Exxon Mobil Co. (NYSE:XOM) is Glass Wealth Management Co LLC’s 6th Largest Position

Glass Wealth Management Co LLC increased its holdings in Exxon Mobil Co. (NYSE:XOM) by 1.4% in the fourth quarter, Holdings Channel reports. The fund owned 67,927 shares of the oil and gas company’s stock after purchasing an additional 940 shares during the quarter. Exxon Mobil accounts for approximately 4.0% of Glass Wealth Management Co LLC’s portfolio, making the stock its 6th largest position. Glass Wealth Management Co LLC’s holdings in Exxon Mobil were worth $7,307,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Victory Capital Management Inc. lifted its position in shares of Exxon Mobil by 34.3% during the fourth quarter. Victory Capital Management Inc. now owns 4,013,510 shares of the oil and gas company’s stock valued at $431,733,000 after buying an additional 1,025,997 shares during the last quarter. Jag Capital Management LLC lifted its position in shares of Exxon Mobil by 8.7% during the fourth quarter. Jag Capital Management LLC now owns 1,944 shares of the oil and gas company’s stock valued at $209,000 after buying an additional 156 shares during the last quarter. Mason Investment Advisory Services Inc. purchased a new stake in shares of Exxon Mobil during the fourth quarter valued at about $1,027,000. Ring Mountain Capital LLC purchased a new stake in shares of Exxon Mobil during the fourth quarter valued at about $324,000. Finally, Exencial Wealth Advisors LLC lifted its position in shares of Exxon Mobil by 7.2% during the fourth quarter. Exencial Wealth Advisors LLC now owns 37,987 shares of the oil and gas company’s stock valued at $4,086,000 after buying an additional 2,564 shares during the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,100 shares of the stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total transaction of $231,000.00. Following the transaction, the vice president now owns 18,087 shares in the company, valued at $1,989,570. This trade represents a 10.40 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. The Goldman Sachs Group decreased their price target on shares of Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. BMO Capital Markets cut their price objective on shares of Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating on the stock in a report on Friday, January 31st. Wells Fargo & Company cut their price objective on shares of Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating on the stock in a report on Monday, February 3rd. Argus upgraded shares of Exxon Mobil to a “strong-buy” rating in a report on Tuesday, February 4th. Finally, Morgan Stanley upped their price objective on shares of Exxon Mobil from $139.00 to $140.00 in a report on Friday, January 31st. One analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Exxon Mobil currently has a consensus rating of “Moderate Buy” and a consensus price target of $129.25.

Exxon Mobil Price Performance

Shares of NYSE XOM opened at $105.51 on Thursday. The stock has a market capitalization of $457.82 billion, a price-to-earnings ratio of 13.46, a PEG ratio of 3.02 and a beta of 0.89. Exxon Mobil Co. has a 12 month low of $103.67 and a 12 month high of $126.34. The firm’s 50 day simple moving average is $108.98 and its 200-day simple moving average is $113.98. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 EPS for the quarter, missing analysts’ consensus estimates of $1.77 by ($0.10). Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. During the same quarter last year, the firm posted $2.48 EPS. Analysts expect that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th will be paid a dividend of $0.99 per share. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.75%. Exxon Mobil’s payout ratio is 50.51%.

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.