Exxon Mobil Co. (NYSE:XOM) is Global Assets Advisory LLC’s 3rd Largest Position

Global Assets Advisory LLC grew its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 0.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 100,228 shares of the oil and gas company’s stock after acquiring an additional 499 shares during the period. Exxon Mobil accounts for 5.9% of Global Assets Advisory LLC’s investment portfolio, making the stock its 3rd biggest holding. Global Assets Advisory LLC’s holdings in Exxon Mobil were worth $10,755,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Ground Swell Capital LLC bought a new position in shares of Exxon Mobil during the 4th quarter valued at $347,000. Focus Partners Wealth increased its position in Exxon Mobil by 48.2% during the fourth quarter. Focus Partners Wealth now owns 1,987,843 shares of the oil and gas company’s stock worth $223,414,000 after buying an additional 646,338 shares during the last quarter. Full Sail Capital LLC raised its holdings in Exxon Mobil by 17.2% during the fourth quarter. Full Sail Capital LLC now owns 6,195 shares of the oil and gas company’s stock valued at $666,000 after buying an additional 909 shares in the last quarter. Elefante Mark B acquired a new stake in shares of Exxon Mobil in the fourth quarter worth about $355,000. Finally, Elyxium Wealth LLC boosted its stake in shares of Exxon Mobil by 1.0% during the 4th quarter. Elyxium Wealth LLC now owns 23,976 shares of the oil and gas company’s stock worth $2,579,000 after acquiring an additional 228 shares in the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Exxon Mobil Price Performance

NYSE:XOM opened at $107.38 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. The company has a 50-day moving average of $108.97 and a 200-day moving average of $111.21. Exxon Mobil Co. has a 52 week low of $97.80 and a 52 week high of $126.34. The company has a market capitalization of $464.45 billion, a price-to-earnings ratio of 13.70, a PEG 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 EPS for the quarter, topping analysts’ consensus estimates of $1.73 by $0.03. Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. The firm had revenue of $83.13 billion during the quarter, compared to analysts’ expectations of $86.11 billion. During the same quarter last year, the company earned $2.06 earnings per share. The company’s revenue for the quarter was up .1% compared to the same quarter last year. As a group, equities research analysts anticipate that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th will be paid a dividend of $0.99 per share. The ex-dividend date is Thursday, May 15th. This represents a $3.96 annualized dividend and a yield of 3.69%. Exxon Mobil’s dividend payout ratio is currently 52.52%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on XOM shares. Bernstein Bank raised their price objective on Exxon Mobil from $138.00 to $144.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. The Goldman Sachs Group reduced their price objective on shares of Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. UBS Group lowered their target price on shares of Exxon Mobil from $135.00 to $131.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. BMO Capital Markets decreased their price target on shares of Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating for the company in a report on Friday, January 31st. Finally, HSBC lowered their price target on Exxon Mobil from $125.00 to $123.00 and set a “hold” rating on the stock in a research report on Friday, January 31st. One analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Exxon Mobil has an average rating of “Moderate Buy” and an average price target of $125.85.

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.