Sovran Advisors LLC Acquires Shares of 12,638 Exxon Mobil Co. (NYSE:XOM)

Sovran Advisors LLC bought a new position in shares of Exxon Mobil Co. (NYSE:XOM) during the 4th quarter, HoldingsChannel reports. The fund bought 12,638 shares of the oil and gas company’s stock, valued at approximately $1,387,000.

A number of other hedge funds also recently modified their holdings of the stock. Keystone Financial Group Inc. acquired a new position in shares of Exxon Mobil in the 4th quarter valued at approximately $36,000. Retirement Wealth Solutions LLC acquired a new position in Exxon Mobil during the fourth quarter valued at approximately $46,000. Peterson Financial Group Inc. acquired a new stake in shares of Exxon Mobil in the 3rd quarter valued at $51,000. Compass Financial Services Inc bought a new position in shares of Exxon Mobil in the 4th quarter valued at $48,000. Finally, Highline Wealth Partners LLC acquired a new position in shares of Exxon Mobil during the 3rd quarter worth $54,000. Institutional investors own 61.80% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on XOM. JPMorgan Chase & Co. decreased their target price on Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating on the stock in a research report on Monday, December 16th. Scotiabank dropped their price objective on shares of Exxon Mobil from $145.00 to $140.00 in a research note on Friday, January 31st. Argus raised shares of Exxon Mobil to a “strong-buy” rating in a research note on Tuesday, February 4th. UBS Group dropped their price target 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. Finally, The Goldman Sachs Group reduced their price objective on Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. 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 given a strong buy rating to the company. Based on data from MarketBeat.com, Exxon Mobil has an average rating of “Moderate Buy” and an average price target of $129.25.

Exxon Mobil Trading Up 0.0 %

NYSE XOM opened at $108.17 on Friday. The stock 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. The business has a 50 day simple moving average of $108.88 and a 200 day simple moving average of $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.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 EPS 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 EPS. Research analysts expect that Exxon Mobil Co. will post 7.37 earnings per share for the current year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th will be given a dividend of $0.99 per share. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.66%. Exxon Mobil’s dividend payout ratio (DPR) is presently 50.51%.

Insider Activity at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the firm’s stock in a transaction that occurred on 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 owns 18,087 shares of the company’s stock, valued at approximately $1,989,570. This trade represents a 10.40 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.03% of the stock is currently owned by corporate insiders.

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.