29,781 Shares in Exxon Mobil Co. (NYSE:XOM) Acquired by Inkwell Capital LLC

Inkwell Capital LLC acquired a new stake in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 29,781 shares of the oil and gas company's stock, valued at approximately $3,204,000. Exxon Mobil accounts for 3.4% of Inkwell Capital LLC's investment portfolio, making the stock its 16th largest position.

A number of other hedge funds and other institutional investors also recently made changes to their positions in XOM. Geode Capital Management LLC boosted its position in shares of Exxon Mobil by 1.8% in the 3rd quarter. Geode Capital Management LLC now owns 92,194,981 shares of the oil and gas company's stock worth $10,777,735,000 after purchasing an additional 1,622,064 shares during the last quarter. Norges Bank bought a new position in Exxon Mobil in the fourth quarter valued at $6,936,737,000. Bank of New York Mellon Corp raised its stake in shares of Exxon Mobil by 14.4% during the 4th quarter. Bank of New York Mellon Corp now owns 43,983,110 shares of the oil and gas company's stock worth $4,731,263,000 after purchasing an additional 5,538,694 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Exxon Mobil by 2.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 31,860,532 shares of the oil and gas company's stock valued at $3,427,237,000 after purchasing an additional 700,415 shares during the last quarter. Finally, Franklin Resources Inc. boosted its stake in Exxon Mobil by 16.3% in the 3rd quarter. Franklin Resources Inc. now owns 31,522,556 shares of the oil and gas company's stock valued at $3,936,929,000 after purchasing an additional 4,415,012 shares during the period. 61.80% of the stock is owned by institutional investors.

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Analyst Upgrades and Downgrades

XOM has been the topic of a number of research analyst reports. Wells Fargo & Company reduced their target price on Exxon Mobil from $136.00 to $135.00 and set an "overweight" rating on the stock in a report on Monday, February 3rd. Barclays reduced their price objective on shares of Exxon Mobil from $137.00 to $135.00 and set an "overweight" rating on the stock in a research note on Tuesday, March 18th. Bernstein Bank increased their target price on shares of Exxon Mobil from $138.00 to $144.00 and gave the stock an "overweight" rating in a research note on Friday, January 31st. Argus upgraded shares of Exxon Mobil to a "strong-buy" rating in a report on Tuesday, February 4th. Finally, BMO Capital Markets dropped their price target on shares of Exxon Mobil from $130.00 to $123.00 and set a "market perform" rating on the stock in a research report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $129.05.

Exxon Mobil Stock Performance

Shares of XOM stock traded up $1.36 during mid-day trading on Monday, reaching $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 current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. Exxon Mobil Co. has a 1-year low of $103.67 and a 1-year high of $126.34. The business's fifty day moving average is $110.73 and its 200-day moving average is $113.74. The firm has a market cap of $516.73 billion, a price-to-earnings ratio of 15.19, a PEG ratio of 3.02 and a beta of 0.83.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its earnings results on Friday, January 31st. The oil and gas company reported $1.67 EPS 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 period last year, the firm earned $2.48 EPS. On average, research analysts forecast that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Wednesday, February 12th were issued a $0.99 dividend. The ex-dividend date was Wednesday, February 12th. This represents a $3.96 annualized dividend and a dividend yield of 3.33%. Exxon Mobil's dividend payout ratio is presently 50.51%.

Insider Activity

In related news, VP Darrin L. Talley sold 2,100 shares of the business's 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 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 document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.03% of the company's stock.

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.