Stonehaven Wealth & Tax Solutions LLC Buys New Position in Exxon Mobil Co. (NYSE:XOM)

Stonehaven Wealth & Tax Solutions LLC acquired a new position in Exxon Mobil Co. (NYSE:XOM - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 2,906 shares of the oil and gas company's stock, valued at approximately $313,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. 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 boosted its stake in shares of Exxon Mobil by 14.4% during 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. Pacer Advisors Inc. grew its holdings in shares of Exxon Mobil by 1,524.1% in the fourth quarter. Pacer Advisors Inc. now owns 5,445,922 shares of the oil and gas company's stock worth $585,818,000 after purchasing an additional 5,110,603 shares during the last quarter. Franklin Resources Inc. increased its stake in shares of Exxon Mobil by 16.3% in the third quarter. Franklin Resources Inc. now owns 31,522,556 shares of the oil and gas company's stock worth $3,936,929,000 after buying an additional 4,415,012 shares during the period. Finally, Proficio Capital Partners LLC raised its holdings in Exxon Mobil by 13,899.5% during the 4th quarter. Proficio Capital Partners LLC now owns 1,888,812 shares of the oil and gas company's stock valued at $1,963,000 after buying an additional 1,875,320 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company's stock.

Exxon Mobil Stock Up 2.5 %

NYSE:XOM traded up $2.65 during trading hours on Friday, reaching $106.84. 17,830,092 shares of the company traded hands, compared to its average volume of 15,979,540. 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's 50-day moving average price is $109.92 and its two-hundred day moving average price is $112.90. Exxon Mobil Co. has a 1 year low of $97.80 and a 1 year high of $126.34. The stock has a market capitalization of $462.12 billion, a P/E ratio of 13.63, a P/E/G ratio of 3.02 and a beta of 0.61.

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 earnings per share (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 period in the previous year, the business posted $2.48 earnings per share. Analysts predict that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Wednesday, February 12th were given a $0.99 dividend. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $3.96 annualized dividend and a yield of 3.71%. Exxon Mobil's dividend payout ratio (DPR) is presently 50.51%.

Insider Buying and Selling at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,100 shares of the firm's 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 of the company's stock, valued at $1,989,570. This trade represents a 10.40 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.03% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on XOM. Argus raised shares of Exxon Mobil to a "strong-buy" rating in a report on Tuesday, February 4th. Scotiabank lowered their price target on Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating for the company in a research report on Friday, April 11th. HSBC cut their price objective on Exxon Mobil from $125.00 to $123.00 and set a "hold" rating on the stock in a research report on Friday, January 31st. Mizuho dropped their price target on Exxon Mobil from $131.00 to $129.00 and set a "neutral" rating for the company in a research note on Thursday, April 3rd. Finally, UBS Group reduced their price objective on shares of Exxon Mobil from $135.00 to $131.00 and set a "buy" rating on the stock in a research report on Monday. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Exxon Mobil currently has a consensus rating of "Moderate Buy" and an average price target 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.