Hollow Brook Wealth Management LLC Has $6.07 Million Stock Position in Exxon Mobil Co. (NYSE:XOM)

Hollow Brook Wealth Management LLC increased its position in shares of Exxon Mobil Co. (NYSE:XOM) by 5.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 51,771 shares of the oil and gas company’s stock after acquiring an additional 2,532 shares during the quarter. Exxon Mobil comprises about 1.8% of Hollow Brook Wealth Management LLC’s investment portfolio, making the stock its 18th largest position. Hollow Brook Wealth Management LLC’s holdings in Exxon Mobil were worth $6,069,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Fairway Wealth LLC bought a new position in shares of Exxon Mobil in the 2nd quarter valued at about $35,000. Anfield Capital Management LLC lifted its holdings in Exxon Mobil by 360.0% in the second quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock valued at $37,000 after buying an additional 252 shares during the period. Fairscale Capital LLC bought a new position in Exxon Mobil in the second quarter valued at approximately $39,000. POM Investment Strategies LLC grew its holdings in Exxon Mobil by 918.9% during the 2nd quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock worth $43,000 after acquiring an additional 340 shares during the period. Finally, Hershey Financial Advisers LLC bought a new stake in shares of Exxon Mobil during the 2nd quarter valued at $46,000. Institutional investors own 61.80% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on XOM. The Goldman Sachs Group upped their price objective on Exxon Mobil from $118.00 to $120.00 in a report on Thursday, October 31st. BNP Paribas downgraded Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price target for the company. in a report on Wednesday, October 9th. Royal Bank of Canada cut their price objective on Exxon Mobil from $120.00 to $115.00 and set a “sector perform” rating on the stock in a report on Tuesday, November 26th. Morgan Stanley dropped their target price on shares of Exxon Mobil from $142.00 to $140.00 in a report on Thursday, October 31st. Finally, UBS Group decreased their price objective on Exxon Mobil from $157.00 to $149.00 and set a “buy” rating for the company in a report on Wednesday, September 18th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $129.95.

Exxon Mobil Stock Performance

Shares of XOM stock opened at $117.96 on Monday. The company has a market capitalization of $518.45 billion, a price-to-earnings ratio of 14.69, a PEG ratio of 4.95 and a beta of 0.90. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.35. Exxon Mobil Co. has a 52 week low of $95.77 and a 52 week high of $126.34. The company has a 50-day simple moving average of $119.76 and a 200 day simple moving average of $116.55.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.91 by $0.01. The company had revenue of $90.02 billion during the quarter, compared to analysts’ expectations of $93.98 billion. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The business’s revenue was down .8% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.27 earnings per share. On average, sell-side analysts predict that Exxon Mobil Co. will post 7.94 earnings per share for the current year.

Exxon Mobil Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th will be given a dividend of $0.99 per share. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date is Thursday, November 14th. This represents a $3.96 annualized dividend and a yield of 3.36%. Exxon Mobil’s dividend payout ratio (DPR) is presently 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.