Pineridge Advisors LLC Purchases 463 Shares of Exxon Mobil Co. (NYSE:XOM)

Pineridge Advisors LLC grew its position in shares of Exxon Mobil Co. (NYSE:XOM) by 13.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,809 shares of the oil and gas company’s stock after purchasing an additional 463 shares during the period. Pineridge Advisors LLC’s holdings in Exxon Mobil were worth $410,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Keystone Financial Group Inc. bought a new stake in shares of Exxon Mobil in the 4th quarter valued at about $36,000. Retirement Wealth Solutions LLC bought a new stake in shares of Exxon Mobil in the 4th quarter valued at about $46,000. Compass Financial Services Inc bought a new stake in shares of Exxon Mobil in the 4th quarter valued at about $48,000. Peterson Financial Group Inc. bought a new stake in shares of Exxon Mobil in the 3rd quarter valued at about $51,000. Finally, Highline Wealth Partners LLC bought a new stake in shares of Exxon Mobil in the 3rd quarter valued at about $54,000. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Up 0.7 %

XOM stock opened at $108.10 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. The company has a market capitalization of $475.10 billion, a price-to-earnings ratio of 13.79, a price-to-earnings-growth ratio of 2.94 and a beta of 0.89. The business’s 50 day moving average price is $109.02 and its two-hundred day moving average price is $114.83. Exxon Mobil Co. has a fifty-two week low of $100.42 and a fifty-two week high of $126.34.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share 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 period in the previous year, the company posted $2.48 earnings per share. As a group, analysts forecast that Exxon Mobil Co. will post 7.37 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. Investors of record on Wednesday, February 12th will be paid a $0.99 dividend. The ex-dividend date is Wednesday, February 12th. This represents a $3.96 annualized dividend and a dividend yield of 3.66%. Exxon Mobil’s payout ratio is currently 50.51%.

Insider Buying and Selling

In related news, VP Darrin L. Talley sold 2,100 shares of the company’s 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 sale, the vice president now 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 filing with the SEC, which is available at this hyperlink. 0.03% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms have recently weighed in on XOM. Argus raised Exxon Mobil to a “strong-buy” rating in a research note on Tuesday, February 4th. HSBC lowered their price target on Exxon Mobil from $125.00 to $123.00 and set a “hold” rating for the company in a research report on Friday, January 31st. Bernstein Bank upped their price target on Exxon Mobil from $138.00 to $144.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. TD Cowen lowered their price target on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating for the company in a research report on Monday, December 16th. Finally, The Goldman Sachs Group lowered their price target on Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. One 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, Exxon Mobil currently has a consensus rating of “Moderate Buy” and an average price target of $129.25.

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.