Ipsen Advisor Group LLC Acquires New Holdings in Exxon Mobil Co. (NYSE:XOM)

Ipsen Advisor Group LLC purchased a new stake in shares of Exxon Mobil Co. (NYSE:XOM) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 6,395 shares of the oil and gas company’s stock, valued at approximately $688,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of XOM. Bank of New York Mellon Corp lifted its stake in 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 worth $4,731,263,000 after purchasing an additional 5,538,694 shares in the last quarter. Pacer Advisors Inc. increased 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 worth $585,818,000 after purchasing an additional 5,110,603 shares in the last quarter. Franklin Resources Inc. raised its position in Exxon Mobil by 16.3% in the 3rd 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 purchasing an additional 4,415,012 shares during the last quarter. Proficio Capital Partners LLC grew its holdings in shares of Exxon Mobil by 13,899.5% during the fourth quarter. Proficio Capital Partners LLC now owns 1,888,812 shares of the oil and gas company’s stock worth $1,963,000 after buying an additional 1,875,320 shares during the last quarter. Finally, Strategic Financial Concepts LLC raised its stake 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 worth $192,853,000 after purchasing an additional 1,776,848 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Analyst Ratings Changes

XOM has been the topic of several research analyst reports. TD Cowen decreased their price target on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating on the stock in a research note on Monday, December 16th. JPMorgan Chase & Co. dropped their target price on Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating for the company in a research note on Monday, December 16th. Scotiabank reduced their target price on Exxon Mobil from $145.00 to $140.00 in a report on Friday, January 31st. UBS Group dropped their price objective on shares of Exxon Mobil from $149.00 to $147.00 and set a “buy” rating for the company in a research report on Thursday, December 12th. Finally, Bernstein Bank boosted their price target on Exxon Mobil from $138.00 to $144.00 and gave the stock an “overweight” rating 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 issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $129.15.

Exxon Mobil Trading Up 0.7 %

Shares of XOM stock opened at $116.61 on Wednesday. The stock’s fifty day simple moving average is $110.36 and its 200 day simple moving average is $113.61. The firm has a market capitalization of $505.99 billion, a P/E ratio of 14.87, a P/E/G ratio of 3.02 and a beta of 0.83. Exxon Mobil Co. has a twelve month low of $103.67 and a twelve month high of $126.34. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (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 last year, the company posted $2.48 earnings per share. As a group, sell-side analysts predict that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th were issued a $0.99 dividend. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $3.96 annualized dividend and a yield of 3.40%. Exxon Mobil’s payout ratio is currently 50.51%.

Insiders Place Their Bets

In related news, VP Darrin L. Talley sold 2,100 shares of the firm’s 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 completion of the transaction, the vice president now directly owns 18,087 shares of the company’s stock, valued at approximately $1,989,570. This trade represents a 10.40 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.03% of the company’s stock.

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.