Oppenheimer & Co. Inc. Boosts Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Oppenheimer & Co. Inc. increased its position in shares of Exxon Mobil Co. (NYSE:XOM) by 7.7% in the 4th quarter, Holdings Channel reports. The firm owned 302,244 shares of the oil and gas company’s stock after purchasing an additional 21,694 shares during the period. Exxon Mobil accounts for approximately 0.5% of Oppenheimer & Co. Inc.’s portfolio, making the stock its 28th largest position. Oppenheimer & Co. Inc.’s holdings in Exxon Mobil were worth $32,512,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Valmark Advisers Inc. boosted its holdings in shares of Exxon Mobil by 2.9% during the 3rd quarter. Valmark Advisers Inc. now owns 53,996 shares of the oil and gas company’s stock worth $6,329,000 after purchasing an additional 1,533 shares during the last quarter. Fidelis Capital Partners LLC lifted its position in Exxon Mobil by 2.0% during the third quarter. Fidelis Capital Partners LLC now owns 77,095 shares of the oil and gas company’s stock worth $9,272,000 after buying an additional 1,548 shares in the last quarter. Lodestar Private Asset Management LLC boosted its stake in Exxon Mobil by 1.1% during the third quarter. Lodestar Private Asset Management LLC now owns 9,919 shares of the oil and gas company’s stock worth $1,163,000 after buying an additional 108 shares during the last quarter. Highview Capital Management LLC DE purchased a new stake in Exxon Mobil in the 3rd quarter valued at $1,651,000. Finally, Avitas Wealth Management LLC increased its stake in shares of Exxon Mobil by 1.4% in the 3rd quarter. Avitas Wealth Management LLC now owns 55,412 shares of the oil and gas company’s stock worth $6,495,000 after acquiring an additional 780 shares during the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, VP Darrin L. Talley sold 2,100 shares of the business’s stock in a transaction on 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 transaction, the vice president now directly owns 18,087 shares of the company’s stock, valued at $1,989,570. The trade was a 10.40 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.03% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on XOM. HSBC lowered their price target on shares of Exxon Mobil from $125.00 to $123.00 and set a “hold” rating on the stock in a research report on Friday, January 31st. Royal Bank of Canada reissued a “sector perform” rating and issued a $115.00 price target on shares of Exxon Mobil in a research note on Monday, February 3rd. UBS Group cut their price target on shares of Exxon Mobil from $149.00 to $147.00 and set a “buy” rating for the company in a report on Thursday, December 12th. Argus upgraded Exxon Mobil to a “strong-buy” rating in a report on Tuesday, February 4th. Finally, TD Cowen cut their target price on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating for the company in a research note on Monday, December 16th. One analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $129.25.

Exxon Mobil Trading Up 1.1 %

NYSE XOM opened at $111.33 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. The firm has a market cap of $483.08 billion, a price-to-earnings ratio of 14.20, a PEG ratio of 3.02 and a beta of 0.89. The firm has a 50 day simple moving average of $108.95 and a 200-day simple moving average of $114.26. Exxon Mobil Co. has a one year low of $104.03 and a one year high of $126.34.

Exxon Mobil (NYSE:XOM) last announced 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 quarter in the previous year, the company earned $2.48 EPS. Equities research analysts anticipate that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Wednesday, February 12th will be paid a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.56%. The ex-dividend date of this dividend is Wednesday, February 12th. Exxon Mobil’s payout ratio is currently 50.51%.

Exxon Mobil 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.