Retirement Guys Formula LLC Acquires 1,152 Shares of Exxon Mobil Co. (NYSE:XOM)

Retirement Guys Formula LLC raised its holdings in Exxon Mobil Co. (NYSE:XOM) by 16.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,031 shares of the oil and gas company’s stock after acquiring an additional 1,152 shares during the period. Retirement Guys Formula LLC’s holdings in Exxon Mobil were worth $864,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of XOM. International Assets Investment Management LLC boosted its holdings in shares of Exxon Mobil by 7,761.0% during the 3rd quarter. International Assets Investment Management LLC now owns 6,893,677 shares of the oil and gas company’s stock valued at $808,077,000 after acquiring an additional 6,805,982 shares in the last quarter. Pacer Advisors Inc. raised its position in 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 valued at $585,818,000 after purchasing an additional 5,110,603 shares during the last quarter. Franklin Resources Inc. boosted its stake in shares of Exxon Mobil by 16.3% during the third quarter. Franklin Resources Inc. now owns 31,522,556 shares of the oil and gas company’s stock valued at $3,936,929,000 after purchasing an additional 4,415,012 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of Exxon Mobil by 168.5% during the third quarter. Assenagon Asset Management S.A. now owns 4,530,457 shares of the oil and gas company’s stock worth $531,060,000 after purchasing an additional 2,842,844 shares during the last quarter. Finally, Strategic Financial Concepts LLC raised its holdings in Exxon Mobil by 11,131.0% in the 4th quarter. Strategic Financial Concepts LLC now owns 1,792,811 shares of the oil and gas company’s stock valued at $192,853,000 after buying an additional 1,776,848 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Royal Bank of Canada reissued a “sector perform” rating and set a $115.00 target price on shares of Exxon Mobil in a report on Monday, February 3rd. Scotiabank decreased their price objective on Exxon Mobil from $145.00 to $140.00 in a report on Friday, January 31st. The Goldman Sachs Group cut their target price on Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. JPMorgan Chase & Co. decreased their price target on Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating for the company in a research note on Monday, December 16th. Finally, BMO Capital Markets cut their price objective on Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating on the stock in a research note on Friday, January 31st. One analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Exxon Mobil has an average rating of “Moderate Buy” and an average price target of $129.25.

Insider Activity at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,100 shares of the stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total value 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 $1,989,570. This represents a 10.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.03% of the stock is owned by insiders.

Exxon Mobil Stock Up 0.0 %

XOM stock opened at $108.17 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. Exxon Mobil Co. has a fifty-two week low of $100.60 and a fifty-two week high of $126.34. The stock’s 50 day simple moving average is $108.78 and its 200 day simple moving average is $114.73. The company has a market cap of $475.42 billion, a P/E ratio of 13.80, a price-to-earnings-growth ratio of 2.94 and a beta of 0.89.

Exxon Mobil (NYSE:XOM) last issued 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 earnings per share. On average, research analysts expect that Exxon Mobil Co. will post 7.37 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th will be given a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 3.66%. The ex-dividend date is Wednesday, February 12th. Exxon Mobil’s payout ratio is presently 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.