Welch Group LLC Has $50.46 Million Stock Position in Exxon Mobil Co. (NYSE:XOM)

Welch Group LLC grew its stake in shares of Exxon Mobil Co. (NYSE:XOMFree Report) by 1.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 504,732 shares of the oil and gas company’s stock after purchasing an additional 7,504 shares during the quarter. Exxon Mobil comprises about 2.7% of Welch Group LLC’s portfolio, making the stock its 14th biggest holding. Welch Group LLC’s holdings in Exxon Mobil were worth $50,463,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in XOM. KB Financial Partners LLC bought a new position in shares of Exxon Mobil during the 1st quarter worth approximately $27,000. IMA Wealth Inc. boosted its stake in shares of Exxon Mobil by 720.0% during the 2nd quarter. IMA Wealth Inc. now owns 369 shares of the oil and gas company’s stock worth $40,000 after acquiring an additional 324 shares during the period. FWL Investment Management LLC bought a new position in shares of Exxon Mobil during the 4th quarter worth approximately $43,000. Turim 21 Investimentos Ltda. boosted its stake in shares of Exxon Mobil by 222.5% during the 1st quarter. Turim 21 Investimentos Ltda. now owns 574 shares of the oil and gas company’s stock worth $47,000 after acquiring an additional 396 shares during the period. Finally, DHJJ Financial Advisors Ltd. bought a new position in shares of Exxon Mobil during the 3rd quarter worth approximately $49,000. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Price Performance

Shares of NYSE XOM opened at $119.34 on Thursday. The stock has a market capitalization of $473.52 billion, a PE ratio of 13.42, a P/E/G ratio of 4.28 and a beta of 0.96. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.48 and a quick ratio of 1.09. The business has a fifty day moving average price of $107.34 and a two-hundred day moving average price of $105.99. Exxon Mobil Co. has a fifty-two week low of $95.77 and a fifty-two week high of $120.70.

Exxon Mobil (NYSE:XOMGet Free Report) last posted its quarterly earnings results on Friday, February 2nd. The oil and gas company reported $2.48 EPS for the quarter, topping analysts’ consensus estimates of $2.20 by $0.28. Exxon Mobil had a return on equity of 18.51% and a net margin of 10.45%. The company had revenue of $84.34 billion during the quarter, compared to analysts’ expectations of $90.03 billion. During the same quarter in the previous year, the firm earned $3.40 EPS. Exxon Mobil’s revenue was down 11.6% on a year-over-year basis. As a group, equities analysts predict that Exxon Mobil Co. will post 9.11 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Wednesday, February 14th were issued a dividend of $0.95 per share. The ex-dividend date of this dividend was Tuesday, February 13th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.18%. Exxon Mobil’s dividend payout ratio (DPR) is currently 42.74%.

Insider Transactions at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,400 shares of the business’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total transaction of $252,000.00. Following the completion of the transaction, the vice president now owns 30,189 shares of the company’s stock, valued at approximately $3,169,845. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.04% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have recently commented on XOM shares. TD Cowen lifted their target price on Exxon Mobil from $115.00 to $120.00 and gave the stock a “buy” rating in a research note on Monday. Redburn Atlantic upgraded Exxon Mobil from a “neutral” rating to a “buy” rating and boosted their price target for the company from $116.00 to $119.00 in a research note on Tuesday, January 9th. JPMorgan Chase & Co. reduced their price target on Exxon Mobil from $134.00 to $127.00 and set an “overweight” rating for the company in a research note on Friday, December 8th. UBS Group reduced their price target on Exxon Mobil from $133.00 to $132.00 and set a “buy” rating for the company in a research note on Tuesday, January 23rd. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $120.00 price target on shares of Exxon Mobil in a research note on Monday, February 5th. Nine equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $128.47.

Check Out Our Latest Research Report on Exxon Mobil

Exxon Mobil Profile

(Free Report)

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.

Featured Stories

Want to see what other hedge funds are holding XOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Exxon Mobil Co. (NYSE:XOMFree Report).

Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

Receive News & Ratings for Exxon Mobil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exxon Mobil and related companies with MarketBeat.com's FREE daily email newsletter.