Jaffetilchin Investment Partners LLC Has $1.33 Million Stake in Exxon Mobil Co. (NYSE:XOM)

Jaffetilchin Investment Partners LLC decreased its holdings in Exxon Mobil Co. (NYSE:XOM - Free Report) by 28.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 12,352 shares of the oil and gas company's stock after selling 4,811 shares during the quarter. Jaffetilchin Investment Partners LLC's holdings in Exxon Mobil were worth $1,329,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Geode Capital Management LLC boosted its stake in Exxon Mobil by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 93,299,598 shares of the oil and gas company's stock worth $10,023,875,000 after purchasing an additional 1,104,617 shares in the last quarter. Norges Bank bought a new position in Exxon Mobil during the 4th quarter worth approximately $6,936,737,000. Bank of New York Mellon Corp grew its holdings in shares of Exxon Mobil by 14.4% in the 4th quarter. Bank of New York Mellon Corp now owns 43,983,110 shares of the oil and gas company's stock valued at $4,731,263,000 after buying an additional 5,538,694 shares during the period. Franklin Resources Inc. grew its stake in Exxon Mobil by 13.1% in the fourth quarter. Franklin Resources Inc. now owns 35,662,602 shares of the oil and gas company's stock valued at $3,836,226,000 after acquiring an additional 4,140,046 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in Exxon Mobil by 2.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 31,860,532 shares of the oil and gas company's stock worth $3,427,237,000 after purchasing an additional 700,415 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

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Insider Activity at Exxon Mobil

In other 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 value of $231,000.00. Following the transaction, the vice president now owns 18,087 shares in the company, valued at approximately $1,989,570. This trade represents a 10.40 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.03% of the stock is owned by insiders.

Exxon Mobil Stock Performance

Exxon Mobil stock traded up $0.17 during midday trading on Monday, hitting $103.31. The company's stock had a trading volume of 18,018,068 shares, compared to its average volume of 15,991,337. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. The company has a market cap of $446.85 billion, a price-to-earnings ratio of 13.18, a PEG ratio of 3.02 and a beta of 0.61. Exxon Mobil Co. has a 1-year low of $97.80 and a 1-year high of $126.34. The company has a 50-day moving average price of $110.33 and a two-hundred day moving average price of $113.19.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (EPS) 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 prior year, the firm earned $2.48 earnings per share. As a group, sell-side analysts predict 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 given a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.83%. The ex-dividend date of this dividend was Wednesday, February 12th. Exxon Mobil's payout ratio is currently 50.51%.

Analysts Set New Price Targets

Several research firms have recently weighed in on XOM. Bernstein Bank upped their price objective on Exxon Mobil from $138.00 to $144.00 and gave the stock an "overweight" rating in a research report on Friday, January 31st. JPMorgan Chase & Co. lowered their price objective on shares of Exxon Mobil from $130.00 to $125.00 and set an "overweight" rating on the stock in a report on Monday, December 16th. Argus raised shares of Exxon Mobil to a "strong-buy" rating in a research report on Tuesday, February 4th. UBS Group decreased their target price on shares of Exxon Mobil from $135.00 to $131.00 and set a "buy" rating for the company in a research report on Monday. Finally, Scotiabank cut their price target on shares of Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating on the stock in a research report on Friday. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $126.75.

Exxon Mobil Profile

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.