Portfolio Design Labs LLC Acquires 6,920 Shares of Exxon Mobil Co. (NYSE:XOM)

Portfolio Design Labs LLC boosted its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 16.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 49,183 shares of the oil and gas company’s stock after purchasing an additional 6,920 shares during the quarter. Exxon Mobil comprises 1.1% of Portfolio Design Labs LLC’s portfolio, making the stock its 20th biggest holding. Portfolio Design Labs LLC’s holdings in Exxon Mobil were worth $5,291,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in XOM. International Assets Investment Management LLC boosted its position in shares of Exxon Mobil by 7,761.0% during the third quarter. International Assets Investment Management LLC now owns 6,893,677 shares of the oil and gas company’s stock worth $808,077,000 after acquiring an additional 6,805,982 shares during the last quarter. Pacer Advisors Inc. lifted its stake in Exxon Mobil by 1,524.1% in the 4th quarter. Pacer Advisors Inc. now owns 5,445,922 shares of the oil and gas company’s stock worth $585,818,000 after purchasing an additional 5,110,603 shares in the last quarter. Franklin Resources Inc. lifted its stake in Exxon Mobil by 16.3% in the 3rd quarter. Franklin Resources Inc. now owns 31,522,556 shares of the oil and gas company’s stock worth $3,936,929,000 after purchasing an additional 4,415,012 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of Exxon Mobil by 168.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 4,530,457 shares of the oil and gas company’s stock valued at $531,060,000 after purchasing an additional 2,842,844 shares during the last quarter. Finally, Strategic Financial Concepts LLC increased its holdings in shares of Exxon Mobil by 11,131.0% in the fourth quarter. Strategic Financial Concepts LLC now owns 1,792,811 shares of the oil and gas company’s stock worth $192,853,000 after purchasing an additional 1,776,848 shares during the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Price Performance

Shares of XOM stock opened at $108.17 on Friday. The company’s 50-day simple moving average is $108.88 and its two-hundred day simple moving average is $114.78. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. Exxon Mobil Co. has a one year low of $100.60 and a one year high of $126.34. The company has a market capitalization of $475.42 billion, a P/E ratio of 13.80, a P/E/G ratio of 2.94 and a beta of 0.89.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share for the quarter, missing the consensus estimate of $1.77 by ($0.10). Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. During the same period in the previous year, the firm earned $2.48 earnings per share. As a group, equities analysts anticipate that Exxon Mobil Co. will post 7.37 EPS for the current year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th will be issued a $0.99 dividend. The ex-dividend date is Wednesday, February 12th. This represents a $3.96 annualized dividend and a dividend yield of 3.66%. Exxon Mobil’s dividend payout ratio is currently 50.51%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on XOM shares. Morgan Stanley increased their price target on Exxon Mobil from $139.00 to $140.00 in a research note on Friday, January 31st. HSBC cut their target price on shares of Exxon Mobil from $125.00 to $123.00 and set a “hold” rating for the company in a report on Friday, January 31st. BMO Capital Markets decreased their price target on shares of Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating on the stock in a research note on Friday, January 31st. Wolfe Research lifted their price objective on shares of Exxon Mobil from $137.00 to $138.00 in a research note on Thursday, October 31st. Finally, Argus upgraded shares of Exxon Mobil to a “strong-buy” rating in a research report on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $129.25.

Insider Transactions at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the company’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total transaction of $231,000.00. Following the completion of the sale, the vice president now owns 18,087 shares in the company, valued at $1,989,570. This represents a 10.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.03% of the company’s stock.

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.