DMKC Advisory Services LLC Makes New $1.92 Million Investment in Exxon Mobil Co. (NYSE:XOM)

DMKC Advisory Services LLC bought a new position in shares of Exxon Mobil Co. (NYSE:XOM) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 17,843 shares of the oil and gas company’s stock, valued at approximately $1,919,000. Exxon Mobil comprises 1.7% of DMKC Advisory Services LLC’s portfolio, making the stock its 23rd largest position.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bank of New York Mellon Corp raised its position in shares of Exxon Mobil by 14.4% during the fourth quarter. Bank of New York Mellon Corp now owns 43,983,110 shares of the oil and gas company’s stock valued at $4,731,263,000 after buying an additional 5,538,694 shares during the last quarter. Pacer Advisors Inc. raised its position in shares of Exxon Mobil by 1,524.1% during 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 buying an additional 5,110,603 shares during the last quarter. Franklin Resources Inc. raised its position 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 buying an additional 4,415,012 shares during the last quarter. Strategic Financial Concepts LLC raised its position in shares of Exxon Mobil by 11,131.0% during the fourth 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. Finally, Geode Capital Management LLC raised its position in shares of Exxon Mobil by 1.8% during the third quarter. Geode Capital Management LLC now owns 92,194,981 shares of the oil and gas company’s stock valued at $10,777,735,000 after buying an additional 1,622,064 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Insider Activity

In related news, VP Darrin L. Talley sold 2,100 shares of the stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total value of $231,000.00. Following the transaction, the vice president now directly owns 18,087 shares in the company, valued at $1,989,570. This represents a 10.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.03% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research firms recently weighed in on XOM. The Goldman Sachs Group lowered their target price on shares of Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. BMO Capital Markets lowered their target price on shares of 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. Bernstein Bank upped their target price on shares of Exxon Mobil from $138.00 to $144.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Scotiabank lowered their target price on shares of Exxon Mobil from $145.00 to $140.00 in a research note on Friday, January 31st. Finally, HSBC lowered their target price on shares of Exxon Mobil from $125.00 to $123.00 and set a “hold” rating on the stock in a research note on Friday, January 31st. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $129.25.

Exxon Mobil Price Performance

XOM opened at $111.33 on Friday. Exxon Mobil Co. has a one year low of $104.03 and a one 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’s 50 day simple moving average is $108.95 and its 200-day simple moving average is $114.26. The stock has a market capitalization of $483.08 billion, a P/E ratio of 14.20, a price-to-earnings-growth ratio of 3.02 and a beta of 0.89.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 EPS 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 in the prior year, the firm earned $2.48 EPS. Sell-side analysts anticipate that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th will be paid a dividend of $0.99 per share. The ex-dividend date is Wednesday, February 12th. This represents a $3.96 annualized dividend and a dividend yield of 3.56%. Exxon Mobil’s dividend payout ratio (DPR) is currently 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.