Mission Creek Capital Partners Inc. increased its stake in Exxon Mobil Co. (NYSE:XOM - Free Report) by 41.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 33,298 shares of the oil and gas company's stock after acquiring an additional 9,756 shares during the quarter. Mission Creek Capital Partners Inc.'s holdings in Exxon Mobil were worth $3,582,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. West Oak Capital LLC raised its stake in Exxon Mobil by 0.6% during the fourth quarter. West Oak Capital LLC now owns 16,207 shares of the oil and gas company's stock worth $1,743,000 after buying an additional 92 shares during the last quarter. Beacon Capital Management LLC raised its position in shares of Exxon Mobil by 1.1% in the 4th quarter. Beacon Capital Management LLC now owns 8,582 shares of the oil and gas company's stock worth $923,000 after acquiring an additional 93 shares in the last quarter. Cadent Capital Advisors LLC lifted its stake in shares of Exxon Mobil by 0.3% in the 4th quarter. Cadent Capital Advisors LLC now owns 37,372 shares of the oil and gas company's stock valued at $4,020,000 after purchasing an additional 94 shares during the period. Lincoln Capital LLC boosted its position in shares of Exxon Mobil by 1.1% during the 4th quarter. Lincoln Capital LLC now owns 8,521 shares of the oil and gas company's stock valued at $917,000 after purchasing an additional 94 shares in the last quarter. Finally, Altus Wealth Group LLC grew its stake in Exxon Mobil by 0.9% during the fourth quarter. Altus Wealth Group LLC now owns 10,130 shares of the oil and gas company's stock worth $1,090,000 after purchasing an additional 94 shares during the period. 61.80% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Several equities analysts have issued reports on XOM shares. The Goldman Sachs Group dropped their price target on Exxon Mobil from $125.00 to $123.00 and set a "neutral" rating on the stock in a research note on Friday, January 31st. Morgan Stanley cut their target price on shares of Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating on the stock in a research note on Thursday, March 27th. HSBC decreased 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 note on Friday, January 31st. Scotiabank cut their price objective 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, April 11th. Finally, UBS Group decreased their target price on Exxon Mobil from $135.00 to $131.00 and set a "buy" rating for the company in a research report on Monday, April 14th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $126.50.
View Our Latest Report on Exxon Mobil
Insider Activity
In other Exxon Mobil 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 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 document filed with the Securities & Exchange Commission, which is accessible through this link. 0.03% of the stock is currently owned by corporate insiders.
Exxon Mobil Trading Down 0.0 %
NYSE XOM opened at $108.61 on Friday. 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 business has a fifty day simple moving average of $109.75 and a 200 day simple moving average of $112.20. Exxon Mobil Co. has a 12 month low of $97.80 and a 12 month high of $126.34. The firm has a market capitalization of $469.77 billion, a P/E ratio of 13.85, a PEG ratio of 3.02 and a beta of 0.61.
Exxon Mobil (NYSE:XOM - Get Free Report) last announced its earnings results on Friday, January 31st. The oil and gas company reported $1.67 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 quarter in the previous year, the company posted $2.48 earnings per share. On average, analysts predict that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.
Exxon Mobil Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders 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 dividend on an annualized basis and a dividend yield of 3.65%. Exxon Mobil's payout ratio is presently 50.51%.
Exxon Mobil Company 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.
Featured Stories
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