Pinnacle West Asset Management Inc. Acquires 475 Shares of Exxon Mobil Co. (NYSE:XOM)

Pinnacle West Asset Management Inc. boosted its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 2.4% in the fourth quarter, HoldingsChannel reports. The fund owned 20,090 shares of the oil and gas company’s stock after acquiring an additional 475 shares during the period. Exxon Mobil accounts for 1.5% of Pinnacle West Asset Management Inc.’s portfolio, making the stock its 21st biggest holding. Pinnacle West Asset Management Inc.’s holdings in Exxon Mobil were worth $2,161,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Keystone Financial Group Inc. bought a new stake in shares of Exxon Mobil during the fourth quarter valued at approximately $36,000. Retirement Wealth Solutions LLC purchased a new stake in Exxon Mobil during the 4th quarter valued at $46,000. Compass Planning Associates Inc bought a new stake in shares of Exxon Mobil in the 4th quarter worth $47,000. Peterson Financial Group Inc. purchased a new position in shares of Exxon Mobil in the third quarter worth $51,000. Finally, Compass Financial Services Inc bought a new position in shares of Exxon Mobil during the fourth quarter valued at $48,000. Institutional investors own 61.80% of the company’s stock.

Insiders Place Their Bets

In related news, VP Darrin L. Talley sold 2,100 shares of the stock in a transaction dated Tuesday, February 4th. The stock was 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 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 SEC, which can be accessed through this hyperlink. 0.03% of the stock is currently owned by company insiders.

Exxon Mobil Stock Up 0.6 %

XOM stock opened at $110.06 on Friday. The business’s 50-day moving average price is $108.84 and its 200-day moving average price is $114.31. The stock has a market cap of $477.58 billion, a P/E ratio of 14.04, a PEG ratio of 3.02 and a beta of 0.89. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. Exxon Mobil Co. has a twelve month low of $104.00 and a twelve month high of $126.34.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share 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 quarter in the prior year, the business earned $2.48 earnings per share. On average, equities research analysts forecast that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th will be paid a $0.99 dividend. The ex-dividend date is Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a yield of 3.60%. Exxon Mobil’s payout ratio is presently 50.51%.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Bernstein Bank lifted their price objective on Exxon Mobil from $138.00 to $144.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Morgan Stanley boosted their price objective on shares of Exxon Mobil from $139.00 to $140.00 in a report on Friday, January 31st. Scotiabank decreased their price objective on shares of Exxon Mobil from $145.00 to $140.00 in a report on Friday, January 31st. TD Cowen cut their target price on shares of Exxon Mobil from $132.00 to $128.00 and set a “buy” rating for the company in a research report on Monday, December 16th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $115.00 target price on shares of Exxon Mobil in a research note on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $129.25.

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.