Bedell Frazier Investment Counselling LLC grew its stake in Exxon Mobil Co. (NYSE:XOM - Free Report) by 4.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 78,326 shares of the oil and gas company's stock after buying an additional 3,367 shares during the period. Exxon Mobil makes up approximately 2.1% of Bedell Frazier Investment Counselling LLC's holdings, making the stock its 14th biggest position. Bedell Frazier Investment Counselling LLC's holdings in Exxon Mobil were worth $8,426,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in the stock. Fairway Wealth LLC bought a new stake in shares of Exxon Mobil in the fourth quarter valued at approximately $31,000. Keystone Financial Group Inc. acquired a new stake in Exxon Mobil in the 4th quarter worth $36,000. Retirement Wealth Solutions LLC bought a new position in shares of Exxon Mobil during the 4th quarter worth about $46,000. Compass Planning Associates Inc acquired a new position in shares of Exxon Mobil during the fourth quarter valued at about $47,000. Finally, Synergy Investment Management LLC bought a new stake in shares of Exxon Mobil in the fourth quarter valued at about $47,000. Institutional investors own 61.80% of the company's stock.
Exxon Mobil Price Performance
Shares of XOM traded up $0.00 during mid-day trading on Tuesday, hitting $118.93. 12,421,849 shares of the company traded hands, compared to its average volume of 15,716,820. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $516.06 billion, a price-to-earnings ratio of 15.17, a PEG ratio of 3.02 and a beta of 0.83. The business has a 50-day moving average of $110.87 and a 200 day moving average of $113.80. Exxon Mobil Co. has a one year low of $103.67 and a one year high of $126.34.
Exxon Mobil (NYSE:XOM - Get Free Report) last released its earnings results on Friday, January 31st. The oil and gas company reported $1.67 EPS for the quarter, missing the consensus estimate 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 period last year, the firm earned $2.48 earnings per share. 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 firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th were given a dividend of $0.99 per share. The ex-dividend date was Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a yield of 3.33%. Exxon Mobil's payout ratio is presently 50.51%.
Wall Street Analyst Weigh In
XOM has been the subject of several recent research reports. Scotiabank cut their price target on Exxon Mobil from $145.00 to $140.00 in a report on Friday, January 31st. The Goldman Sachs Group reduced their target price on Exxon Mobil from $125.00 to $123.00 and set a "neutral" rating for the company in a research report on Friday, January 31st. Barclays lowered their price target on shares of Exxon Mobil from $137.00 to $135.00 and set an "overweight" rating on the stock in a report on Tuesday, March 18th. JPMorgan Chase & Co. lowered their target price on shares of Exxon Mobil from $130.00 to $125.00 and set an "overweight" rating on the stock in a research note on Monday, December 16th. Finally, BMO Capital Markets lowered 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. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Exxon Mobil presently has a consensus rating of "Moderate Buy" and an average target price of $129.05.
Read Our Latest Stock Analysis on XOM
Insider Activity
In related news, VP Darrin L. Talley sold 2,100 shares of the stock in a transaction that occurred on 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.03% of the company's stock.
Exxon Mobil Company Profile
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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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