Fortis Group Advisors LLC increased its stake in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 29.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,713 shares of the oil and gas company's stock after purchasing an additional 11,779 shares during the quarter. Fortis Group Advisors LLC's holdings in Exxon Mobil were worth $5,563,000 at the end of the most recent quarter.
A number of other hedge funds also recently bought and sold shares of XOM. Keystone Financial Group Inc. acquired a new stake in Exxon Mobil during the fourth quarter worth approximately $36,000. Retirement Wealth Solutions LLC acquired a new position in shares of Exxon Mobil in the fourth quarter valued at approximately $46,000. Compass Financial Services Inc purchased a new position in Exxon Mobil during the 4th quarter worth $48,000. Peterson Financial Group Inc. acquired a new stake in Exxon Mobil in the third quarter valued at about $51,000. Finally, Highline Wealth Partners LLC acquired a new stake in shares of Exxon Mobil in the 3rd quarter valued at approximately $54,000. Institutional investors and hedge funds own 61.80% of the company's stock.
Exxon Mobil Stock Down 1.2 %
Shares of XOM traded down $1.33 during trading hours on Friday, reaching $110.67. 14,676,984 shares of the stock traded hands, compared to its average volume of 15,010,274. 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 company has a market cap of $486.39 billion, a price-to-earnings ratio of 14.12, a PEG ratio of 2.97 and a beta of 0.89. The stock has a fifty day simple moving average of $108.60 and a 200 day simple moving average of $114.52. Exxon Mobil Co. has a 52 week low of $102.88 and a 52 week high of $126.34.
Exxon Mobil (NYSE:XOM - Get Free Report) last released 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 net margin of 9.63% and a return on equity of 12.92%. During the same period in the previous year, the firm posted $2.48 earnings per share. On average, equities analysts forecast that Exxon Mobil Co. will post 7.43 EPS for the current year.
Exxon Mobil Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Wednesday, February 12th will be paid a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.58%. The ex-dividend date of this dividend is Wednesday, February 12th. Exxon Mobil's payout ratio is currently 50.51%.
Wall Street Analysts Forecast Growth
XOM has been the topic of a number of research reports. Bernstein Bank upped their price target on Exxon Mobil from $138.00 to $144.00 and gave the stock an "overweight" rating in a report on Friday, January 31st. Scotiabank reduced their price target on Exxon Mobil from $145.00 to $140.00 in a research note on Friday, January 31st. HSBC dropped their price target on shares of Exxon Mobil from $125.00 to $123.00 and set a "hold" rating for the company in a research report on Friday, January 31st. Mizuho cut their price objective on Exxon Mobil from $137.00 to $134.00 and set a "neutral" rating on the stock in a report on Monday, December 16th. Finally, Morgan Stanley lifted their target price on shares of Exxon Mobil from $139.00 to $140.00 in a report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, Exxon Mobil currently has an average rating of "Moderate Buy" and an average target price of $129.25.
Get Our Latest Analysis on XOM
Insider Transactions at Exxon Mobil
In other news, VP Darrin L. Talley sold 2,100 shares of the business's stock in a transaction 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 owns 18,087 shares of the company's stock, valued at approximately $1,989,570. The trade was a 10.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.03% of the stock is owned by insiders.
Exxon Mobil Profile
(
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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