Certior Financial Group LLC purchased a new stake in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 7,209 shares of the oil and gas company's stock, valued at approximately $775,000.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fairway Wealth LLC acquired a new position in shares of Exxon Mobil in the fourth quarter worth about $31,000. Keystone Financial Group Inc. acquired a new position in shares of Exxon Mobil in the 4th quarter valued at approximately $36,000. Retirement Wealth Solutions LLC acquired a new stake in shares of Exxon Mobil during the fourth quarter worth approximately $46,000. Compass Planning Associates Inc acquired a new stake in shares of Exxon Mobil during the fourth quarter worth approximately $47,000. Finally, Synergy Investment Management LLC acquired a new stake in Exxon Mobil in the fourth quarter valued at $47,000. 61.80% of the stock is currently owned by institutional investors and hedge funds.
Exxon Mobil Trading Down 5.4 %
NYSE XOM traded down $5.76 on Thursday, hitting $100.04. The company's stock had a trading volume of 17,159,348 shares, compared to its average volume of 15,926,903. The firm has a market cap of $434.07 billion, a PE ratio of 12.69, a PEG ratio of 3.02 and a beta of 0.61. Exxon Mobil Co. has a 1-year low of $97.84 and a 1-year high of $126.34. The company's 50-day moving average is $110.61 and its 200 day moving average is $113.39. 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 (NYSE:XOM - Get Free Report) last issued its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 last year, the company posted $2.48 earnings per share. As a group, analysts predict that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.
Exxon Mobil Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Wednesday, February 12th were given a dividend of $0.99 per share. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.96%. Exxon Mobil's payout ratio is presently 50.51%.
Wall Street Analysts Forecast Growth
Several research firms have recently weighed in on XOM. Scotiabank dropped their target price on shares of Exxon Mobil from $145.00 to $140.00 in a research report on Friday, January 31st. The Goldman Sachs Group lowered their price objective on Exxon Mobil from $125.00 to $123.00 and set a "neutral" rating for the company in a report on Friday, January 31st. Barclays decreased their target price on Exxon Mobil from $137.00 to $135.00 and set an "overweight" rating for the company in a research report on Tuesday, March 18th. Bernstein Bank raised their price objective on Exxon Mobil from $138.00 to $144.00 and gave the stock an "overweight" rating in a research note on Friday, January 31st. Finally, TD Cowen lowered their target price on Exxon Mobil from $132.00 to $128.00 and set a "buy" rating for the company in a report on Monday, December 16th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $128.20.
Check Out Our Latest Report on Exxon Mobil
Insider Buying and Selling at Exxon Mobil
In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of Exxon Mobil stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total transaction of $231,000.00. Following the transaction, the vice president now directly owns 18,087 shares of the company's stock, valued at $1,989,570. The trade was a 10.40 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through 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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