Fonville Wealth Management LLC Acquires 4,538 Shares of Exxon Mobil Corporation (NYSE:XOM)

Fonville Wealth Management LLC lifted its position in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 92.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 9,445 shares of the oil and gas company's stock after purchasing an additional 4,538 shares during the quarter. Fonville Wealth Management LLC's holdings in Exxon Mobil were worth $1,117,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in XOM. Proficio Capital Partners LLC grew its holdings in Exxon Mobil by 35.3% during the 4th quarter. Proficio Capital Partners LLC now owns 18,252 shares of the oil and gas company's stock worth $1,963,000 after acquiring an additional 4,760 shares during the last quarter. Skandinaviska Enskilda Banken AB publ acquired a new position in Exxon Mobil during the 4th quarter valued at about $8,588,000. Aviso Financial Inc. lifted its position in Exxon Mobil by 6.9% during the 4th quarter. Aviso Financial Inc. now owns 8,899 shares of the oil and gas company's stock valued at $957,000 after purchasing an additional 573 shares during the period. Buckley Wealth Management LLC lifted its position in Exxon Mobil by 4.9% during the 4th quarter. Buckley Wealth Management LLC now owns 110,156 shares of the oil and gas company's stock valued at $11,849,000 after purchasing an additional 5,180 shares during the period. Finally, Hills Bank & Trust Co lifted its position in Exxon Mobil by 1.5% during the 4th quarter. Hills Bank & Trust Co now owns 44,890 shares of the oil and gas company's stock valued at $4,829,000 after purchasing an additional 679 shares during the period. Institutional investors own 61.80% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Mizuho cut their target price on shares of Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 13th. Barclays restated a "hold" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Wells Fargo & Company set a $127.00 target price on shares of Exxon Mobil and gave the company an "overweight" rating in a research report on Thursday, June 26th. TD Cowen increased their price target on shares of Exxon Mobil from $120.00 to $128.00 and gave the company a "buy" rating in a research report on Monday, June 23rd. Finally, Morgan Stanley cut their price target on shares of Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating on the stock in a research report on Thursday, March 27th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Exxon Mobil presently has an average rating of "Moderate Buy" and a consensus target price of $126.05.

Exxon Mobil Stock Up 0.4%

XOM stock traded up $0.47 during mid-day trading on Friday, hitting $115.40. 11,683,034 shares of the company were exchanged, compared to its average volume of 15,814,693. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.90 and a current ratio of 1.24. The firm has a market cap of $497.33 billion, a P/E ratio of 15.31, a P/E/G ratio of 2.22 and a beta of 0.50. The firm's 50 day simple moving average is $108.01 and its 200 day simple moving average is $108.79. Exxon Mobil Corporation has a 1-year low of $97.80 and a 1-year high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 EPS for the quarter, topping the consensus estimate of $1.73 by $0.03. The firm had revenue of $83.13 billion for the quarter, compared to the consensus estimate of $86.11 billion. Exxon Mobil had a net margin of 9.49% and a return on equity of 12.06%. The business's quarterly revenue was up .1% on a year-over-year basis. During the same period last year, the company posted $2.06 EPS. On average, sell-side analysts predict that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th were paid a dividend of $0.99 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $3.96 annualized dividend and a dividend yield of 3.43%. Exxon Mobil's dividend 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.