Phocas Financial Corp. Takes $187,000 Position in Exxon Mobil Co. (NYSE:XOM)

Phocas Financial Corp. bought a new stake in Exxon Mobil Co. (NYSE:XOM – Get Rating) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 1,698 shares of the oil and gas company’s stock, valued at approximately $187,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in XOM. Price T Rowe Associates Inc. MD increased its position in Exxon Mobil by 94.1% in the 3rd quarter. Price T Rowe Associates Inc. MD now owns 39,666,941 shares of the oil and gas company’s stock valued at $3,463,672,000 after buying an additional 19,230,872 shares in the last quarter. FMR LLC increased its position in Exxon Mobil by 14.9% in the 2nd quarter. FMR LLC now owns 135,144,175 shares of the oil and gas company’s stock valued at $11,573,746,000 after buying an additional 17,521,080 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its position in Exxon Mobil by 1,505.5% in the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 9,730,140 shares of the oil and gas company’s stock valued at $833,291,000 after buying an additional 9,124,095 shares in the last quarter. Great West Life Assurance Co. Can bought a new stake in Exxon Mobil during the 3rd quarter worth approximately $347,253,000. Finally, Legal & General Group Plc increased its holdings in Exxon Mobil by 14.3% during the 2nd quarter. Legal & General Group Plc now owns 25,040,531 shares of the oil and gas company’s stock worth $2,144,479,000 after purchasing an additional 3,131,617 shares in the last quarter. 57.49% of the stock is owned by institutional investors.

Exxon Mobil Price Performance

Exxon Mobil stock opened at $99.84 on Friday. The company has a market cap of $406.45 billion, a price-to-earnings ratio of 7.53, a PEG ratio of 0.43 and a beta of 1.09. The business’s 50 day simple moving average is $111.74 and its 200 day simple moving average is $106.50. Exxon Mobil Co. has a 12 month low of $78.10 and a 12 month high of $119.63. The company has a current ratio of 1.41, a quick ratio of 1.06 and a debt-to-equity ratio of 0.20.

Exxon Mobil (NYSE:XOM – Get Rating) last posted its earnings results on Tuesday, January 31st. The oil and gas company reported $3.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.32 by $0.08. The firm had revenue of $95.43 billion for the quarter, compared to the consensus estimate of $90.21 billion. Exxon Mobil had a return on equity of 31.25% and a net margin of 13.47%. The business’s quarterly revenue was up 12.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.05 earnings per share. Sell-side analysts forecast that Exxon Mobil Co. will post 10.08 EPS for the current year.

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 10th. Shareholders of record on Tuesday, February 14th were given a dividend of $0.91 per share. The ex-dividend date was Monday, February 13th. This represents a $3.64 annualized dividend and a dividend yield of 3.65%. Exxon Mobil’s dividend payout ratio is currently 27.45%.

Insiders Place Their Bets

In related news, VP Darrin L. Talley sold 2,500 shares of the stock in a transaction on Wednesday, February 1st. The stock was sold at an average price of $115.50, for a total value of $288,750.00. Following the sale, the vice president now owns 31,772 shares in the company, valued at $3,669,666. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.04% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on XOM shares. B. Riley boosted their price objective on Exxon Mobil from $128.00 to $133.00 and gave the stock a “buy” rating in a report on Thursday, February 2nd. Scotiabank raised Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and boosted their price objective for the stock from $120.00 to $135.00 in a report on Tuesday, January 17th. Bank of America boosted their price objective on Exxon Mobil from $136.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, February 1st. Cowen boosted their price objective on Exxon Mobil from $108.00 to $113.00 and gave the stock a “market perform” rating in a report on Thursday, February 2nd. Finally, Mizuho boosted their price objective on Exxon Mobil from $140.00 to $147.00 in a report on Friday, March 10th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $121.64.

Exxon Mobil Company Profile

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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.