RiverFront Investment Group LLC Raises Stake in Exxon Mobil Co. (NYSE:XOM)

RiverFront Investment Group LLC grew its holdings in Exxon Mobil Co. (NYSE:XOM - Free Report) by 17.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 148,289 shares of the oil and gas company's stock after purchasing an additional 21,653 shares during the quarter. RiverFront Investment Group LLC's holdings in Exxon Mobil were worth $15,952,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in XOM. Geode Capital Management LLC grew its holdings in 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 valued at $10,777,735,000 after buying an additional 1,622,064 shares in the last quarter. Norges Bank acquired a new position in shares of Exxon Mobil during the 4th quarter valued at about $6,936,737,000. Bank of New York Mellon Corp grew its holdings in shares of Exxon Mobil by 14.4% in the fourth 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 purchasing an additional 5,538,694 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Exxon Mobil by 2.2% during the fourth 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 during the period. Finally, Franklin Resources Inc. boosted its holdings 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 last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

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Exxon Mobil Stock Up 1.0 %

Shares of Exxon Mobil stock traded up $1.12 on Monday, reaching $118.85. 10,561,959 shares of the company were exchanged, compared to its average volume of 15,937,702. The stock's 50 day moving average price is $110.73 and its 200-day moving average price is $113.74. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. Exxon Mobil Co. has a 1-year low of $103.67 and a 1-year high of $126.34. The company has a market cap of $515.70 billion, a P/E ratio of 15.16, a price-to-earnings-growth ratio of 3.02 and a beta of 0.83.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its quarterly 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 return on equity of 12.92% and a net margin of 9.63%. During the same quarter last year, the firm posted $2.48 EPS. As a group, equities analysts forecast that Exxon Mobil Co. will post 7.43 EPS for the current 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 given a dividend of $0.99 per share. The ex-dividend date was Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.33%. Exxon Mobil's dividend payout ratio (DPR) is presently 50.51%.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Bernstein Bank lifted their price target on shares of Exxon Mobil from $138.00 to $144.00 and gave the company an "overweight" rating in a research report on Friday, January 31st. Royal Bank of Canada restated a "sector perform" rating and issued a $115.00 target price on shares of Exxon Mobil in a research report on Monday, February 3rd. JPMorgan Chase & Co. lowered their price target on Exxon Mobil from $130.00 to $125.00 and set an "overweight" rating for the company in a report on Monday, December 16th. BMO Capital Markets decreased their target price 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. Finally, Barclays dropped their price target on shares of Exxon Mobil from $137.00 to $135.00 and set an "overweight" rating for the company in a research report on Tuesday, March 18th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $129.05.

Insider Activity

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the stock in a transaction that occurred 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 sale, the vice president now directly owns 18,087 shares of the company's stock, valued at approximately $1,989,570. This trade represents a 10.40 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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.