Beacon Pointe Advisors LLC Purchases 34,194 Shares of Exxon Mobil Co. (NYSE:XOM)

Beacon Pointe Advisors LLC lifted its holdings in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 8.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 458,510 shares of the oil and gas company's stock after purchasing an additional 34,194 shares during the period. Beacon Pointe Advisors LLC's holdings in Exxon Mobil were worth $49,322,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of XOM. Marshall & Sterling Wealth Advisors Inc. acquired a new position in shares of Exxon Mobil in the 4th quarter valued at $258,000. Public Employees Retirement Association of Colorado boosted its position in Exxon Mobil by 46.7% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 2,911,118 shares of the oil and gas company's stock worth $313,149,000 after purchasing an additional 926,241 shares during the period. Quarry LP increased its holdings in Exxon Mobil by 123.8% in the 4th quarter. Quarry LP now owns 998 shares of the oil and gas company's stock valued at $107,000 after purchasing an additional 552 shares in the last quarter. Mendel Capital Management LLC raised its position in Exxon Mobil by 4.3% in the fourth quarter. Mendel Capital Management LLC now owns 2,496 shares of the oil and gas company's stock valued at $269,000 after purchasing an additional 103 shares during the period. Finally, Mission Creek Capital Partners Inc. lifted its stake in shares of Exxon Mobil by 41.4% during the fourth quarter. Mission Creek Capital Partners Inc. now owns 33,298 shares of the oil and gas company's stock worth $3,582,000 after purchasing an additional 9,756 shares in the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

XOM has been the topic of a number of recent research reports. Morgan Stanley reduced their price objective on Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating on the stock in a research note on Thursday, March 27th. HSBC cut their price target on Exxon Mobil from $125.00 to $123.00 and set a "hold" rating on the stock in a research note on Friday, January 31st. Wells Fargo & Company cut their price target on Exxon Mobil from $136.00 to $135.00 and set an "overweight" rating on the stock in a research note on Monday, February 3rd. Royal Bank of Canada reiterated a "sector perform" rating and issued a $115.00 price target on shares of Exxon Mobil in a research note on Monday, February 3rd. Finally, The Goldman Sachs Group cut their price target on Exxon Mobil from $125.00 to $123.00 and set a "neutral" rating on the stock in a research note on Friday, January 31st. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, Exxon Mobil has a consensus rating of "Moderate Buy" and an average price target of $126.50.

Insider Buying and Selling

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the 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 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 can be accessed through this hyperlink. Corporate insiders own 0.03% of the company's stock.

Exxon Mobil Stock Performance

Shares of NYSE:XOM traded down $2.75 during trading on Wednesday, hitting $105.61. 20,350,321 shares of the company traded hands, compared to its average volume of 15,842,112. Exxon Mobil Co. has a one year low of $97.80 and a one year high of $126.34. The stock has a market capitalization of $456.79 billion, a price-to-earnings ratio of 13.47, a PEG ratio of 3.02 and a beta of 0.61. The business's fifty day moving average is $109.64 and its 200-day moving average is $112.00. 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 (NYSE:XOM - Get Free Report) last issued its quarterly earnings data 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 return on equity of 12.92% and a net margin of 9.63%. During the same period in the prior year, the business earned $2.48 earnings per share. As a group, equities analysts predict that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Wednesday, February 12th were issued a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 3.75%. The ex-dividend date of this dividend was Wednesday, February 12th. Exxon Mobil's dividend payout ratio (DPR) is 50.51%.

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.