Welch Group LLC Purchases 8,577 Shares of Exxon Mobil Corporation $XOM

Welch Group LLC boosted its position in shares of Exxon Mobil Corporation (NYSE:XOM) by 1.6% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 544,075 shares of the oil and gas company’s stock after purchasing an additional 8,577 shares during the period. Exxon Mobil comprises about 2.4% of Welch Group LLC’s investment portfolio, making the stock its 20th biggest position. Welch Group LLC’s holdings in Exxon Mobil were worth $61,344,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Axis Wealth Partners LLC raised its stake in shares of Exxon Mobil by 1.8% in the second quarter. Axis Wealth Partners LLC now owns 5,056 shares of the oil and gas company’s stock valued at $545,000 after acquiring an additional 90 shares during the last quarter. Park Edge Advisors LLC increased its holdings in Exxon Mobil by 0.3% during the 2nd quarter. Park Edge Advisors LLC now owns 32,031 shares of the oil and gas company’s stock valued at $3,453,000 after purchasing an additional 91 shares in the last quarter. Willow Creek Wealth Management Inc. increased its holdings in Exxon Mobil by 3.6% during the 2nd quarter. Willow Creek Wealth Management Inc. now owns 2,640 shares of the oil and gas company’s stock valued at $285,000 after purchasing an additional 91 shares in the last quarter. Capstone Wealth Management LLC boosted its stake in Exxon Mobil by 3.8% in the third quarter. Capstone Wealth Management LLC now owns 2,527 shares of the oil and gas company’s stock worth $285,000 after purchasing an additional 92 shares in the last quarter. Finally, Chapin Davis Inc. grew its holdings in shares of Exxon Mobil by 2.1% during the second quarter. Chapin Davis Inc. now owns 4,607 shares of the oil and gas company’s stock worth $497,000 after purchasing an additional 93 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Trading Down 0.0%

XOM opened at $119.39 on Friday. The firm has a 50 day simple moving average of $116.52 and a 200 day simple moving average of $113.09. Exxon Mobil Corporation has a fifty-two week low of $97.80 and a fifty-two week high of $120.81. The company has a market cap of $503.49 billion, a price-to-earnings ratio of 17.35, a price-to-earnings-growth ratio of 7.49 and a beta of 0.38. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.14 and a quick ratio of 0.79.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, June 17th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter. Exxon Mobil had a net margin of 8.99% and a return on equity of 11.22%. The firm had revenue of $57.55 billion for the quarter. On average, sell-side analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Friday, November 14th were given a $1.03 dividend. The ex-dividend date was Friday, November 14th. This represents a $4.12 annualized dividend and a dividend yield of 3.5%. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.99. Exxon Mobil’s dividend payout ratio is 59.88%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on XOM. UBS Group reaffirmed a “buy” rating on shares of Exxon Mobil in a report on Tuesday, December 9th. Bank of America dropped their target price on shares of Exxon Mobil from $119.00 to $118.00 and set a “neutral” rating for the company in a research note on Thursday, December 11th. Jefferies Financial Group upped their target price on shares of Exxon Mobil from $146.00 to $148.00 and gave the stock a “buy” rating in a research report on Wednesday, December 10th. BNP Paribas raised shares of Exxon Mobil from a “strong sell” rating to a “hold” rating in a report on Monday, December 8th. Finally, Mizuho upped their price objective on Exxon Mobil from $129.00 to $132.00 and gave the stock a “neutral” rating in a report on Friday, December 12th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and thirteen have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $129.45.

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 3,000 shares of the company’s stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $117.19, for a total value of $351,570.00. Following the completion of the sale, the vice president owned 28,584 shares in the company, valued at approximately $3,349,758.96. This represents a 9.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.03% of the stock is currently owned by company insiders.

About Exxon Mobil

Exxon Mobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.