Alesco Advisors LLC Has $1.42 Million Holdings in Exxon Mobil Co. (NYSE:XOM)

Alesco Advisors LLC lifted its holdings in Exxon Mobil Co. (NYSE:XOM) by 15.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,176 shares of the oil and gas company’s stock after acquiring an additional 1,788 shares during the quarter. Alesco Advisors LLC’s holdings in Exxon Mobil were worth $1,417,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Keystone Financial Group Inc. acquired a new position in shares of Exxon Mobil in the 4th quarter worth approximately $36,000. Retirement Wealth Solutions LLC acquired a new position in shares of Exxon Mobil in the 4th quarter worth approximately $46,000. Compass Planning Associates Inc acquired a new position in shares of Exxon Mobil in the 4th quarter worth approximately $47,000. Compass Financial Services Inc acquired a new position in Exxon Mobil during the 4th quarter worth $48,000. Finally, Peterson Financial Group Inc. bought a new position in Exxon Mobil in the 3rd quarter valued at $51,000. 61.80% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Argus upgraded Exxon Mobil to a “strong-buy” rating in a research report on Tuesday, February 4th. Mizuho dropped their price objective on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating for the company in a report on Monday, December 16th. UBS Group reduced their target price on shares of Exxon Mobil from $149.00 to $147.00 and set a “buy” rating on the stock in a research note on Thursday, December 12th. 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. Finally, The Goldman Sachs Group cut their price objective on shares of Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. One investment 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 stock has a consensus rating of “Moderate Buy” and a consensus target price of $129.25.

Exxon Mobil Stock Down 3.3 %

Shares of Exxon Mobil stock opened at $107.69 on Tuesday. Exxon Mobil Co. has a 1 year low of $104.03 and a 1 year high of $126.34. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. The company has a market capitalization of $467.28 billion, a P/E ratio of 13.74, a price-to-earnings-growth ratio of 3.02 and a beta of 0.89. The business 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 earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm earned $2.48 EPS. As a group, equities analysts predict that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

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 given a $0.99 dividend. The ex-dividend date is Wednesday, February 12th. This represents a $3.96 annualized dividend and a yield of 3.68%. Exxon Mobil’s dividend payout ratio is currently 50.51%.

Insider Buying and Selling

In other news, VP Darrin L. Talley sold 2,100 shares of the business’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total value of $231,000.00. Following the sale, the vice president now directly owns 18,087 shares in the company, valued at $1,989,570. The trade was a 10.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.03% of the company’s stock.

About Exxon Mobil

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.