WealthTrak Capital Management LLC Purchases Shares of 2,053 Exxon Mobil Co. (NYSE:XOM)

WealthTrak Capital Management LLC acquired a new position in shares of Exxon Mobil Co. (NYSE:XOM) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 2,053 shares of the oil and gas company’s stock, valued at approximately $221,000.

Other hedge funds have also made changes to their positions in the company. Fairway Wealth LLC acquired a new stake in Exxon Mobil during the 4th quarter worth $31,000. Keystone Financial Group Inc. acquired a new stake in shares of Exxon Mobil during the fourth quarter worth about $36,000. Retirement Wealth Solutions LLC purchased a new stake in shares of Exxon Mobil in the 4th quarter valued at about $46,000. Compass Planning Associates Inc acquired a new stake in shares of Exxon Mobil in the 4th quarter valued at about $47,000. Finally, Synergy Investment Management LLC purchased a new position in Exxon Mobil during the 4th quarter worth approximately $47,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Insider Buying and Selling at Exxon Mobil

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

Exxon Mobil Stock Performance

Shares of XOM opened at $117.66 on Friday. 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 Co. has a 52-week low of $103.67 and a 52-week high of $126.34. The company has a 50-day simple moving average of $110.73 and a 200-day simple moving average of $113.69. The company has a market capitalization of $510.53 billion, a PE ratio of 15.01, a P/E/G ratio of 3.02 and a beta of 0.83.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.77 by ($0.10). Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. During the same quarter in the previous year, the firm earned $2.48 earnings per share. Equities research analysts predict that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th were given a dividend of $0.99 per share. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a yield of 3.37%. Exxon Mobil’s payout ratio is 50.51%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on XOM. UBS Group reduced their price objective on Exxon Mobil from $149.00 to $147.00 and set a “buy” rating for the company in a research note on Thursday, December 12th. Barclays decreased their price target on shares of Exxon Mobil from $137.00 to $135.00 and set an “overweight” rating for the company in a research note on Tuesday, March 18th. Royal Bank of Canada restated a “sector perform” rating and issued a $115.00 price objective on shares of Exxon Mobil in a research note on Monday, February 3rd. HSBC decreased their target price on shares of Exxon Mobil from $125.00 to $123.00 and set a “hold” rating for the company in a research note on Friday, January 31st. Finally, BMO Capital Markets dropped their price target on Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating on the stock in a research report on Friday, January 31st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $129.05.

Exxon Mobil Company 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.