Wealthstar Advisors LLC Acquires Shares of 16,735 Exxon Mobil Co. (NYSE:XOM)

Wealthstar Advisors LLC bought a new position in Exxon Mobil Co. (NYSE:XOM) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 16,735 shares of the oil and gas company’s stock, valued at approximately $1,800,000. Exxon Mobil makes up about 0.8% of Wealthstar Advisors LLC’s holdings, making the stock its 26th largest holding.

A number of other hedge funds have also modified their holdings of XOM. Keystone Financial Group Inc. acquired a new position in Exxon Mobil in the fourth quarter valued at about $36,000. Retirement Wealth Solutions LLC bought a new position in Exxon Mobil in the 4th quarter valued at $46,000. Compass Financial Services Inc bought a new stake in shares of Exxon Mobil during the fourth quarter worth $48,000. Peterson Financial Group Inc. acquired a new stake in shares of Exxon Mobil in the third quarter valued at $51,000. Finally, Highline Wealth Partners LLC bought a new position in shares of Exxon Mobil in the third quarter valued at about $54,000. 61.80% of the stock is owned by institutional investors and hedge funds.

Exxon Mobil Stock Performance

Shares of Exxon Mobil stock opened at $107.37 on Thursday. Exxon Mobil Co. has a 12 month low of $100.42 and a 12 month high of $126.34. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $471.90 billion, a PE ratio of 13.70, a PEG ratio of 2.94 and a beta of 0.89. The stock’s fifty day simple moving average is $109.16 and its 200 day simple moving average is $114.88.

Exxon Mobil (NYSE:XOM) last posted 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 return on equity of 12.92% and a net margin of 9.63%. During the same period in the prior year, the firm earned $2.48 EPS. On average, research analysts predict that Exxon Mobil Co. will post 7.37 EPS for the current year.

Exxon Mobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Wednesday, February 12th will be issued a dividend of $0.99 per share. The ex-dividend date is Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.69%. Exxon Mobil’s payout ratio is 50.51%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on XOM shares. Scotiabank lowered their price objective on shares of Exxon Mobil from $145.00 to $140.00 in a research report on Friday, January 31st. The Goldman Sachs Group lowered their price target on shares of Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating for the company in a report on Friday, January 31st. Morgan Stanley lifted their target price on Exxon Mobil from $139.00 to $140.00 in a research note on Friday, January 31st. Argus raised Exxon Mobil to a “strong-buy” rating in a research note on Tuesday, February 4th. Finally, TD Cowen decreased their price target on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating on the stock in a report on Monday, December 16th. One analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $129.25.

Insider Activity at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of Exxon Mobil stock in a transaction dated Tuesday, February 4th. The stock was 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 trade represents a 10.40 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.03% of the stock is currently owned by insiders.

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.