Exxon Mobil Co. (NYSE:XOM) Shares Purchased by Adero Partners LLC

Adero Partners LLC boosted its position in shares of Exxon Mobil Co. (NYSE:XOM) by 49.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 5,947 shares of the oil and gas company’s stock after acquiring an additional 1,973 shares during the quarter. Adero Partners LLC’s holdings in Exxon Mobil were worth $640,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of XOM. InTrack Investment Management Inc grew its position in Exxon Mobil by 3.0% during the 3rd quarter. InTrack Investment Management Inc now owns 12,566 shares of the oil and gas company’s stock worth $1,473,000 after purchasing an additional 370 shares during the period. Retirement Planning Group LLC grew its holdings in Exxon Mobil by 73.1% during the third quarter. Retirement Planning Group LLC now owns 14,473 shares of the oil and gas company’s stock worth $1,697,000 after acquiring an additional 6,110 shares during the period. Carnegie Investment Counsel raised its position in Exxon Mobil by 0.8% during the third quarter. Carnegie Investment Counsel now owns 50,331 shares of the oil and gas company’s stock valued at $5,899,000 after acquiring an additional 385 shares in the last quarter. CHICAGO TRUST Co NA lifted its holdings in Exxon Mobil by 1.6% in the third quarter. CHICAGO TRUST Co NA now owns 57,654 shares of the oil and gas company’s stock valued at $6,758,000 after acquiring an additional 927 shares during the period. Finally, Bright Financial Advisors Inc. boosted its position in Exxon Mobil by 6.8% in the 3rd quarter. Bright Financial Advisors Inc. now owns 5,074 shares of the oil and gas company’s stock worth $595,000 after purchasing an additional 322 shares in the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,100 shares of the firm’s stock in a transaction dated 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on XOM. The Goldman Sachs Group decreased their target price 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. Bank of America initiated coverage on shares of Exxon Mobil in a research note on Thursday, October 17th. They set a “neutral” rating and a $124.00 target price on the stock. Morgan Stanley lifted their price target on Exxon Mobil from $139.00 to $140.00 in a research note on Friday, January 31st. UBS Group lowered their price target on Exxon Mobil from $149.00 to $147.00 and set a “buy” rating on the stock in a research report on Thursday, December 12th. Finally, BMO Capital Markets cut their price objective on Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating for the company in a research report on Friday, January 31st. One research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Exxon Mobil presently has an average rating of “Moderate Buy” and a consensus target price of $129.25.

Exxon Mobil Stock Up 0.4 %

NYSE XOM opened at $108.87 on Monday. The business’s fifty day simple moving average is $109.41 and its 200-day simple moving average is $114.97. 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 firm has a market cap of $478.49 billion, a PE ratio of 13.89, a P/E/G ratio of 2.94 and a beta of 0.89. Exxon Mobil Co. has a 52 week low of $100.42 and a 52 week high of $126.34.

Exxon Mobil (NYSE:XOM) last posted its earnings results 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 net margin of 9.63% and a return on equity of 12.92%. During the same quarter last year, the business earned $2.48 earnings per share. As a group, equities analysts anticipate that Exxon Mobil Co. will post 7.37 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th will be paid a dividend of $0.99 per share. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $3.96 annualized dividend and a yield of 3.64%. Exxon Mobil’s dividend payout ratio (DPR) is 50.51%.

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.