South Street Advisors LLC Has $1.10 Million Holdings in Exxon Mobil Co. (NYSE:XOM)

South Street Advisors LLC increased its holdings in Exxon Mobil Co. (NYSE:XOM) by 4.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,177 shares of the oil and gas company’s stock after acquiring an additional 450 shares during the period. South Street Advisors LLC’s holdings in Exxon Mobil were worth $1,095,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Custos Family Office LLC acquired a new stake in shares of Exxon Mobil in the 4th quarter worth about $891,000. Kennondale Capital Management LLC acquired a new stake in shares of Exxon Mobil in the 4th quarter worth about $1,779,000. Mystic Asset Management Inc. raised its holdings in shares of Exxon Mobil by 58.0% in the 4th quarter. Mystic Asset Management Inc. now owns 39,686 shares of the oil and gas company’s stock worth $4,269,000 after acquiring an additional 14,571 shares during the last quarter. Dopkins Wealth Management LLC grew its position in Exxon Mobil by 64.4% in the 4th quarter. Dopkins Wealth Management LLC now owns 11,985 shares of the oil and gas company’s stock worth $1,289,000 after purchasing an additional 4,697 shares in the last quarter. Finally, BlackDiamond Wealth Management LLC grew its position in Exxon Mobil by 9.1% in the 4th quarter. BlackDiamond Wealth Management LLC now owns 3,558 shares of the oil and gas company’s stock worth $383,000 after purchasing an additional 298 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Insiders Place Their Bets

In other Exxon Mobil 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 sale, 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 position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.03% of the company’s stock.

Exxon Mobil Stock Up 1.7 %

XOM opened at $113.79 on Tuesday. The company has a 50 day moving average of $109.47 and a 200 day moving average of $113.60. The company has a market cap of $493.74 billion, a PE ratio of 14.51, a price-to-earnings-growth ratio of 3.02 and a beta of 0.83. Exxon Mobil Co. has a 12 month low of $103.67 and a 12 month high of $126.34. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data 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 return on equity of 12.92% and a net margin of 9.63%. During the same quarter in the prior year, the company earned $2.48 earnings per share. On average, sell-side analysts expect that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th were paid a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.48%. The ex-dividend date of this dividend was Wednesday, February 12th. Exxon Mobil’s dividend payout ratio is presently 50.51%.

Analyst Ratings Changes

A number of brokerages have issued reports on XOM. Bernstein Bank upped their price objective on shares of Exxon Mobil from $138.00 to $144.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Argus raised shares of Exxon Mobil to a “strong-buy” rating in a research report on Tuesday, February 4th. Morgan Stanley upped their price objective on shares of Exxon Mobil from $139.00 to $140.00 in a research report on Friday, January 31st. Mizuho reduced their price objective on shares of Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating for the company in a research report on Monday, December 16th. Finally, Scotiabank reduced their price objective on shares of Exxon Mobil from $145.00 to $140.00 in a research report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock currently has an average 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.