Strategic Advisors LLC Raises Stock Position in Exxon Mobil Co. (NYSE:XOM)

Strategic Advisors LLC boosted its position in Exxon Mobil Co. (NYSE:XOM - Free Report) by 16.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 23,214 shares of the oil and gas company's stock after acquiring an additional 3,287 shares during the period. Strategic Advisors LLC's holdings in Exxon Mobil were worth $2,497,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of XOM. Keystone Financial Group Inc. bought a new position in Exxon Mobil in the 4th quarter worth $36,000. Retirement Wealth Solutions LLC purchased a new position in shares of Exxon Mobil during the fourth quarter valued at about $46,000. Compass Financial Services Inc bought a new position in Exxon Mobil in the fourth quarter worth about $48,000. Peterson Financial Group Inc. purchased a new stake in Exxon Mobil in the third quarter worth about $51,000. Finally, Highline Wealth Partners LLC bought a new stake in Exxon Mobil during the 3rd quarter valued at approximately $54,000. Hedge funds and other institutional investors own 61.80% of the company's stock.

Exxon Mobil Trading Down 1.0 %

Shares of NYSE XOM traded down $1.16 during trading hours on Friday, hitting $110.84. 6,684,855 shares of the company traded hands, compared to its average volume of 14,759,757. The company's 50 day moving average price is $108.60 and its 200 day moving average price is $114.52. Exxon Mobil Co. has a 12 month low of $102.88 and a 12 month high of $126.34. The stock has a market capitalization of $487.14 billion, a price-to-earnings ratio of 14.15, a price-to-earnings-growth ratio of 2.97 and a beta of 0.89. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its 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 net margin of 9.63% and a return on equity of 12.92%. During the same quarter in the previous 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 fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th will be given a dividend of $0.99 per share. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $3.96 annualized dividend and a dividend yield of 3.57%. Exxon Mobil's dividend payout ratio (DPR) is presently 50.51%.

Insider Activity

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 stock was sold at an average price of $110.00, for a total transaction of $231,000.00. Following the completion of the sale, 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.03% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on XOM. Royal Bank of Canada reissued a "sector perform" rating and issued a $115.00 target price on shares of Exxon Mobil in a research report on Monday, February 3rd. Bernstein Bank raised their target price on shares of Exxon Mobil from $138.00 to $144.00 and gave the company an "overweight" rating in a research note on Friday, January 31st. JPMorgan Chase & Co. dropped their price target 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. HSBC cut their target price on Exxon Mobil from $125.00 to $123.00 and set a "hold" rating on the stock in a research note on Friday, January 31st. Finally, BMO Capital Markets dropped 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 report on Friday, January 31st. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Exxon Mobil has an average rating of "Moderate Buy" and an average target price of $129.25.

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.