Melfa Wealth Management Inc. Acquires 144 Shares of Exxon Mobil Co. (NYSE:XOM)

Melfa Wealth Management Inc. boosted its holdings in Exxon Mobil Co. (NYSE:XOM) by 1.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,961 shares of the oil and gas company’s stock after acquiring an additional 144 shares during the quarter. Exxon Mobil accounts for about 1.1% of Melfa Wealth Management Inc.’s investment portfolio, making the stock its 22nd biggest position. Melfa Wealth Management Inc.’s holdings in Exxon Mobil were worth $1,609,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Hershey Financial Advisers LLC acquired a new position in shares of Exxon Mobil in the 2nd quarter worth approximately $46,000. Retirement Wealth Solutions LLC acquired a new stake in shares of Exxon Mobil during the 4th quarter worth about $46,000. Peterson Financial Group Inc. bought a new position in Exxon Mobil during the 3rd quarter valued at about $51,000. Highline Wealth Partners LLC bought a new stake in Exxon Mobil during the 3rd quarter worth approximately $54,000. Finally, Harbor Capital Advisors Inc. acquired a new stake in Exxon Mobil during the 3rd quarter valued at $63,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Wells Fargo & Company upped their price target on shares of Exxon Mobil from $135.00 to $136.00 and gave the stock an “overweight” rating in a research report on Friday, September 27th. BMO Capital Markets upped their target price on shares of Exxon Mobil from $127.00 to $130.00 and gave the stock a “market perform” rating in a research report on Friday, October 4th. Wolfe Research raised their price target on shares of Exxon Mobil from $137.00 to $138.00 in a report on Thursday, October 31st. Piper Sandler reduced their price objective on Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating on the stock in a report on Thursday, December 19th. Finally, Barclays lowered their target price on Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating for the company in a research note on Thursday, October 3rd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $128.84.

Exxon Mobil Stock Performance

XOM stock opened at $108.64 on Friday. Exxon Mobil Co. has a 1-year low of $99.61 and a 1-year high of $126.34. The business’s 50-day moving average price is $111.77 and its two-hundred day moving average price is $115.41. The firm has a market cap of $477.48 billion, a PE ratio of 13.53, a P/E/G ratio of 2.86 and a beta of 0.91. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.91 by $0.01. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The business had revenue of $90.02 billion during the quarter, compared to analyst estimates of $93.98 billion. During the same period in the previous year, the firm earned $2.27 EPS. Exxon Mobil’s quarterly revenue was down .8% compared to the same quarter last year. As a group, research analysts forecast that Exxon Mobil Co. will post 7.77 earnings per share for the current year.

Exxon Mobil Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Thursday, November 14th were issued a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.65%. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date of this dividend was Thursday, November 14th. Exxon Mobil’s dividend payout ratio (DPR) is presently 49.32%.

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.