56,948 Shares in Exxon Mobil Co. (NYSE:XOM) Acquired by Alteri Wealth LLC

Alteri Wealth LLC bought a new stake in Exxon Mobil Co. (NYSE:XOM - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 56,948 shares of the oil and gas company's stock, valued at approximately $6,126,000. Exxon Mobil accounts for about 1.7% of Alteri Wealth LLC's portfolio, making the stock its 9th largest position.

Other large investors have also made changes to their positions in the company. Geode Capital Management LLC increased its stake in Exxon Mobil by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 93,299,598 shares of the oil and gas company's stock worth $10,023,875,000 after buying an additional 1,104,617 shares in the last quarter. Norges Bank purchased a new position in shares of Exxon Mobil during the fourth quarter worth $6,936,737,000. Northern Trust Corp lifted its holdings in Exxon Mobil by 7.0% during the 4th quarter. Northern Trust Corp now owns 46,017,358 shares of the oil and gas company's stock worth $4,950,087,000 after buying an additional 2,998,892 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Exxon Mobil by 14.4% in the 4th quarter. Bank of New York Mellon Corp now owns 43,983,110 shares of the oil and gas company's stock valued at $4,731,263,000 after buying an additional 5,538,694 shares during the period. Finally, Franklin Resources Inc. grew its stake in shares of Exxon Mobil by 13.1% in the fourth quarter. Franklin Resources Inc. now owns 35,662,602 shares of the oil and gas company's stock worth $3,836,226,000 after acquiring an additional 4,140,046 shares in the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Stock Performance

Shares of Exxon Mobil stock opened at $106.20 on Friday. The stock has a market cap of $459.35 billion, a PE ratio of 13.55, a price-to-earnings-growth ratio of 3.02 and a beta of 0.51. Exxon Mobil Co. has a 12 month low of $97.80 and a 12 month high of $126.34. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. The business has a fifty day simple moving average of $109.36 and a 200-day simple moving average of $111.73.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $1.76 EPS for the quarter, topping analysts' consensus estimates of $1.73 by $0.03. Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. The firm had revenue of $83.13 billion for the quarter, compared to the consensus estimate of $86.11 billion. During the same quarter in the prior year, the company posted $2.06 earnings per share. The firm's revenue was up .1% on a year-over-year basis. On average, sell-side analysts anticipate that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Thursday, May 15th will be paid a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 3.73%. Exxon Mobil's payout ratio is presently 50.51%.

Wall Street Analyst Weigh In

Several research firms have commented on XOM. Barclays lowered their price target on shares of Exxon Mobil from $135.00 to $130.00 and set an "overweight" rating for the company in a report on Wednesday, April 23rd. BMO Capital Markets dropped their target price on Exxon Mobil from $130.00 to $123.00 and set a "market perform" rating on the stock in a report on Friday, January 31st. Argus raised Exxon Mobil to a "strong-buy" rating in a report on Tuesday, February 4th. Royal Bank of Canada reiterated a "sector perform" rating and issued a $115.00 price objective on shares of Exxon Mobil in a report on Monday, February 3rd. Finally, UBS Group decreased their target price on Exxon Mobil from $135.00 to $131.00 and set a "buy" rating for the company in a research note on Monday, April 14th. One analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $126.50.

Insider Activity

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 shares were 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. This trade represents a 10.40 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.03% of the stock is currently owned by company 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.

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