Exxon Mobil Co. (NYSE:XOM) Shares Bought by Vestmark Advisory Solutions Inc.

Vestmark Advisory Solutions Inc. lifted its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 58.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 16,633 shares of the oil and gas company’s stock after acquiring an additional 6,130 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in Exxon Mobil were worth $1,663,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Root Financial Partners LLC increased its holdings in shares of Exxon Mobil by 10.7% during the 4th quarter. Root Financial Partners LLC now owns 2,054 shares of the oil and gas company’s stock worth $205,000 after buying an additional 199 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in Exxon Mobil by 83.0% during the third quarter. Assenagon Asset Management S.A. now owns 1,269,030 shares of the oil and gas company’s stock worth $149,213,000 after acquiring an additional 575,649 shares during the last quarter. Qsemble Capital Management LP lifted its stake in shares of Exxon Mobil by 34.3% in the 3rd quarter. Qsemble Capital Management LP now owns 4,700 shares of the oil and gas company’s stock valued at $553,000 after purchasing an additional 1,200 shares in the last quarter. RNC Capital Management LLC increased its position in Exxon Mobil by 5.5% during the 4th quarter. RNC Capital Management LLC now owns 87,926 shares of the oil and gas company’s stock worth $8,791,000 after purchasing an additional 4,585 shares in the last quarter. Finally, Dupree Financial Group LLC purchased a new position in Exxon Mobil in the fourth quarter valued at approximately $378,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Wall Street Analysts Forecast Growth

XOM has been the subject of several research reports. Redburn Atlantic upgraded shares of Exxon Mobil from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $116.00 to $119.00 in a research note on Tuesday, January 9th. Scotiabank boosted their price target on Exxon Mobil from $114.00 to $129.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 11th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $120.00 price objective on shares of Exxon Mobil in a research report on Monday, February 5th. Mizuho reissued a “neutral” rating and set a $125.00 target price on shares of Exxon Mobil in a research report on Thursday, April 4th. Finally, Barclays began coverage on shares of Exxon Mobil in a research note on Wednesday, April 10th. They issued an “overweight” rating and a $147.00 target price for the company. Eight research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, Exxon Mobil currently has a consensus rating of “Moderate Buy” and a consensus price target of $134.06.

Insider Activity at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,426 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $119.01, for a total transaction of $288,718.26. Following the completion of the sale, the vice president now owns 25,363 shares of the company’s stock, valued at $3,018,450.63. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, VP Darrin L. Talley sold 2,426 shares of Exxon Mobil stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $119.01, for a total value of $288,718.26. Following the transaction, the vice president now directly owns 25,363 shares in the company, valued at $3,018,450.63. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Darrin L. Talley sold 2,400 shares of the stock in a transaction that occurred 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 sale, the vice president now owns 30,189 shares of the company’s stock, valued at approximately $3,169,845. The disclosure for this sale can be found here. 0.03% of the stock is owned by company insiders.

Exxon Mobil Stock Down 0.2 %

XOM traded down $0.24 during trading on Friday, reaching $116.00. 28,023,313 shares of the stock traded hands, compared to its average volume of 18,518,412. The stock has a market cap of $457.39 billion, a price-to-earnings ratio of 14.22, a price-to-earnings-growth ratio of 4.03 and a beta of 0.96. The stock’s 50-day simple moving average is $114.65 and its two-hundred day simple moving average is $106.96. Exxon Mobil Co. has a fifty-two week low of $95.77 and a fifty-two week high of $123.75. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.38 and a quick ratio of 1.06.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, April 26th. The oil and gas company reported $2.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.19 by ($0.13). The business had revenue of $83.08 billion during the quarter, compared to analyst estimates of $79.69 billion. Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. Exxon Mobil’s revenue was down 4.0% compared to the same quarter last year. During the same quarter last year, the firm earned $2.83 earnings per share. As a group, equities research analysts expect that Exxon Mobil Co. will post 9.61 EPS for the current year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th will be issued a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.28%. The ex-dividend date of this dividend is Tuesday, May 14th. Exxon Mobil’s dividend payout ratio is 46.57%.

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.