3Chopt Investment Partners LLC grew its stake in Exxon Mobil Co. (NYSE:XOM - Free Report) by 61.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,706 shares of the oil and gas company's stock after purchasing an additional 8,249 shares during the quarter. 3Chopt Investment Partners LLC's holdings in Exxon Mobil were worth $2,335,000 at the end of the most recent quarter.
A number of other institutional investors also recently bought and sold shares of the stock. Fairway Wealth LLC bought a new stake in shares of Exxon Mobil during the fourth quarter valued at approximately $31,000. Keystone Financial Group Inc. bought a new stake in shares of Exxon Mobil during the 4th quarter valued at $36,000. Retirement Wealth Solutions LLC purchased a new stake in shares of Exxon Mobil in the 4th quarter worth about $46,000. Compass Planning Associates Inc bought a new position in shares of Exxon Mobil in the 4th quarter worth about $47,000. Finally, Synergy Investment Management LLC purchased a new position in Exxon Mobil during the 4th quarter valued at about $47,000. 61.80% of the stock is owned by institutional investors.
Exxon Mobil Price Performance
Shares of NYSE XOM traded up $1.98 during midday trading on Tuesday, reaching $105.37. 1,026,934 shares of the stock traded hands, compared to its average volume of 15,934,164. The company's 50 day moving average is $110.20 and its 200 day moving average is $113.10. Exxon Mobil Co. has a one year low of $97.80 and a one year 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. The stock has a market capitalization of $455.74 billion, a PE ratio of 13.39, a P/E/G ratio of 3.02 and a beta of 0.61.
Exxon Mobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 EPS for the quarter, missing analysts' consensus estimates of $1.77 by ($0.10). Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. During the same quarter in the prior year, the company posted $2.48 earnings per share. On average, equities research analysts anticipate that Exxon Mobil Co. will post 7.43 earnings per share for the current year.
Exxon Mobil Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th were paid a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.76%. The ex-dividend date of this dividend was Wednesday, February 12th. Exxon Mobil's payout ratio is 50.51%.
Analyst Upgrades and Downgrades
A number of analysts have recently commented on the company. Mizuho dropped their price target on Exxon Mobil from $131.00 to $129.00 and set a "neutral" rating on the stock in a research report on Thursday, April 3rd. Wells Fargo & Company lowered their price target on Exxon Mobil from $136.00 to $135.00 and set an "overweight" rating for the company in a research report on Monday, February 3rd. Scotiabank cut their price objective on shares of Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating on the stock in a research report on Friday. The Goldman Sachs Group decreased their target price on shares of Exxon Mobil from $125.00 to $123.00 and set a "neutral" rating for the company in a report on Friday, January 31st. Finally, Morgan Stanley dropped their target price on shares of Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating on the stock in a report on Thursday, March 27th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Exxon Mobil presently has an average rating of "Moderate Buy" and an average target price of $126.75.
Get Our Latest Research Report on XOM
Insider Buying and Selling at Exxon Mobil
In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the company's stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total value of $231,000.00. Following the transaction, the vice president now directly owns 18,087 shares in the company, valued at $1,989,570. This represents a 10.40 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.03% of the company's stock.
About Exxon Mobil
(
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.
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