Exxon Mobil Co. (NYSE:XOM) Shares Purchased by Transcendent Capital Group LLC

Transcendent Capital Group LLC raised its holdings in Exxon Mobil Co. (NYSE:XOM) by 2.0% during the fourth quarter, HoldingsChannel reports. The firm owned 5,132 shares of the oil and gas company’s stock after buying an additional 100 shares during the period. Transcendent Capital Group LLC’s holdings in Exxon Mobil were worth $552,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in XOM. Mengis Capital Management Inc. increased its position in Exxon Mobil by 5.3% in the 4th quarter. Mengis Capital Management Inc. now owns 71,766 shares of the oil and gas company’s stock valued at $7,720,000 after acquiring an additional 3,635 shares during the period. Pine Valley Investments Ltd Liability Co grew its stake in shares of Exxon Mobil by 15.4% in the 4th quarter. Pine Valley Investments Ltd Liability Co now owns 148,833 shares of the oil and gas company’s stock valued at $16,010,000 after purchasing an additional 19,838 shares during the last quarter. BankPlus Trust Department acquired a new position in shares of Exxon Mobil in the fourth quarter valued at approximately $2,284,000. Portland Financial Advisors Inc purchased a new stake in shares of Exxon Mobil during the fourth quarter worth approximately $411,000. Finally, Quartz Partners LLC lifted its holdings in shares of Exxon Mobil by 23.5% during the fourth quarter. Quartz Partners LLC now owns 2,761 shares of the oil and gas company’s stock worth $297,000 after purchasing an additional 525 shares during the period. 61.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have issued reports on XOM. Mizuho dropped their price objective on shares of Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating on the stock in a research note on Monday, December 16th. Morgan Stanley boosted their price target on shares of Exxon Mobil from $139.00 to $140.00 in a research note on Friday, January 31st. Royal Bank of Canada reissued a “sector perform” rating and set a $115.00 price target on shares of Exxon Mobil in a report on Monday, February 3rd. Argus raised Exxon Mobil to a “strong-buy” rating in a report on Tuesday, February 4th. Finally, Bernstein Bank increased their target price on Exxon Mobil from $138.00 to $144.00 and gave the stock an “overweight” rating in a research note 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 given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $129.25.

Exxon Mobil Stock Performance

Shares of XOM opened at $109.43 on Thursday. The company has a 50-day moving average of $108.75 and a two-hundred day moving average of $114.34. The stock has a market cap of $474.84 billion, a P/E ratio of 13.96, a PEG ratio of 3.02 and a beta of 0.89. Exxon Mobil Co. has a 12-month low of $103.85 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.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (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 period last year, the company earned $2.48 EPS. As a group, research analysts predict that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Wednesday, February 12th will be given 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 yield of 3.62%. Exxon Mobil’s dividend payout ratio (DPR) is currently 50.51%.

Insiders Place Their Bets

In other news, VP Darrin L. Talley sold 2,100 shares of the firm’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total transaction of $231,000.00. Following the sale, the vice president now owns 18,087 shares in the company, valued at $1,989,570. This trade represents a 10.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.03% of the stock is 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.