Exxon Mobil Co. (NYSE:XOM) Position Raised by Root Financial Partners LLC

Root Financial Partners LLC increased its position in shares of Exxon Mobil Co. (NYSE:XOM) by 10.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,054 shares of the oil and gas company’s stock after purchasing an additional 199 shares during the period. Root Financial Partners LLC’s holdings in Exxon Mobil were worth $205,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. KB Financial Partners LLC bought a new position in shares of Exxon Mobil in the first quarter valued at $27,000. IMA Wealth Inc. increased its holdings in shares of Exxon Mobil by 720.0% in the second quarter. IMA Wealth Inc. now owns 369 shares of the oil and gas company’s stock valued at $40,000 after buying an additional 324 shares in the last quarter. FWL Investment Management LLC bought a new position in shares of Exxon Mobil in the fourth quarter valued at $43,000. Turim 21 Investimentos Ltda. increased its holdings in shares of Exxon Mobil by 222.5% in the first quarter. Turim 21 Investimentos Ltda. now owns 574 shares of the oil and gas company’s stock valued at $47,000 after buying an additional 396 shares in the last quarter. Finally, Studio Investment Management LLC bought a new position in shares of Exxon Mobil in the fourth quarter valued at $49,000. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Trading Down 0.8 %

Shares of NYSE:XOM opened at $118.69 on Wednesday. The stock has a market capitalization of $469.81 billion, a PE ratio of 13.35, a P/E/G ratio of 4.15 and a beta of 0.96. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $123.75. The firm has a fifty day moving average price of $110.57 and a 200 day moving average price of $106.13. The company has a current ratio of 1.48, a quick ratio of 1.09 and a debt-to-equity ratio of 0.18.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, February 2nd. The oil and gas company reported $2.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.20 by $0.28. The firm had revenue of $84.34 billion during the quarter, compared to analysts’ expectations of $90.03 billion. Exxon Mobil had a net margin of 10.45% and a return on equity of 18.51%. Exxon Mobil’s revenue for the quarter was down 11.6% on a year-over-year basis. During the same period in the prior year, the company posted $3.40 earnings per share. Analysts expect that Exxon Mobil Co. will post 9.61 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Wednesday, February 14th were issued a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a yield of 3.20%. The ex-dividend date was Tuesday, February 13th. Exxon Mobil’s dividend payout ratio is presently 42.74%.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 2,400 shares of the company’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $105.00, for a total transaction of $252,000.00. Following the completion of the sale, the vice president now directly owns 30,189 shares in the company, valued at $3,169,845. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.04% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Scotiabank lifted their price objective on shares of Exxon Mobil from $114.00 to $129.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 11th. Erste Group Bank reiterated a “hold” rating on shares of Exxon Mobil in a research report on Friday, December 22nd. Mizuho reiterated a “neutral” rating and set a $125.00 price objective on shares of Exxon Mobil in a research report on Thursday, April 4th. Royal Bank of Canada restated a “sector perform” rating and set a $120.00 price target on shares of Exxon Mobil in a report on Monday, February 5th. Finally, Barclays began coverage on shares of Exxon Mobil in a report on Wednesday, April 10th. They set an “overweight” rating and a $147.00 price target on the stock. Nine equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $131.44.

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.