Exxon Mobil Co. (NYSE:XOM) Shares Acquired by Norden Group LLC

Norden Group LLC boosted its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 4.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 39,965 shares of the oil and gas company’s stock after purchasing an additional 1,693 shares during the period. Norden Group LLC’s holdings in Exxon Mobil were worth $4,299,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in XOM. Greenwich Wealth Management LLC raised its holdings in shares of Exxon Mobil by 1.3% during the third quarter. Greenwich Wealth Management LLC now owns 12,943 shares of the oil and gas company’s stock valued at $1,517,000 after acquiring an additional 165 shares during the period. Sollinda Capital Management LLC raised its holdings in shares of Exxon Mobil by 10.9% during the third quarter. Sollinda Capital Management LLC now owns 3,867 shares of the oil and gas company’s stock valued at $453,000 after acquiring an additional 380 shares during the period. Argonautica Private Wealth Management Inc. raised its holdings in shares of Exxon Mobil by 1.1% during the third quarter. Argonautica Private Wealth Management Inc. now owns 23,239 shares of the oil and gas company’s stock valued at $2,724,000 after acquiring an additional 259 shares during the period. Princeton Global Asset Management LLC raised its holdings in shares of Exxon Mobil by 5.6% during the third quarter. Princeton Global Asset Management LLC now owns 14,904 shares of the oil and gas company’s stock valued at $1,747,000 after acquiring an additional 788 shares during the period. Finally, Clear Creek Financial Management LLC raised its holdings in shares of Exxon Mobil by 5.0% during the third quarter. Clear Creek Financial Management LLC now owns 9,549 shares of the oil and gas company’s stock valued at $1,119,000 after acquiring an additional 454 shares during the period. 61.80% of the stock is owned by institutional investors and hedge funds.

Exxon Mobil Stock Performance

XOM stock opened at $107.69 on Tuesday. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $467.28 billion, a price-to-earnings ratio of 13.74, a P/E/G ratio of 3.02 and a beta of 0.89. Exxon Mobil Co. has a 12 month low of $104.03 and a 12 month high of $126.34. The firm has a 50 day moving average of $108.98 and a two-hundred day moving average of $114.12.

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 (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 in the prior year, the company earned $2.48 EPS. As a group, equities analysts anticipate that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The company 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. This represents a $3.96 annualized dividend and a dividend yield of 3.68%. The ex-dividend date of this dividend is Wednesday, February 12th. Exxon Mobil’s dividend payout ratio is currently 50.51%.

Insider Buying and Selling

In related news, VP Darrin L. Talley sold 2,100 shares of the company’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total transaction 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.03% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on XOM shares. Royal Bank of Canada restated a “sector perform” rating and set a $115.00 price target on shares of Exxon Mobil in a report on Monday, February 3rd. Argus upgraded shares of Exxon Mobil to a “strong-buy” rating in a research note on Tuesday, February 4th. 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. BMO Capital Markets dropped their price objective on shares of Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating on the stock in a research note on Friday, January 31st. Finally, Morgan Stanley upped their price objective on shares of Exxon Mobil from $139.00 to $140.00 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 assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Exxon Mobil has an average rating of “Moderate Buy” and an average target price of $129.25.

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.