Plato Investment Management Ltd grew its stake in Exxon Mobil Co. (NYSE:XOM - Free Report) by 4.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 78,669 shares of the oil and gas company's stock after acquiring an additional 3,245 shares during the quarter. Exxon Mobil comprises approximately 0.6% of Plato Investment Management Ltd's portfolio, making the stock its 25th biggest holding. Plato Investment Management Ltd's holdings in Exxon Mobil were worth $8,493,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also made changes to their positions in the company. Keystone Financial Group Inc. acquired a new stake in shares of Exxon Mobil during the 4th quarter worth about $36,000. Retirement Wealth Solutions LLC acquired a new stake in Exxon Mobil during the fourth quarter worth approximately $46,000. Compass Planning Associates Inc purchased a new stake in Exxon Mobil in the 4th quarter worth approximately $47,000. Peterson Financial Group Inc. acquired a new position in Exxon Mobil in the 3rd quarter valued at $51,000. Finally, Compass Financial Services Inc acquired a new position in Exxon Mobil in the 4th quarter valued at $48,000. Institutional investors and hedge funds own 61.80% of the company's stock.
Insider Transactions at Exxon Mobil
In related news, VP Darrin L. Talley sold 2,100 shares of the business's stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total value of $231,000.00. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.03% of the company's stock.
Exxon Mobil Stock Up 1.3 %
Shares of NYSE:XOM traded up $1.43 during trading on Friday, hitting $109.05. The company's stock had a trading volume of 19,611,416 shares, compared to its average volume of 14,967,943. Exxon Mobil Co. has a fifty-two week low of $103.67 and a fifty-two week high of $126.34. The stock's 50-day moving average price is $109.00 and its two-hundred day moving average price is $113.94. 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 company has a market capitalization of $473.20 billion, a PE ratio of 13.91, a PEG ratio of 3.02 and a beta of 0.89.
Exxon Mobil (NYSE:XOM - Get Free Report) last released 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 period in the previous year, the firm earned $2.48 EPS. As a group, sell-side analysts expect that Exxon Mobil Co. will post 7.43 EPS for the current year.
Exxon Mobil Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th will be issued a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.63%. The ex-dividend date of this dividend is Wednesday, February 12th. Exxon Mobil's dividend payout ratio is currently 50.51%.
Analysts Set New Price Targets
A number of equities research analysts have recently commented on the company. BMO Capital Markets lowered their price objective on Exxon Mobil from $130.00 to $123.00 and set a "market perform" rating for the company in a research report on Friday, January 31st. Mizuho lowered their price target on Exxon Mobil from $137.00 to $134.00 and set a "neutral" rating for the company in a report on Monday, December 16th. TD Cowen dropped their price objective on shares of Exxon Mobil from $132.00 to $128.00 and set a "buy" rating for the company in a research note on Monday, December 16th. JPMorgan Chase & Co. decreased their target price on shares of Exxon Mobil from $130.00 to $125.00 and set an "overweight" rating on the stock in a research report on Monday, December 16th. Finally, Argus raised shares of Exxon Mobil to a "strong-buy" rating in a research report on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Exxon Mobil presently has a consensus rating of "Moderate Buy" and an average target price of $129.25.
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About Exxon Mobil
(
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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