Mascagni Wealth Management Inc. Makes New Investment in Exxon Mobil Co. (NYSE:XOM)

Mascagni Wealth Management Inc. acquired a new stake in Exxon Mobil Co. (NYSE:XOM - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 8,812 shares of the oil and gas company's stock, valued at approximately $948,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Tallon Kerry Patrick purchased a new stake in shares of Exxon Mobil during the fourth quarter worth about $789,000. Eclectic Associates Inc. ADV grew its stake in shares of Exxon Mobil by 1.6% in the 4th quarter. Eclectic Associates Inc. ADV now owns 13,585 shares of the oil and gas company's stock valued at $1,461,000 after buying an additional 215 shares during the period. Atlas Private Wealth Advisors lifted its holdings in shares of Exxon Mobil by 2.3% in the 4th quarter. Atlas Private Wealth Advisors now owns 18,556 shares of the oil and gas company's stock worth $1,996,000 after acquiring an additional 418 shares during the last quarter. Cottonwood Capital Advisors LLC lifted its holdings in shares of Exxon Mobil by 8.3% in the 4th quarter. Cottonwood Capital Advisors LLC now owns 3,619 shares of the oil and gas company's stock worth $389,000 after acquiring an additional 276 shares during the last quarter. Finally, apricus wealth LLC lifted its holdings in shares of Exxon Mobil by 6.8% in the 4th quarter. apricus wealth LLC now owns 8,282 shares of the oil and gas company's stock worth $891,000 after acquiring an additional 524 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company's stock.

Exxon Mobil Trading Up 0.6%

Exxon Mobil stock traded up $0.59 during trading on Thursday, reaching $102.70. The company had a trading volume of 13,824,864 shares, compared to its average volume of 15,546,807. Exxon Mobil Co. has a 12-month low of $97.80 and a 12-month high of $126.34. The stock's 50 day moving average price is $107.50 and its two-hundred day moving average price is $110.02. The firm has a market capitalization of $442.59 billion, a price-to-earnings ratio of 13.10, a PEG 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 (NYSE:XOM - Get Free Report) last released its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.73 by $0.03. Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. The company had revenue of $83.13 billion during the quarter, compared to the consensus estimate of $86.11 billion. During the same period in the previous year, the firm earned $2.06 earnings per share. Exxon Mobil's revenue for the quarter was up .1% on a year-over-year basis. As a group, equities analysts expect that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th will be given a dividend of $0.99 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.86%. Exxon Mobil's payout ratio is currently 52.52%.

Wall Street Analysts Forecast Growth

XOM has been the subject of several recent research reports. Morgan Stanley decreased their price objective on Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating for the company in a research note on Thursday, March 27th. HSBC dropped their target price on shares of Exxon Mobil from $125.00 to $123.00 and set a "hold" rating on the stock in a research report on Friday, January 31st. The Goldman Sachs Group lowered 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 report on Friday, January 31st. Argus raised shares of Exxon Mobil to a "strong-buy" rating in a research report on Tuesday, February 4th. Finally, UBS Group lowered their target price on shares of Exxon Mobil from $135.00 to $131.00 and set a "buy" rating on the stock in a report on Monday, April 14th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $125.50.

Exxon Mobil 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.