe Research raised their price objective on shares of Exxon Mobil from $137.00 to $138.00 in a research report on Thursday, October 31st. Bank of America initiated coverage on shares of Exxon Mobil in a report on Thursday, October 17th. They issued a “neutral” rating and a $124.00 target price for the company. Finally, Scotiabank raised Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and raised their price target for the stock from $129.00 to $145.00 in a report on Thursday, October 10th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $128.84.

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.