Biondo Investment Advisors LLC Buys 353 Shares of Exxon Mobil Co. (NYSE:XOM)

Biondo Investment Advisors LLC grew its position in Exxon Mobil Co. (NYSE:XOM) by 0.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 137,259 shares of the oil and gas company’s stock after purchasing an additional 353 shares during the period. Exxon Mobil comprises approximately 2.0% of Biondo Investment Advisors LLC’s holdings, making the stock its 12th biggest holding. Biondo Investment Advisors LLC’s holdings in Exxon Mobil were worth $14,765,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Principal Financial Group Inc. raised its position in Exxon Mobil by 8.4% in the 3rd quarter. Principal Financial Group Inc. now owns 6,709,202 shares of the oil and gas company’s stock valued at $786,453,000 after purchasing an additional 521,932 shares during the last quarter. United Bank grew its holdings in shares of Exxon Mobil by 3.7% during the third quarter. United Bank now owns 17,920 shares of the oil and gas company’s stock worth $2,101,000 after purchasing an additional 641 shares during the last quarter. FORA Capital LLC acquired a new stake in shares of Exxon Mobil in the third quarter valued at $671,000. Northwest & Ethical Investments L.P. raised its holdings in shares of Exxon Mobil by 15.5% in the third quarter. Northwest & Ethical Investments L.P. now owns 60,510 shares of the oil and gas company’s stock valued at $7,093,000 after buying an additional 8,110 shares during the last quarter. Finally, Isthmus Partners LLC acquired a new position in Exxon Mobil during the 3rd quarter worth about $905,000. Institutional investors own 61.80% of the company’s stock.

Wall Street Analysts Forecast Growth

XOM has been the subject of several research reports. UBS Group lowered their price objective on shares of Exxon Mobil from $149.00 to $147.00 and set a “buy” rating for the company in a research report on Thursday, December 12th. Wells Fargo & Company lowered their price target on shares of Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating for the company in a report on Monday, February 3rd. HSBC dropped their price objective on shares of Exxon Mobil from $125.00 to $123.00 and set a “hold” rating for the company in a research report on Friday, January 31st. Morgan Stanley lowered their target price on Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating for the company in a research note on Thursday. Finally, Scotiabank cut their price target on Exxon Mobil from $145.00 to $140.00 in a research note on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $129.05.

Exxon Mobil Trading Down 0.2 %

Shares of NYSE XOM opened at $117.66 on Friday. Exxon Mobil Co. has a twelve month low of $103.67 and a twelve month high of $126.34. The stock has a market cap of $510.53 billion, a price-to-earnings ratio of 15.01, a P/E/G ratio of 3.02 and a beta of 0.83. 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’s fifty day moving average is $110.73 and its 200-day moving average is $113.69.

Exxon Mobil (NYSE:XOM) last posted its 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 return on equity of 12.92% and a net margin of 9.63%. During the same period in the prior year, the business earned $2.48 EPS. Equities research analysts predict that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Wednesday, February 12th were paid a dividend of $0.99 per share. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a yield of 3.37%. Exxon Mobil’s payout ratio is 50.51%.

Insiders Place Their Bets

In other news, VP Darrin L. Talley sold 2,100 shares of the 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 owns 18,087 shares of the company’s stock, valued at $1,989,570. This represents a 10.40 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.03% of the company’s stock.

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.