IronOak Wealth LLC. Makes New Investment in Exxon Mobil Co. (NYSE:XOM)

IronOak Wealth LLC. acquired a new position in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 14,092 shares of the oil and gas company's stock, valued at approximately $1,516,000. Exxon Mobil comprises about 1.7% of IronOak Wealth LLC.'s holdings, making the stock its 22nd biggest holding.

Several other hedge funds also recently modified their holdings of the company. 10Elms LLP acquired a new position in Exxon Mobil in the fourth quarter valued at about $25,000. Fairway Wealth LLC acquired a new position in Exxon Mobil during the fourth quarter worth approximately $31,000. Capital A Wealth Management LLC acquired a new position in shares of Exxon Mobil in the fourth quarter valued at approximately $32,000. Keystone Financial Group Inc. acquired a new position in shares of Exxon Mobil in the fourth quarter valued at about $36,000. Finally, Compass Planning Associates Inc bought a new stake in shares of Exxon Mobil in the fourth quarter valued at approximately $47,000. Institutional investors and hedge funds own 61.80% of the company's stock.

Exxon Mobil Trading Down 0.9%

Shares of XOM stock traded down $0.88 during trading hours on Friday, hitting $101.81. 7,331,914 shares of the company were exchanged, compared to its average volume of 15,514,999. The company has a 50 day simple moving average of $107.24 and a two-hundred day simple moving average of $109.90. The firm has a market cap of $438.76 billion, a P/E ratio of 12.99, a P/E/G ratio of 3.02 and a beta of 0.51. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. Exxon Mobil Co. has a fifty-two week low of $97.80 and a fifty-two week high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.73 by $0.03. The firm had revenue of $83.13 billion during the quarter, compared to the consensus estimate of $86.11 billion. Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. The business's revenue was up .1% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.06 earnings per share. Equities analysts anticipate 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. Investors of record on Thursday, May 15th will be paid a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 3.89%. The ex-dividend date of this dividend is Thursday, May 15th. Exxon Mobil's dividend payout ratio (DPR) is currently 52.52%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Morgan Stanley cut their price target on shares of Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating for the company in a report on Thursday, March 27th. HSBC reduced their target price on Exxon Mobil from $125.00 to $123.00 and set a "hold" rating on the stock in a report on Friday, January 31st. BMO Capital Markets reduced their price objective on Exxon Mobil from $130.00 to $123.00 and set a "market perform" rating on the stock in a research note on Friday, January 31st. Barclays reissued a "hold" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Finally, Wells Fargo & Company decreased their price target on shares of Exxon Mobil from $136.00 to $135.00 and set an "overweight" rating on the stock in a report on Monday, February 3rd. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Exxon Mobil currently has an average rating of "Moderate Buy" and an average target price of $125.50.

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.