Stamos Capital Partners L.P. lifted its position in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 20.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 117,770 shares of the oil and gas company's stock after purchasing an additional 20,030 shares during the period. Exxon Mobil comprises about 3.0% of Stamos Capital Partners L.P.'s holdings, making the stock its 4th largest position. Stamos Capital Partners L.P.'s holdings in Exxon Mobil were worth $12,669,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in the company. Fairway Wealth LLC purchased a new stake in shares of Exxon Mobil during the fourth quarter worth approximately $31,000. Keystone Financial Group Inc. purchased a new position in Exxon Mobil in the 4th quarter valued at approximately $36,000. Retirement Wealth Solutions LLC acquired a new position in shares of Exxon Mobil during the 4th quarter worth $46,000. Compass Planning Associates Inc purchased a new position in shares of Exxon Mobil during the 4th quarter worth approximately $47,000. Finally, Synergy Investment Management LLC acquired a new position in shares of Exxon Mobil in the fourth quarter worth $47,000. 61.80% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
XOM has been the subject of several recent analyst reports. Wells Fargo & Company lowered their target price on shares of Exxon Mobil from $136.00 to $135.00 and set an "overweight" rating for the company in a research note on Monday, February 3rd. The Goldman Sachs Group lowered their price objective on shares of Exxon Mobil from $125.00 to $123.00 and set a "neutral" rating for the company in a research note on Friday, January 31st. UBS Group cut their target price on Exxon Mobil from $135.00 to $131.00 and set a "buy" rating on the stock in a research report on Monday. Mizuho lowered their price target on Exxon Mobil from $131.00 to $129.00 and set a "neutral" rating for the company in a research report on Thursday, April 3rd. Finally, HSBC cut their price objective on Exxon Mobil from $125.00 to $123.00 and set a "hold" rating on the stock in a report on Friday, January 31st. 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 stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $126.75.
Check Out Our Latest Report on XOM
Insider Buying and Selling at Exxon Mobil
In related news, VP Darrin L. Talley sold 2,100 shares of the stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total transaction of $231,000.00. Following the sale, the vice president now owns 18,087 shares in the company, valued at $1,989,570. This represents a 10.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.03% of the stock is currently owned by insiders.
Exxon Mobil Stock Up 1.8 %
Shares of Exxon Mobil stock traded up $1.91 on Tuesday, hitting $105.30. 1,026,934 shares of the company's stock traded hands, compared to its average volume of 15,934,164. Exxon Mobil Co. has a 52-week low of $97.80 and a 52-week high of $126.34. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. The stock has a market cap of $455.46 billion, a P/E ratio of 13.39, a PEG ratio of 3.02 and a beta of 0.61. The firm's 50-day moving average is $110.20 and its 200 day moving average is $113.10.
Exxon Mobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 earnings per share 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 business earned $2.48 EPS. Equities analysts anticipate that Exxon Mobil Co. will post 7.43 earnings per share for the current year.
Exxon Mobil Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Wednesday, February 12th were issued a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.76%. The ex-dividend date was Wednesday, February 12th. Exxon Mobil's dividend payout ratio is currently 50.51%.
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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