HighPoint Advisor Group LLC grew its holdings in Exxon Mobil Co. (NYSE:XOM - Free Report) by 1.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 179,571 shares of the oil and gas company's stock after acquiring an additional 2,909 shares during the period. Exxon Mobil comprises approximately 1.1% of HighPoint Advisor Group LLC's portfolio, making the stock its 14th largest position. HighPoint Advisor Group LLC's holdings in Exxon Mobil were worth $20,033,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of the stock. Fairway Wealth LLC acquired a new position in Exxon Mobil during the 4th quarter worth $31,000. Keystone Financial Group Inc. acquired a new position in shares of Exxon Mobil during the fourth quarter worth about $36,000. Retirement Wealth Solutions LLC purchased a new stake in shares of Exxon Mobil during the fourth quarter worth approximately $46,000. Compass Planning Associates Inc purchased 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 approximately $47,000. Hedge funds and other institutional investors own 61.80% of the company's stock.
Insider Buying and Selling
In other news, VP Darrin L. Talley sold 2,100 shares of the firm's stock in a transaction dated 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 in the company, valued at $1,989,570. This trade represents a 10.40 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.03% of the stock is currently owned by insiders.
Exxon Mobil Price Performance
XOM stock traded up $1.36 during trading on Monday, hitting $119.09. The stock had a trading volume of 21,644,704 shares, compared to its average volume of 15,729,953. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. The stock has a market cap of $516.73 billion, a price-to-earnings ratio of 15.19, a price-to-earnings-growth ratio of 3.02 and a beta of 0.83. The company's 50 day moving average price is $110.87 and its two-hundred day moving average price is $113.80. Exxon Mobil Co. has a 1-year low of $103.67 and a 1-year high of $126.34.
Exxon Mobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share for the quarter, missing analysts' consensus estimates 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 last year, the business posted $2.48 earnings per share. On average, sell-side analysts forecast that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.
Exxon Mobil Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Wednesday, February 12th were issued a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 3.33%. The ex-dividend date of this dividend was Wednesday, February 12th. Exxon Mobil's payout ratio is 50.51%.
Analyst Ratings Changes
A number of brokerages have commented on XOM. Argus raised shares of Exxon Mobil to a "strong-buy" rating in a research report on Tuesday, February 4th. UBS Group dropped their target price on Exxon Mobil from $149.00 to $147.00 and set a "buy" rating on the stock in a report on Thursday, December 12th. Scotiabank cut their price target on Exxon Mobil from $145.00 to $140.00 in a research note on Friday, January 31st. Wells Fargo & Company lowered their price objective on Exxon Mobil from $136.00 to $135.00 and set an "overweight" rating for the company in a research report on Monday, February 3rd. Finally, 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 report on Friday, January 31st. One analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $129.05.
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Exxon Mobil 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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