Ball & Co Wealth Management Inc. Takes Position in Exxon Mobil Co. (NYSE:XOM)

Ball & Co Wealth Management Inc. acquired a new position in shares of Exxon Mobil Co. (NYSE:XOM) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 1,708 shares of the oil and gas company’s stock, valued at approximately $183,000. Exxon Mobil accounts for 0.1% of Ball & Co Wealth Management Inc.’s portfolio, making the stock its 21st largest position.

A number of other hedge funds and other institutional investors have also made changes to their positions in XOM. 10Elms LLP acquired a new position in shares of Exxon Mobil during the fourth quarter worth about $25,000. Fairway Wealth LLC acquired a new stake in Exxon Mobil in the 4th quarter valued at approximately $31,000. Keystone Financial Group Inc. bought a new stake in Exxon Mobil in the 4th quarter valued at approximately $36,000. Compass Planning Associates Inc acquired a new position in Exxon Mobil during the 4th quarter worth approximately $47,000. Finally, Synergy Investment Management LLC acquired a new position in Exxon Mobil during the 4th quarter worth approximately $47,000. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently weighed in on XOM shares. Morgan Stanley decreased their target price on shares of Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating for the company in a research report on Thursday, March 27th. BMO Capital Markets reduced their price objective on shares of Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating for the company in a research note on Friday, January 31st. UBS Group lowered their target price on Exxon Mobil from $135.00 to $131.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Mizuho dropped their target price on Exxon Mobil from $129.00 to $124.00 and set a “neutral” rating on the stock in a report on Tuesday, May 13th. Finally, Barclays restated a “hold” rating on shares of Exxon Mobil in a research note on Thursday. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Exxon Mobil currently has an average rating of “Moderate Buy” and an average target price of $125.50.

Exxon Mobil Stock Up 0.1%

Shares of XOM opened at $103.11 on Friday. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. Exxon Mobil Co. has a 12 month low of $97.80 and a 12 month high of $126.34. The firm’s 50 day moving average is $108.26 and its 200-day moving average is $110.40. The stock has a market capitalization of $444.36 billion, a PE ratio of 13.15, a P/E/G ratio of 3.02 and a beta of 0.51.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.73 by $0.03. The business had revenue of $83.13 billion for the quarter, compared to the consensus estimate of $86.11 billion. Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. The firm’s quarterly revenue was up .1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.06 earnings per share. Equities research analysts forecast that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th will be issued a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.84%. The ex-dividend date is Thursday, May 15th. Exxon Mobil’s dividend payout ratio (DPR) is presently 52.52%.

Exxon Mobil Company 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.