Investment Advisory Group LLC Acquires 1,767 Shares of Exxon Mobil Co. (NYSE:XOM)

Investment Advisory Group LLC lifted its stake in Exxon Mobil Co. (NYSE:XOM) by 14.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 13,602 shares of the oil and gas company’s stock after purchasing an additional 1,767 shares during the quarter. Investment Advisory Group LLC’s holdings in Exxon Mobil were worth $1,360,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in XOM. Axiom Financial Strategies LLC increased its position in shares of Exxon Mobil by 17.4% during the first quarter. Axiom Financial Strategies LLC now owns 7,909 shares of the oil and gas company’s stock valued at $680,000 after acquiring an additional 1,173 shares in the last quarter. Retirement Income Solutions Inc bought a new position in shares of Exxon Mobil during the first quarter valued at $275,000. Loomis Sayles & Co. L P lifted its holdings in shares of Exxon Mobil by 318.8% during the first quarter. Loomis Sayles & Co. L P now owns 17,163 shares of the oil and gas company’s stock valued at $1,417,000 after purchasing an additional 13,065 shares in the last quarter. Ergoteles LLC increased its holdings in Exxon Mobil by 95.6% in the 1st quarter. Ergoteles LLC now owns 15,843 shares of the oil and gas company’s stock worth $1,308,000 after buying an additional 7,744 shares in the last quarter. Finally, Bridgefront Capital LLC purchased a new position in Exxon Mobil in the 1st quarter worth about $237,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Insiders Place Their Bets

In related news, VP Darrin L. Talley sold 2,400 shares of the firm’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $105.00, for a total value of $252,000.00. Following the completion of the transaction, the vice president now directly owns 30,189 shares of the company’s stock, valued at $3,169,845. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 0.06% of the company’s stock.

Exxon Mobil Price Performance

NYSE:XOM opened at $118.46 on Friday. The stock has a market cap of $468.90 billion, a PE ratio of 13.33, a P/E/G ratio of 4.08 and a beta of 0.96. The company has a quick ratio of 1.09, a current ratio of 1.48 and a debt-to-equity ratio of 0.18. The business’s 50-day simple moving average is $111.18 and its two-hundred day simple moving average is $106.30. Exxon Mobil Co. has a 52 week low of $95.77 and a 52 week high of $123.75.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, February 2nd. The oil and gas company reported $2.48 EPS for the quarter, topping analysts’ consensus estimates of $2.20 by $0.28. Exxon Mobil had a return on equity of 18.51% and a net margin of 10.45%. The company had revenue of $84.34 billion for the quarter, compared to analysts’ expectations of $90.03 billion. During the same period in the previous year, the firm earned $3.40 EPS. The firm’s revenue was down 11.6% compared to the same quarter last year. As a group, analysts forecast that Exxon Mobil Co. will post 9.7 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Wednesday, February 14th were paid a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a yield of 3.21%. The ex-dividend date of this dividend was Tuesday, February 13th. Exxon Mobil’s payout ratio is presently 42.74%.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Erste Group Bank reiterated a “hold” rating on shares of Exxon Mobil in a research note on Friday, December 22nd. Redburn Atlantic upgraded shares of Exxon Mobil from a “neutral” rating to a “buy” rating and boosted their target price for the company from $116.00 to $119.00 in a research note on Tuesday, January 9th. Royal Bank of Canada restated a “sector perform” rating and issued a $120.00 price target on shares of Exxon Mobil in a research note on Monday, February 5th. Scotiabank upped their price objective on Exxon Mobil from $114.00 to $129.00 and gave the company a “sector perform” rating in a research report on Thursday, April 11th. Finally, TD Cowen boosted their price target on Exxon Mobil from $115.00 to $120.00 and gave the company a “buy” rating in a research note on Monday, April 1st. Nine research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $132.28.

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.