Melfa Wealth Management Inc. Purchases 144 Shares of Exxon Mobil Co. (NYSE:XOM)

Melfa Wealth Management Inc. grew its holdings in Exxon Mobil Co. (NYSE:XOM) by 1.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 14,961 shares of the oil and gas company’s stock after acquiring an additional 144 shares during the quarter. Exxon Mobil accounts for about 1.1% of Melfa Wealth Management Inc.’s portfolio, making the stock its 22nd biggest position. Melfa Wealth Management Inc.’s holdings in Exxon Mobil were worth $1,609,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also made changes to their positions in the company. International Assets Investment Management LLC boosted its stake in shares of Exxon Mobil by 7,761.0% during the 3rd quarter. International Assets Investment Management LLC now owns 6,893,677 shares of the oil and gas company’s stock worth $808,077,000 after buying an additional 6,805,982 shares during the last quarter. Legal & General Group Plc raised its holdings in Exxon Mobil by 19.3% during the second quarter. Legal & General Group Plc now owns 32,308,002 shares of the oil and gas company’s stock worth $3,719,296,000 after acquiring an additional 5,235,607 shares in the last quarter. Franklin Resources Inc. boosted its position in Exxon Mobil by 16.3% during the third quarter. Franklin Resources Inc. now owns 31,522,556 shares of the oil and gas company’s stock valued at $3,936,929,000 after purchasing an additional 4,415,012 shares during the last quarter. Clearbridge Investments LLC increased its position in shares of Exxon Mobil by 117.5% during the 2nd quarter. Clearbridge Investments LLC now owns 7,668,483 shares of the oil and gas company’s stock worth $882,795,000 after purchasing an additional 4,142,171 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its position in shares of Exxon Mobil by 168.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 4,530,457 shares of the oil and gas company’s stock worth $531,060,000 after purchasing an additional 2,842,844 shares during the last quarter. Institutional investors own 61.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on XOM shares. BMO Capital Markets raised their target price 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. Wells Fargo & Company boosted their price objective on shares of Exxon Mobil from $135.00 to $136.00 and gave the stock an “overweight” rating in a research note on Friday, September 27th. TD Cowen cut their target price on shares of Exxon Mobil from $132.00 to $128.00 and set a “buy” rating for the company in a research note on Monday, December 16th. Bank of America assumed coverage on Exxon Mobil in a research report on Thursday, October 17th. They set a “neutral” rating and a $124.00 price target on the stock. Finally, Mizuho cut their price objective on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating for the company 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 assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $128.84.

Exxon Mobil Trading Down 1.4 %

Shares of XOM stock opened at $108.64 on Friday. The stock has a market cap of $477.48 billion, a P/E ratio of 13.53, a price-to-earnings-growth ratio of 2.86 and a beta of 0.91. Exxon Mobil Co. has a 1 year low of $99.61 and a 1 year high of $126.34. 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 stock has a 50 day simple moving average of $111.77 and a 200 day simple moving average of $115.41.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.91 by $0.01. The company had revenue of $90.02 billion for the quarter, compared to analyst estimates of $93.98 billion. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. Exxon Mobil’s quarterly revenue was down .8% on a year-over-year basis. During the same period in the prior year, the firm posted $2.27 EPS. On average, research analysts predict that Exxon Mobil Co. will post 7.77 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Thursday, November 14th were given a dividend of $0.99 per share. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date was Thursday, November 14th. This represents a $3.96 annualized dividend and a dividend yield of 3.65%. Exxon Mobil’s dividend payout ratio (DPR) is currently 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.