FineMark National Bank & Trust Increases Stock Position in Exxon Mobil Co. (NYSE:XOM)

FineMark National Bank & Trust raised its position in Exxon Mobil Co. (NYSE:XOM - Free Report) by 1.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 166,732 shares of the oil and gas company's stock after buying an additional 2,521 shares during the period. FineMark National Bank & Trust's holdings in Exxon Mobil were worth $17,935,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of XOM. Fairway Wealth LLC bought a new position in Exxon Mobil during the fourth quarter valued at about $31,000. Keystone Financial Group Inc. bought a new stake in shares of Exxon Mobil in the 4th quarter worth approximately $36,000. Retirement Wealth Solutions LLC bought a new position in Exxon Mobil during the fourth quarter valued at $46,000. Compass Planning Associates Inc purchased a new stake in Exxon Mobil in the fourth quarter worth $47,000. Finally, Synergy Investment Management LLC bought a new stake in shares of Exxon Mobil in the fourth quarter valued at $47,000. Institutional investors own 61.80% of the company's stock.

Exxon Mobil Price Performance

NYSE XOM traded up $0.81 on Tuesday, reaching $116.61. 12,080,693 shares of the company's stock traded hands, compared to its average volume of 14,963,363. The stock has a market cap of $505.99 billion, a PE ratio of 14.87, a P/E/G ratio of 3.02 and a beta of 0.83. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. Exxon Mobil Co. has a 12 month low of $103.67 and a 12 month high of $126.34. The stock has a 50-day simple moving average of $110.36 and a 200 day simple moving average of $113.61.

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Exxon Mobil (NYSE:XOM - Get Free Report) last posted 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 prior year, the company earned $2.48 earnings per share. As a group, research analysts predict that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Wednesday, February 12th were paid a $0.99 dividend. The ex-dividend date was Wednesday, February 12th. This represents a $3.96 annualized dividend and a dividend yield of 3.40%. Exxon Mobil's payout ratio is 50.51%.

Insider Buying and Selling

In other news, VP Darrin L. Talley sold 2,100 shares of Exxon Mobil stock in a transaction that occurred 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 completion of the transaction, the vice president now directly owns 18,087 shares in the company, valued at approximately $1,989,570. This trade represents a 10.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.03% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. TD Cowen cut their price target on Exxon Mobil from $132.00 to $128.00 and set a "buy" rating for the company in a research note on Monday, December 16th. Wells Fargo & Company cut their target price on shares of Exxon Mobil from $136.00 to $135.00 and set an "overweight" rating for the company in a research report on Monday, February 3rd. Bernstein Bank boosted their price target on shares of Exxon Mobil from $138.00 to $144.00 and gave the company an "overweight" rating in a research report on Friday, January 31st. Argus upgraded Exxon Mobil to a "strong-buy" rating in a research report on Tuesday, February 4th. Finally, Barclays reduced their price target 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. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Exxon Mobil has an average rating of "Moderate Buy" and an average target price of $129.15.

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.