Arcadia Wealth Management Inc. Buys Shares of 4,061 Exxon Mobil Co. (NYSE:XOM)

Arcadia Wealth Management Inc. bought a new stake in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 4,061 shares of the oil and gas company's stock, valued at approximately $437,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. 10Elms LLP acquired a new stake in Exxon Mobil during the 4th quarter valued at $25,000. Fairway Wealth LLC purchased a new position in Exxon Mobil in the 4th quarter valued at about $31,000. Capital A Wealth Management LLC acquired a new stake in shares of Exxon Mobil during the fourth quarter valued at about $32,000. Keystone Financial Group Inc. purchased a new stake in shares of Exxon Mobil during the fourth quarter worth about $36,000. Finally, Compass Planning Associates Inc acquired a new position in shares of Exxon Mobil in the fourth quarter worth about $47,000. 61.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

XOM has been the subject of a number of recent analyst reports. Barclays restated a "hold" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Morgan Stanley decreased their price target 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. The Goldman Sachs Group reduced their price objective on shares of Exxon Mobil from $125.00 to $123.00 and set a "neutral" rating on the stock in a research note on Friday, January 31st. UBS Group dropped their target price on shares of Exxon Mobil from $135.00 to $131.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Finally, Royal Bank of Canada reissued a "sector perform" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $125.50.

Exxon Mobil Stock Performance

Shares of XOM stock traded down $1.42 during trading hours on Wednesday, reaching $102.10. The stock had a trading volume of 14,251,325 shares, compared to its average volume of 15,546,853. The firm has a market capitalization of $440.01 billion, a PE ratio of 13.02, a price-to-earnings-growth ratio of 3.02 and a beta of 0.51. The firm has a 50-day simple moving average of $107.77 and a 200-day simple moving average of $110.08. Exxon Mobil Co. has a twelve month low of $97.80 and a twelve month high of $126.34. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 EPS for the quarter, beating the consensus estimate of $1.73 by $0.03. The company had revenue of $83.13 billion for the quarter, compared to analyst estimates of $86.11 billion. Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. Exxon Mobil's revenue was up .1% compared to the same quarter last year. During the same quarter last year, the business earned $2.06 earnings per share. As a group, equities analysts forecast that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th will be paid a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.88%. The ex-dividend date of this dividend is Thursday, May 15th. Exxon Mobil's payout ratio is currently 52.52%.

About Exxon Mobil

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.