WT Wealth Management Invests $230,000 in Exxon Mobil Co. (NYSE:XOM)

WT Wealth Management purchased a new position in Exxon Mobil Co. (NYSE:XOM) during the third quarter, Holdings Channel.com reports. The firm purchased 3,259 shares of the oil and gas company’s stock, valued at approximately $230,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of XOM. Canandaigua National Bank & Trust Co. boosted its holdings in Exxon Mobil by 1.3% during the second quarter. Canandaigua National Bank & Trust Co. now owns 262,510 shares of the oil and gas company’s stock valued at $20,116,000 after acquiring an additional 3,357 shares during the period. Krueger & Catalano Capital Partners LLC lifted its stake in shares of Exxon Mobil by 61.2% in the second quarter. Krueger & Catalano Capital Partners LLC now owns 11,920 shares of the oil and gas company’s stock valued at $913,000 after buying an additional 4,525 shares during the period. Chesley Taft & Associates LLC lifted its stake in shares of Exxon Mobil by 0.8% in the second quarter. Chesley Taft & Associates LLC now owns 176,792 shares of the oil and gas company’s stock valued at $13,548,000 after buying an additional 1,440 shares during the period. Mount Vernon Associates Inc. MD lifted its stake in shares of Exxon Mobil by 83.4% in the second quarter. Mount Vernon Associates Inc. MD now owns 13,423 shares of the oil and gas company’s stock valued at $1,029,000 after buying an additional 6,103 shares during the period. Finally, Alpha Cubed Investments LLC lifted its stake in shares of Exxon Mobil by 2.0% in the second quarter. Alpha Cubed Investments LLC now owns 250,007 shares of the oil and gas company’s stock valued at $19,158,000 after buying an additional 4,922 shares during the period. 54.39% of the stock is currently owned by institutional investors and hedge funds.

Several research firms recently weighed in on XOM. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $79.00 target price on shares of Exxon Mobil in a research note on Friday, November 1st. Bank of America reiterated a “buy” rating and issued a $100.00 target price on shares of Exxon Mobil in a research note on Friday, September 27th. Credit Suisse Group set a $74.00 target price on shares of Exxon Mobil and gave the company a “neutral” rating in a research note on Friday, August 2nd. BMO Capital Markets began coverage on shares of Exxon Mobil in a research note on Tuesday, August 20th. They issued a “market perform” rating and a $86.00 target price for the company. Finally, Royal Bank of Canada reissued a “neutral” rating and issued a $75.00 price target on shares of Exxon Mobil in a research report on Friday, November 1st. Three equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and five have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $78.91.

Shares of NYSE XOM traded up $0.64 during mid-day trading on Friday, hitting $69.14. 6,004,421 shares of the stock were exchanged, compared to its average volume of 11,968,799. The company has a market cap of $293.51 billion, a P/E ratio of 14.02, a PEG ratio of 2.64 and a beta of 0.97. The stock’s fifty day simple moving average is $69.37 and its two-hundred day simple moving average is $72.67. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.50 and a current ratio of 0.78. Exxon Mobil Co. has a twelve month low of $64.65 and a twelve month high of $83.49.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, November 1st. The oil and gas company reported $0.68 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.04. The company had revenue of $65.05 billion during the quarter, compared to analyst estimates of $65.86 billion. Exxon Mobil had a net margin of 5.43% and a return on equity of 7.45%. The company’s revenue was down 15.1% on a year-over-year basis. During the same quarter last year, the business posted $0.82 earnings per share. As a group, equities research analysts predict that Exxon Mobil Co. will post 2.66 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 12th will be issued a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a dividend yield of 5.03%. The ex-dividend date of this dividend is Friday, November 8th. Exxon Mobil’s payout ratio is 70.59%.

About Exxon Mobil

Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/Other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, petroleum products, and other specialty products; and manufactures and markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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