St. Clair Advisors LLC Invests $2.29 Million in Exxon Mobil Co. (NYSE:XOM)

St. Clair Advisors LLC bought a new position in shares of Exxon Mobil Co. (NYSE:XOM) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 21,278 shares of the oil and gas company’s stock, valued at approximately $2,289,000. Exxon Mobil accounts for about 0.7% of St. Clair Advisors LLC’s investment portfolio, making the stock its 29th largest holding.

Other institutional investors and hedge funds also recently modified their holdings of the company. Fairway Wealth LLC acquired a new stake in shares of Exxon Mobil during the fourth quarter worth $31,000. Keystone Financial Group Inc. acquired a new position in Exxon Mobil during the fourth quarter valued at $36,000. Retirement Wealth Solutions LLC acquired a new position in Exxon Mobil during the fourth quarter valued at $46,000. Compass Planning Associates Inc acquired a new position in Exxon Mobil during the fourth quarter valued at $47,000. Finally, Clarity Asset Management Inc. raised its position in Exxon Mobil by 29.7% during the fourth quarter. Clarity Asset Management Inc. now owns 437 shares of the oil and gas company’s stock valued at $47,000 after buying an additional 100 shares during the period. 61.80% of the stock is owned by institutional investors and hedge funds.

Exxon Mobil Price Performance

Shares of NYSE:XOM opened at $108.13 on Monday. The business has a 50 day moving average price of $108.98 and a 200 day moving average price of $110.77. Exxon Mobil Co. has a twelve month low of $97.80 and a twelve month high of $126.34. The company has a market cap of $466.01 billion, a price-to-earnings ratio of 13.79, a PEG ratio of 3.02 and a beta of 0.51. 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 announced its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.73 by $0.03. Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. The firm had revenue of $83.13 billion during the quarter, compared to the consensus estimate of $86.11 billion. During the same quarter in the prior year, the company earned $2.06 EPS. The firm’s revenue for the quarter was up .1% compared to the same quarter last year. Research analysts predict that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Thursday, May 15th will be paid a dividend of $0.99 per share. The ex-dividend date is Thursday, May 15th. This represents a $3.96 annualized dividend and a yield of 3.66%. Exxon Mobil’s payout ratio is 52.52%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. HSBC dropped their price target on Exxon Mobil from $125.00 to $123.00 and set a “hold” rating on the stock 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. The Goldman Sachs Group dropped their price target on Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. Argus raised Exxon Mobil to a “strong-buy” rating in a research report on Tuesday, February 4th. Finally, Morgan Stanley dropped their price target on Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating on the stock in a research report on Thursday, March 27th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, Exxon Mobil currently has an average rating of “Moderate Buy” and an average price target of $125.50.

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.