Sunpointe LLC Buys 1,814 Shares of Exxon Mobil Co. (NYSE:XOM)

Sunpointe LLC raised its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 23.4% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,552 shares of the oil and gas company’s stock after purchasing an additional 1,814 shares during the period. Sunpointe LLC’s holdings in Exxon Mobil were worth $1,027,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in XOM. LMG Wealth Partners LLC grew its holdings in shares of Exxon Mobil by 0.8% in the fourth quarter. LMG Wealth Partners LLC now owns 65,704 shares of the oil and gas company’s stock valued at $7,068,000 after purchasing an additional 539 shares in the last quarter. Corps Capital Advisors LLC bought a new position in Exxon Mobil during the fourth quarter valued at $574,000. Freedom Day Solutions LLC grew its stake in shares of Exxon Mobil by 34.7% in the 4th quarter. Freedom Day Solutions LLC now owns 27,398 shares of the oil and gas company’s stock worth $2,947,000 after buying an additional 7,064 shares in the last quarter. Emerald Advisors LLC increased its holdings in shares of Exxon Mobil by 3.5% in the 4th quarter. Emerald Advisors LLC now owns 3,793 shares of the oil and gas company’s stock worth $408,000 after buying an additional 129 shares during the last quarter. Finally, Private Wealth Partners LLC increased its holdings in shares of Exxon Mobil by 2.9% in the 4th quarter. Private Wealth Partners LLC now owns 17,425 shares of the oil and gas company’s stock worth $1,874,000 after buying an additional 491 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Down 1.2 %

Shares of NYSE XOM opened at $110.67 on Friday. The stock has a 50 day moving average price of $108.60 and a 200 day moving average price of $114.49. The firm has a market capitalization of $480.20 billion, a price-to-earnings ratio of 14.12, a PEG ratio of 3.02 and a beta of 0.89. Exxon Mobil Co. has a 52-week low of $102.88 and a 52-week high of $126.34. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31.

Exxon Mobil (NYSE:XOM) last issued 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 previous year, the firm earned $2.48 earnings per share. Sell-side analysts expect that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders 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 yield of 3.58%. The ex-dividend date is Wednesday, February 12th. Exxon Mobil’s payout ratio is 50.51%.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Mizuho dropped their price target on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating for the company in a research report on Monday, December 16th. HSBC lowered their price objective on Exxon Mobil from $125.00 to $123.00 and set a “hold” rating for the company in a research note on Friday, January 31st. TD Cowen cut their target price on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating on the stock in a research report on Monday, December 16th. Argus upgraded Exxon Mobil to a “strong-buy” rating in a research report on Tuesday, February 4th. Finally, Scotiabank cut their price objective on shares of Exxon Mobil from $145.00 to $140.00 in a research report on Friday, January 31st. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Exxon Mobil currently has an average rating of “Moderate Buy” and an average price target of $129.25.

Insider Buying and Selling at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,100 shares of the stock in a transaction that occurred 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 transaction, the vice president now directly owns 18,087 shares in the company, valued at approximately $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 accessible through this link. 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.