Werlinich Asset Management LLC Acquires 110 Shares of Exxon Mobil Co. (NYSE:XOM)

Werlinich Asset Management LLC raised its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 4.2% during the 4th quarter, Holdings Channel reports. The fund owned 2,737 shares of the oil and gas company’s stock after purchasing an additional 110 shares during the period. Werlinich Asset Management LLC’s holdings in Exxon Mobil were worth $289,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in XOM. Fairscale Capital LLC purchased a new position in shares of Exxon Mobil in the 2nd quarter worth approximately $39,000. Hershey Financial Advisers LLC purchased a new position in Exxon Mobil in the second quarter worth $46,000. Peterson Financial Group Inc. acquired a new position in shares of Exxon Mobil during the third quarter worth $51,000. Highline Wealth Partners LLC purchased a new stake in shares of Exxon Mobil during the 3rd quarter valued at $54,000. Finally, Harbor Capital Advisors Inc. acquired a new stake in shares of Exxon Mobil in the 3rd quarter worth $63,000. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Exxon Mobil Trading Up 0.9 %

Exxon Mobil stock opened at $112.37 on Friday. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. The firm has a market cap of $493.89 billion, a PE ratio of 13.99, a P/E/G ratio of 2.70 and a beta of 0.91. The stock’s 50 day simple moving average is $112.73 and its two-hundred day simple moving average is $115.52. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $126.34.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, beating the consensus estimate of $1.91 by $0.01. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The company had revenue of $90.02 billion for the quarter, compared to analyst estimates of $93.98 billion. During the same quarter last year, the business earned $2.27 earnings per share. The firm’s revenue was down .8% on a year-over-year basis. Analysts anticipate that Exxon Mobil Co. will post 7.86 earnings per share for the current year.

Exxon Mobil Increases Dividend

The firm 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 is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $3.96 dividend on an annualized basis and a yield of 3.52%. Exxon Mobil’s dividend payout ratio is presently 49.32%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Morgan Stanley reduced their target price on Exxon Mobil from $142.00 to $140.00 in a research report on Thursday, October 31st. BNP Paribas lowered shares of Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price objective for the company. in a research report on Wednesday, October 9th. Wells Fargo & Company boosted their target price on shares of Exxon Mobil from $135.00 to $136.00 and gave the stock an “overweight” rating in a research report on Friday, September 27th. Bank of America started coverage on shares of Exxon Mobil in a report on Thursday, October 17th. They issued a “neutral” rating and a $124.00 price target for the company. Finally, TD Cowen cut their target price on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating on the stock in a research report on Monday, December 16th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $128.84.

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.