AlphaStar Capital Management LLC Buys 7,807 Shares of Exxon Mobil Co. (NYSE:XOM)

AlphaStar Capital Management LLC raised its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 11.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 76,029 shares of the oil and gas company’s stock after acquiring an additional 7,807 shares during the quarter. Exxon Mobil makes up 0.9% of AlphaStar Capital Management LLC’s portfolio, making the stock its 20th largest holding. AlphaStar Capital Management LLC’s holdings in Exxon Mobil were worth $8,178,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in XOM. Paladin Wealth LLC bought a new stake in shares of Exxon Mobil during the third quarter worth $151,000. Fiduciary Alliance LLC lifted its position in Exxon Mobil by 217.5% during the 3rd quarter. Fiduciary Alliance LLC now owns 66,757 shares of the oil and gas company’s stock worth $7,825,000 after buying an additional 45,734 shares in the last quarter. Wedge Capital Management L L P NC grew its holdings in Exxon Mobil by 1.8% during the 3rd quarter. Wedge Capital Management L L P NC now owns 7,077 shares of the oil and gas company’s stock worth $830,000 after acquiring an additional 126 shares during the last quarter. Sivia Capital Partners LLC increased its position in Exxon Mobil by 4.8% in the 3rd quarter. Sivia Capital Partners LLC now owns 10,920 shares of the oil and gas company’s stock valued at $1,280,000 after acquiring an additional 501 shares in the last quarter. Finally, CX Institutional raised its stake in shares of Exxon Mobil by 8.3% in the third quarter. CX Institutional now owns 82,946 shares of the oil and gas company’s stock worth $9,723,000 after acquiring an additional 6,332 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Insider Buying and Selling

In other news, VP Darrin L. Talley sold 2,100 shares of the business’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total value of $231,000.00. Following the sale, the vice president now directly owns 18,087 shares in the company, valued at $1,989,570. The trade was a 10.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.03% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on XOM. Scotiabank decreased their price target on shares of Exxon Mobil from $145.00 to $140.00 in a research note on Friday, January 31st. Morgan Stanley increased their price objective on Exxon Mobil from $139.00 to $140.00 in a research report on Friday, January 31st. Bernstein Bank boosted their target price on Exxon Mobil from $138.00 to $144.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Wolfe Research raised their price target on Exxon Mobil from $137.00 to $138.00 in a report on Thursday, October 31st. Finally, TD Cowen dropped their price objective on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating for the company in a report on Monday, December 16th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $129.25.

Exxon Mobil Stock Up 0.7 %

Shares of Exxon Mobil stock opened at $111.71 on Wednesday. Exxon Mobil Co. has a 1 year low of $100.42 and a 1 year high of $126.34. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. The company has a market capitalization of $490.98 billion, a P/E ratio of 14.25, a price-to-earnings-growth ratio of 2.94 and a beta of 0.89. The business has a 50-day moving average of $109.28 and a two-hundred day moving average of $114.92.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 prior year, the firm earned $2.48 EPS. As a group, equities analysts predict that Exxon Mobil Co. will post 7.37 EPS for the current year.

Exxon Mobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Wednesday, February 12th will be given a $0.99 dividend. The ex-dividend date is Wednesday, February 12th. This represents a $3.96 annualized dividend and a yield of 3.54%. Exxon Mobil’s dividend payout ratio is currently 50.51%.

About Exxon Mobil

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.