AssuredPartners Investment Advisors LLC Buys New Position in Exxon Mobil Co. (NYSE:XOM)

AssuredPartners Investment Advisors LLC 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 Form 13F filing with the Securities and Exchange Commission. The firm bought 42,450 shares of the oil and gas company's stock, valued at approximately $4,566,000. Exxon Mobil accounts for approximately 0.9% of AssuredPartners Investment Advisors LLC's investment portfolio, making the stock its 24th biggest position.

A number of other large investors also recently added to or reduced their stakes in the business. Bank of New York Mellon Corp boosted its stake in Exxon Mobil by 14.4% during the fourth quarter. Bank of New York Mellon Corp now owns 43,983,110 shares of the oil and gas company's stock valued at $4,731,263,000 after buying an additional 5,538,694 shares during the last quarter. Pacer Advisors Inc. raised its holdings in shares of Exxon Mobil by 1,524.1% during the 4th quarter. Pacer Advisors Inc. now owns 5,445,922 shares of the oil and gas company's stock worth $585,818,000 after acquiring an additional 5,110,603 shares in the last quarter. Franklin Resources Inc. raised its holdings in shares of Exxon Mobil by 16.3% during the 3rd quarter. Franklin Resources Inc. now owns 31,522,556 shares of the oil and gas company's stock worth $3,936,929,000 after acquiring an additional 4,415,012 shares in the last quarter. Proficio Capital Partners LLC boosted its position in shares of Exxon Mobil by 13,899.5% during the 4th quarter. Proficio Capital Partners LLC now owns 1,888,812 shares of the oil and gas company's stock valued at $1,963,000 after acquiring an additional 1,875,320 shares during the last quarter. Finally, Strategic Financial Concepts LLC grew its holdings in shares of Exxon Mobil by 11,131.0% in the fourth quarter. Strategic Financial Concepts LLC now owns 1,792,811 shares of the oil and gas company's stock valued at $192,853,000 after purchasing an additional 1,776,848 shares in the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

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Exxon Mobil Stock Down 0.2 %

NYSE:XOM traded down $0.23 during mid-day trading on Friday, reaching $117.66. The company's stock had a trading volume of 10,220,644 shares, compared to its average volume of 15,706,266. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. Exxon Mobil Co. has a 1 year low of $103.67 and a 1 year high of $126.34. The stock has a fifty day moving average of $110.73 and a 200-day moving average of $113.69. The firm has a market capitalization of $510.53 billion, a PE ratio of 15.01, a price-to-earnings-growth ratio of 3.02 and a beta of 0.83.

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 earnings per share for the quarter, missing the consensus estimate of $1.77 by ($0.10). Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. During the same quarter in the previous year, the firm posted $2.48 earnings per share. Equities research analysts forecast that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th were given a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 3.37%. The ex-dividend date was Wednesday, February 12th. Exxon Mobil's payout ratio is 50.51%.

Analyst Ratings Changes

Several research firms have commented on XOM. Morgan Stanley lowered their price objective 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. Royal Bank of Canada restated a "sector perform" rating and set a $115.00 target price on shares of Exxon Mobil in a research report on Monday, February 3rd. The Goldman Sachs Group decreased their price objective on Exxon Mobil from $125.00 to $123.00 and set a "neutral" rating on the stock in a research report on Friday, January 31st. Bernstein Bank lifted their price objective on shares of Exxon Mobil from $138.00 to $144.00 and gave the stock an "overweight" rating in a research note on Friday, January 31st. Finally, BMO Capital Markets reduced their target price on shares of 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. One analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $129.05.

Insider Buying and Selling

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the business'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 completion of the transaction, the vice president now directly owns 18,087 shares in the company, valued at approximately $1,989,570. The trade was a 10.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.03% of the stock is currently owned by company insiders.

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.