Alesco Advisors LLC Has $1.42 Million Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Alesco Advisors LLC lifted its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 15.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,176 shares of the oil and gas company’s stock after purchasing an additional 1,788 shares during the period. Alesco Advisors LLC’s holdings in Exxon Mobil were worth $1,417,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in XOM. Greenwich Wealth Management LLC grew its holdings in Exxon Mobil by 1.3% during the third quarter. Greenwich Wealth Management LLC now owns 12,943 shares of the oil and gas company’s stock worth $1,517,000 after purchasing an additional 165 shares during the period. Sollinda Capital Management LLC boosted its holdings in shares of Exxon Mobil by 10.9% during the third quarter. Sollinda Capital Management LLC now owns 3,867 shares of the oil and gas company’s stock worth $453,000 after acquiring an additional 380 shares during the period. Argonautica Private Wealth Management Inc. boosted its holdings in shares of Exxon Mobil by 1.1% during the third quarter. Argonautica Private Wealth Management Inc. now owns 23,239 shares of the oil and gas company’s stock worth $2,724,000 after acquiring an additional 259 shares during the period. Princeton Global Asset Management LLC boosted its holdings in shares of Exxon Mobil by 5.6% during the third quarter. Princeton Global Asset Management LLC now owns 14,904 shares of the oil and gas company’s stock worth $1,747,000 after acquiring an additional 788 shares during the period. Finally, Clear Creek Financial Management LLC boosted its holdings in shares of Exxon Mobil by 5.0% during the third quarter. Clear Creek Financial Management LLC now owns 9,549 shares of the oil and gas company’s stock worth $1,119,000 after acquiring an additional 454 shares during the period. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Stock Down 3.3 %

Shares of NYSE:XOM opened at $107.69 on Tuesday. 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 has a market cap of $467.28 billion, a price-to-earnings ratio of 13.74, a PEG ratio of 3.02 and a beta of 0.89. The firm has a fifty day moving average price of $108.98 and a two-hundred day moving average price of $114.12.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, January 31st. The oil and gas company reported $1.67 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 quarter in the previous year, the firm posted $2.48 earnings per share. Analysts anticipate that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently announced 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. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.68%. The ex-dividend date is Wednesday, February 12th. Exxon Mobil’s payout ratio is 50.51%.

Insider Activity

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Morgan Stanley boosted their price objective on Exxon Mobil from $139.00 to $140.00 in a report on Friday, January 31st. Wells Fargo & Company reduced their price objective on Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating for the company in a report on Monday, February 3rd. JPMorgan Chase & Co. lowered their price target on shares of Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating for the company in a report on Monday, December 16th. Argus upgraded Exxon Mobil to a “strong-buy” rating in a report on Tuesday, February 4th. Finally, The Goldman Sachs Group cut their price target on shares of Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $129.25.

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.