Exxon Mobil Co. (NYSE:XOM) Position Raised by IFG Advisory LLC

IFG Advisory LLC increased its position in shares of Exxon Mobil Co. (NYSE:XOM) by 1.2% 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 48,119 shares of the oil and gas company’s stock after purchasing an additional 555 shares during the period. IFG Advisory LLC’s holdings in Exxon Mobil were worth $4,811,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in XOM. Axiom Financial Strategies LLC increased its holdings in shares of Exxon Mobil by 17.4% in 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 buying an additional 1,173 shares in the last quarter. Retirement Income Solutions Inc bought a new position in shares of Exxon Mobil in the first quarter valued at $275,000. Loomis Sayles & Co. L P increased its holdings in shares of Exxon Mobil by 318.8% in 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 buying an additional 13,065 shares in the last quarter. Ergoteles LLC increased its holdings in shares of Exxon Mobil by 95.6% in the first quarter. Ergoteles LLC now owns 15,843 shares of the oil and gas company’s stock valued at $1,308,000 after buying an additional 7,744 shares in the last quarter. Finally, Bridgefront Capital LLC bought a new position in shares of Exxon Mobil in the first quarter valued at $237,000. Institutional investors own 61.80% of the company’s stock.

Analyst Upgrades and Downgrades

XOM has been the topic of several research reports. Erste Group Bank reaffirmed a “hold” rating on shares of Exxon Mobil in a report on Friday, December 22nd. JPMorgan Chase & Co. dropped their price target on Exxon Mobil from $134.00 to $127.00 and set an “overweight” rating on the stock in a report on Friday, December 8th. Royal Bank of Canada reiterated a “sector perform” rating and set a $120.00 price objective on shares of Exxon Mobil in a research report on Monday, February 5th. Mizuho lifted their price objective on shares of Exxon Mobil from $119.00 to $125.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 19th. Finally, Redburn Atlantic upgraded shares of Exxon Mobil from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $116.00 to $119.00 in a research report on Tuesday, January 9th. Nine investment analysts have rated the stock with a hold rating and ten 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 price target of $128.18.

Insider Buying and Selling

In related news, VP Darrin L. Talley sold 2,400 shares of the company’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 sale, the vice president now directly owns 30,189 shares in the company, valued at $3,169,845. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.06% of the stock is currently owned by corporate insiders.

Exxon Mobil Trading Up 1.1 %

Exxon Mobil stock opened at $115.05 on Thursday. The company’s fifty day simple moving average is $104.98 and its 200-day simple moving average is $105.89. The company has a quick ratio of 1.09, a current ratio of 1.48 and a debt-to-equity ratio of 0.18. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $120.70. The stock has a market cap of $456.50 billion, a P/E ratio of 12.94, a P/E/G ratio of 4.17 and a beta of 0.96.

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, beating the consensus estimate of $2.20 by $0.28. Exxon Mobil had a net margin of 10.45% and a return on equity of 18.51%. The business 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 company posted $3.40 EPS. Exxon Mobil’s revenue was down 11.6% on a year-over-year basis. As a group, sell-side analysts forecast that Exxon Mobil Co. will post 9.11 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

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 3.30%. The ex-dividend date of this dividend was Tuesday, February 13th. Exxon Mobil’s dividend payout ratio is presently 42.74%.

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.