Clune & Associates LTD. Makes New Investment in Exxon Mobil Co. (NYSE:XOM)

Clune & Associates LTD. acquired a new position in shares of Exxon Mobil Co. (NYSE:XOM) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 11,730 shares of the oil and gas company’s stock, valued at approximately $1,262,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Crowley Wealth Management Inc. purchased a new position in Exxon Mobil during the fourth quarter worth $321,000. FCA Corp TX boosted its stake in Exxon Mobil by 12.8% during the fourth quarter. FCA Corp TX now owns 2,625 shares of the oil and gas company’s stock worth $282,000 after buying an additional 297 shares during the period. Community Bank N.A. boosted its stake in Exxon Mobil by 1.6% during the fourth quarter. Community Bank N.A. now owns 57,035 shares of the oil and gas company’s stock worth $6,135,000 after buying an additional 913 shares during the period. Napatree Capital LLC boosted its stake in Exxon Mobil by 11.4% during the fourth quarter. Napatree Capital LLC now owns 9,435 shares of the oil and gas company’s stock worth $1,015,000 after buying an additional 962 shares during the period. Finally, Mosley Wealth Management boosted its stake in Exxon Mobil by 20.1% during the fourth quarter. Mosley Wealth Management now owns 8,594 shares of the oil and gas company’s stock worth $934,000 after buying an additional 1,440 shares during the period. 61.80% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Price Performance

Shares of NYSE XOM opened at $115.30 on Monday. The stock has a market capitalization of $500.29 billion, a price-to-earnings ratio of 14.71, a PEG ratio of 3.02 and a beta of 0.83. Exxon Mobil Co. has a 12 month low of $103.67 and a 12 month high of $126.34. The firm’s 50 day simple moving average is $110.09 and its 200-day simple moving average is $113.57. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97.

Exxon Mobil (NYSE:XOM) last announced 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 net margin of 9.63% and a return on equity of 12.92%. During the same period in the previous year, the business posted $2.48 EPS. Analysts expect that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th were issued a $0.99 dividend. The ex-dividend date was Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a yield of 3.43%. Exxon Mobil’s payout ratio is currently 50.51%.

Analyst Ratings Changes

Several research firms have commented on XOM. Mizuho dropped their price objective on shares of Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating for the company in a research note on Monday, December 16th. The Goldman Sachs Group decreased their target price on Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. Argus upgraded Exxon Mobil to a “strong-buy” rating in a research report on Tuesday, February 4th. Morgan Stanley lifted their target price on Exxon Mobil from $139.00 to $140.00 in a research report on Friday, January 31st. Finally, Bernstein Bank lifted their target price on Exxon Mobil from $138.00 to $144.00 and gave the stock an “overweight” rating 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 issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $129.15.

Insider Buying and Selling at Exxon Mobil

In other Exxon Mobil 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 value of $231,000.00. Following the transaction, the vice president now owns 18,087 shares in the company, valued at approximately $1,989,570. This trade represents a 10.40 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.03% of the stock is currently owned by insiders.

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.