Moss Adams Wealth Advisors LLC Raises Holdings in Exxon Mobil Co. (NYSE:XOM)

Moss Adams Wealth Advisors LLC raised its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 2.4% in the fourth quarter, Holdings Channel.com reports. The fund owned 20,012 shares of the oil and gas company’s stock after purchasing an additional 460 shares during the period. Exxon Mobil makes up approximately 0.4% of Moss Adams Wealth Advisors LLC’s investment portfolio, making the stock its 22nd biggest position. Moss Adams Wealth Advisors LLC’s holdings in Exxon Mobil were worth $2,001,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Money Concepts Capital Corp increased its position in Exxon Mobil by 3.1% during the third quarter. Money Concepts Capital Corp now owns 3,119 shares of the oil and gas company’s stock worth $367,000 after buying an additional 95 shares during the period. Defined Wealth Management LLC raised its position in Exxon Mobil by 2.4% in the 3rd quarter. Defined Wealth Management LLC now owns 4,051 shares of the oil and gas company’s stock valued at $476,000 after purchasing an additional 96 shares during the last quarter. Crown Wealth Group LLC grew its position in Exxon Mobil by 2.4% during the 3rd quarter. Crown Wealth Group LLC now owns 4,154 shares of the oil and gas company’s stock worth $488,000 after purchasing an additional 97 shares during the last quarter. Auxier Asset Management raised its holdings in shares of Exxon Mobil by 0.8% in the third quarter. Auxier Asset Management now owns 12,963 shares of the oil and gas company’s stock valued at $1,524,000 after buying an additional 97 shares during the last quarter. Finally, Pennsylvania Capital Management Inc. ADV boosted its stake in shares of Exxon Mobil by 2.0% during the third quarter. Pennsylvania Capital Management Inc. ADV now owns 4,932 shares of the oil and gas company’s stock worth $580,000 after buying an additional 98 shares during the period. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on XOM shares. Barclays assumed coverage on Exxon Mobil in a research note on Wednesday, April 10th. They issued an “overweight” rating and a $147.00 target price on the stock. Redburn Atlantic raised shares of Exxon Mobil from a “neutral” rating to a “buy” rating and increased their price target for the stock from $116.00 to $119.00 in a report on Tuesday, January 9th. HSBC boosted their target price on Exxon Mobil from $111.00 to $120.00 and gave the stock a “hold” rating in a research report on Tuesday, April 30th. Wells Fargo & Company lifted their price target on Exxon Mobil from $138.00 to $142.00 and gave the company an “overweight” rating in a research note on Tuesday, April 30th. Finally, Mizuho reaffirmed a “neutral” rating and set a $125.00 price target on shares of Exxon Mobil in a research note on Thursday, April 4th. Eight equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $134.18.

Insider Buying and Selling

In other news, VP Darrin L. Talley sold 2,426 shares of Exxon Mobil stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $119.01, for a total transaction of $288,718.26. Following the sale, the vice president now owns 25,363 shares of the company’s stock, valued at $3,018,450.63. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other Exxon Mobil news, VP Darrin L. Talley sold 2,426 shares of Exxon Mobil stock in a transaction on Monday, April 29th. The stock was sold at an average price of $119.01, for a total transaction of $288,718.26. Following the sale, the vice president now owns 25,363 shares of the company’s stock, valued at approximately $3,018,450.63. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Darrin L. Talley sold 2,400 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total value of $252,000.00. Following the completion of the transaction, the vice president now directly owns 30,189 shares of the company’s stock, valued at approximately $3,169,845. The disclosure for this sale can be found here. Corporate insiders own 0.03% of the company’s stock.

Exxon Mobil Trading Down 0.0 %

XOM traded down $0.02 on Wednesday, reaching $116.15. 18,465,115 shares of the company’s stock were exchanged, compared to its average volume of 18,822,346. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.06 and a current ratio of 1.38. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $123.75. The company’s 50 day moving average is $115.15 and its 200-day moving average is $106.95. The company has a market cap of $457.98 billion, a price-to-earnings ratio of 14.23, a PEG ratio of 4.03 and a beta of 0.96.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, April 26th. The oil and gas company reported $2.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.19 by ($0.13). Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The firm had revenue of $83.08 billion during the quarter, compared to analyst estimates of $79.69 billion. During the same period last year, the business earned $2.83 EPS. The firm’s revenue was down 4.0% compared to the same quarter last year. Equities analysts predict that Exxon Mobil Co. will post 9.61 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th will be given a dividend of $0.95 per share. The ex-dividend date is Tuesday, May 14th. This represents a $3.80 annualized dividend and a dividend yield of 3.27%. Exxon Mobil’s dividend payout ratio is currently 46.57%.

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.