Accurate Wealth Management LLC Has $6.99 Million Holdings in Exxon Mobil Co. (NYSE:XOM)

Accurate Wealth Management LLC increased its stake in Exxon Mobil Co. (NYSE:XOM) by 2.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 65,612 shares of the oil and gas company’s stock after acquiring an additional 1,719 shares during the quarter. Exxon Mobil accounts for approximately 1.3% of Accurate Wealth Management LLC’s portfolio, making the stock its 12th largest position. Accurate Wealth Management LLC’s holdings in Exxon Mobil were worth $6,991,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Fairway Wealth LLC acquired a new position in shares of Exxon Mobil during the second quarter valued at about $35,000. Fairscale Capital LLC acquired a new position in Exxon Mobil during the 2nd quarter worth approximately $39,000. Hershey Financial Advisers LLC bought a new position in Exxon Mobil in the second quarter worth approximately $46,000. Peterson Financial Group Inc. acquired a new stake in Exxon Mobil in the third quarter valued at approximately $51,000. Finally, Highline Wealth Partners LLC bought a new stake in shares of Exxon Mobil during the third quarter valued at approximately $54,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Analyst Ratings Changes

XOM has been the topic of a number of recent research reports. Bank of America assumed coverage on Exxon Mobil in a report on Thursday, October 17th. They issued a “neutral” rating and a $124.00 target price on the stock. BMO Capital Markets raised their price objective on shares of Exxon Mobil from $127.00 to $130.00 and gave the company a “market perform” rating in a research note on Friday, October 4th. Redburn Atlantic reissued a “neutral” rating and set a $120.00 target price (up from $119.00) on shares of Exxon Mobil in a research report on Tuesday, September 24th. JPMorgan Chase & Co. dropped their price target on shares of Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating on the stock in a research report on Monday, December 16th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $115.00 price target on shares of Exxon Mobil in a research note on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $128.84.

Exxon Mobil Stock Up 1.6 %

Shares of NYSE:XOM opened at $111.44 on Thursday. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $126.34. The company has a market capitalization of $489.79 billion, a PE ratio of 13.88, a price-to-earnings-growth ratio of 4.65 and a beta of 0.91. The business has a fifty day moving average price of $113.12 and a two-hundred day moving average price of $115.58. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, beating the consensus estimate of $1.91 by $0.01. The company had revenue of $90.02 billion during the quarter, compared to analyst estimates of $93.98 billion. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The firm’s revenue for the quarter was down .8% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.27 earnings per share. Analysts forecast that Exxon Mobil Co. will post 7.95 earnings per share for the current year.

Exxon Mobil Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Thursday, November 14th were issued a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.55%. The ex-dividend date of this dividend was Thursday, November 14th. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s payout ratio is 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.