Westbourne Investment Advisors Inc. Boosts Holdings in Exxon Mobil Co. (NYSE:XOM)

Westbourne Investment Advisors Inc. grew its position in shares of Exxon Mobil Co. (NYSE:XOM) by 0.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,540 shares of the oil and gas company’s stock after purchasing an additional 135 shares during the period. Westbourne Investment Advisors Inc.’s holdings in Exxon Mobil were worth $1,672,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the company. Paladin Wealth LLC acquired a new stake in shares of Exxon Mobil during the third quarter worth approximately $151,000. Fiduciary Alliance LLC grew its position in shares of Exxon Mobil by 217.5% during the third quarter. Fiduciary Alliance LLC now owns 66,757 shares of the oil and gas company’s stock worth $7,825,000 after buying an additional 45,734 shares in the last quarter. Wedge Capital Management L L P NC grew its position in shares of Exxon Mobil by 1.8% during the third quarter. Wedge Capital Management L L P NC now owns 7,077 shares of the oil and gas company’s stock worth $830,000 after buying an additional 126 shares in the last quarter. Sivia Capital Partners LLC grew its position in shares of Exxon Mobil by 4.8% during the third quarter. Sivia Capital Partners LLC now owns 10,920 shares of the oil and gas company’s stock worth $1,280,000 after buying an additional 501 shares in the last quarter. Finally, CX Institutional grew its position in shares of Exxon Mobil by 8.3% during the third quarter. CX Institutional now owns 82,946 shares of the oil and gas company’s stock worth $9,723,000 after buying an additional 6,332 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Insider Buying and Selling

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

Exxon Mobil Stock Performance

XOM stock opened at $111.71 on Wednesday. The company has a market capitalization of $490.98 billion, a P/E ratio of 14.25, a PEG ratio of 2.94 and a beta of 0.89. The company has a 50-day simple moving average of $109.28 and a 200 day simple moving average of $114.92. Exxon Mobil Co. has a fifty-two week low of $100.42 and a fifty-two week high of $126.34. 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 (NYSE:XOM) last posted its quarterly earnings data 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 quarter last year, the company posted $2.48 earnings per share. Sell-side analysts predict that Exxon Mobil Co. will post 7.37 earnings per share for the current fiscal 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 $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.54%. The ex-dividend date is Wednesday, February 12th. Exxon Mobil’s payout ratio is currently 50.51%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. TD Cowen lowered their target price on shares of Exxon Mobil from $132.00 to $128.00 and set a “buy” rating for the company in a research note on Monday, December 16th. Scotiabank lowered their target price on shares of Exxon Mobil from $145.00 to $140.00 in a research note on Friday, January 31st. JPMorgan Chase & Co. lowered their target price on shares of Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating for the company in a research note on Monday, December 16th. BMO Capital Markets lowered their target price on shares of Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating for the company in a research note on Friday, January 31st. Finally, Wells Fargo & Company lowered their target price on shares of Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating for the company in a research note on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $129.25.

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.