LVZ Inc. boosted its stake in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 67.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,946 shares of the oil and gas company's stock after acquiring an additional 2,807 shares during the quarter. LVZ Inc.'s holdings in Exxon Mobil were worth $747,000 as of its most recent SEC filing.
A number of other hedge funds have also recently added to or reduced their stakes in the stock. Keystone Financial Group Inc. bought a new position in shares of Exxon Mobil in the 4th quarter valued at about $36,000. Retirement Wealth Solutions LLC bought a new position in shares of Exxon Mobil in the 4th quarter valued at about $46,000. Compass Planning Associates Inc bought a new position in shares of Exxon Mobil in the 4th quarter valued at about $47,000. Peterson Financial Group Inc. bought a new position in shares of Exxon Mobil in the 3rd quarter valued at about $51,000. Finally, Synergy Investment Management LLC bought a new position in shares of Exxon Mobil in the 4th quarter valued at about $47,000. Institutional investors own 61.80% of the company's stock.
Several research analysts have recently issued reports on XOM shares. TD Cowen reduced their target price on shares of Exxon Mobil from $132.00 to $128.00 and set a "buy" rating on the stock in a research note on Monday, December 16th. Scotiabank reduced their target price on shares of Exxon Mobil from $145.00 to $140.00 in a research note on Friday, January 31st. 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. Wells Fargo & Company cut their price target on shares of Exxon Mobil from $136.00 to $135.00 and set an "overweight" rating on the stock in a research report on Monday, February 3rd. Finally, HSBC cut their price target on shares of Exxon Mobil from $125.00 to $123.00 and set a "hold" 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 assigned a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Exxon Mobil has a consensus rating of "Moderate Buy" and an average target price of $129.25.
Check Out Our Latest Research Report on XOM
In other news, VP Darrin L. Talley sold 2,100 shares of Exxon Mobil stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total transaction of $231,000.00. Following the completion of the sale, the vice president now owns 18,087 shares of the company's stock, valued at approximately $1,989,570. This trade represents a 10.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.03% of the company's stock.
NYSE:XOM opened at $105.51 on Thursday. Exxon Mobil Co. has a 1-year low of $103.67 and a 1-year 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. The firm has a fifty day simple moving average of $108.98 and a 200 day simple moving average of $113.98. The stock has a market capitalization of $457.82 billion, a PE ratio of 13.46, a P/E/G ratio of 3.02 and a beta of 0.89.
Exxon Mobil (NYSE:XOM - Get Free Report) last released its 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 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 earnings per share. On average, research analysts expect that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th will be given a dividend of $0.99 per share. The ex-dividend date is Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a yield of 3.75%. Exxon Mobil's dividend payout ratio (DPR) is 50.51%.
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.
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