Coordinated Financial Services Inc. Buys Shares of 4,665 Exxon Mobil Co. (NYSE:XOM)

Coordinated Financial Services Inc. bought a new stake in Exxon Mobil Co. (NYSE:XOM) during the 4th quarter, HoldingsChannel reports. The fund bought 4,665 shares of the oil and gas company’s stock, valued at approximately $502,000.

Several other hedge funds have also recently bought and sold shares of XOM. Axis Wealth Partners LLC acquired a new stake in Exxon Mobil during the 4th quarter worth approximately $524,000. Oak Harbor Wealth Partners LLC boosted its position in Exxon Mobil by 1.0% during the 4th quarter. Oak Harbor Wealth Partners LLC now owns 13,096 shares of the oil and gas company’s stock worth $1,409,000 after buying an additional 134 shares during the period. Atlantic Union Bankshares Corp boosted its position in Exxon Mobil by 2.1% during the 4th quarter. Atlantic Union Bankshares Corp now owns 133,541 shares of the oil and gas company’s stock worth $14,365,000 after buying an additional 2,703 shares during the period. Dorsey & Whitney Trust CO LLC boosted its position in Exxon Mobil by 26.2% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 28,532 shares of the oil and gas company’s stock worth $3,069,000 after buying an additional 5,926 shares during the period. Finally, Naviter Wealth LLC boosted its position in Exxon Mobil by 2.3% during the 4th quarter. Naviter Wealth LLC now owns 153,513 shares of the oil and gas company’s stock worth $16,513,000 after buying an additional 3,448 shares during the period. 61.80% of the stock is owned by institutional investors.

Insider Activity

In related 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 completion of the sale, the vice president now directly owns 18,087 shares in the company, valued at approximately $1,989,570. This trade represents a 10.40 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on XOM shares. TD Cowen dropped their price target on shares of Exxon Mobil from $132.00 to $128.00 and set a “buy” rating on the stock in a research report on Monday, December 16th. Morgan Stanley boosted their price target on shares of Exxon Mobil from $139.00 to $140.00 in a research report on Friday, January 31st. UBS Group dropped their price target on shares of Exxon Mobil from $149.00 to $147.00 and set a “buy” rating on the stock in a research report on Thursday, December 12th. HSBC dropped their price target on shares of Exxon Mobil from $125.00 to $123.00 and set a “hold” rating on the stock in a research report on Friday, January 31st. Finally, Mizuho dropped their target price on shares of Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating on the stock in a research report on Monday, December 16th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Exxon Mobil presently has an average rating of “Moderate Buy” and a consensus target price of $129.25.

Exxon Mobil Stock Performance

Shares of Exxon Mobil stock opened at $109.05 on Friday. 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 firm has a market capitalization of $473.20 billion, a P/E ratio of 13.91, a P/E/G ratio of 3.02 and a beta of 0.83. The business has a fifty day simple moving average of $109.05 and a two-hundred day simple moving average of $113.87. Exxon Mobil Co. has a 12 month low of $103.67 and a 12 month high of $126.34.

Exxon Mobil (NYSE:XOM) last issued its quarterly 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 net margin of 9.63% and a return on equity of 12.92%. During the same period in the prior year, the company earned $2.48 EPS. On average, equities analysts forecast that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The business 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 dividend of $0.99 per share. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $3.96 annualized dividend and a dividend yield of 3.63%. Exxon Mobil’s payout ratio is presently 50.51%.

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.