Kooman & Associates purchased a new stake in Exxon Mobil Co. (NYSE:XOM – Get Rating) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 1,870 shares of the oil and gas company’s stock, valued at approximately $206,000.
Other large investors have also made changes to their positions in the company. CTC Capital Management LLC purchased a new position in Exxon Mobil during the 3rd quarter valued at about $1,807,000. WMG Financial Advisors LLC increased its holdings in Exxon Mobil by 0.9% during the 3rd quarter. WMG Financial Advisors LLC now owns 11,899 shares of the oil and gas company’s stock valued at $1,039,000 after acquiring an additional 108 shares in the last quarter. Polaris Wealth Advisory Group LLC increased its holdings in Exxon Mobil by 3,880.2% during the 3rd quarter. Polaris Wealth Advisory Group LLC now owns 205,259 shares of the oil and gas company’s stock valued at $20,288,000 after acquiring an additional 200,102 shares in the last quarter. Mraz Amerine & Associates Inc. purchased a new position in Exxon Mobil during the 4th quarter valued at about $246,000. Finally, Accurate Wealth Management LLC increased its holdings in Exxon Mobil by 4.7% during the 4th quarter. Accurate Wealth Management LLC now owns 63,080 shares of the oil and gas company’s stock valued at $6,944,000 after acquiring an additional 2,859 shares in the last quarter. Hedge funds and other institutional investors own 57.49% of the company’s stock.
Analysts Set New Price Targets
Several research firms have weighed in on XOM. Cowen raised their target price on shares of Exxon Mobil from $108.00 to $113.00 and gave the company a “market perform” rating in a report on Thursday, February 2nd. Barclays raised their target price on shares of Exxon Mobil from $111.00 to $129.00 and gave the company an “overweight” rating in a report on Tuesday, January 3rd. B. Riley raised their price target on shares of Exxon Mobil from $128.00 to $133.00 and gave the stock a “buy” rating in a research note on Thursday, February 2nd. Bank of America raised their price target on shares of Exxon Mobil from $136.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, February 1st. Finally, Argus raised their price target on shares of Exxon Mobil from $128.00 to $133.00 and gave the stock a “buy” rating in a research note on Thursday, February 2nd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat.com, Exxon Mobil currently has an average rating of “Moderate Buy” and an average target price of $121.64.
Insider Activity at Exxon Mobil
Exxon Mobil Trading Down 1.7 %
NYSE XOM opened at $115.05 on Friday. Exxon Mobil Co. has a one year low of $79.29 and a one year high of $119.63. The company’s 50 day moving average price is $110.73 and its 200 day moving average price is $107.90. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.06 and a current ratio of 1.41. The firm has a market capitalization of $468.37 billion, a price-to-earnings ratio of 8.68, a PEG ratio of 0.51 and a beta of 1.08.
Exxon Mobil (NYSE:XOM – Get Rating) last posted its quarterly earnings results on Tuesday, January 31st. The oil and gas company reported $3.40 EPS for the quarter, beating the consensus estimate of $3.32 by $0.08. Exxon Mobil had a net margin of 13.47% and a return on equity of 31.25%. The firm had revenue of $95.43 billion for the quarter, compared to analyst estimates of $90.21 billion. During the same quarter last year, the firm posted $2.05 earnings per share. Exxon Mobil’s revenue for the quarter was up 12.3% compared to the same quarter last year. On average, sell-side analysts predict that Exxon Mobil Co. will post 9.96 EPS for the current year.
Exxon Mobil Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, March 10th. Investors of record on Tuesday, February 14th were issued a $0.91 dividend. The ex-dividend date was Monday, February 13th. This represents a $3.64 annualized dividend and a yield of 3.16%. Exxon Mobil’s payout ratio is 27.45%.
Exxon Mobil Profile
Exxon Mobil Corp. engages in the exploration, development, and distribution of oil, gas, and petroleum products. It operates through the following segments: Upstream, Downstream and Chemical. The Upstream segment produces crude oil and natural gas. The Downstream segment manufactures and trades petroleum products.
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