Blue Rock Wealth Management LLC Makes New Investment in Exxon Mobil Co. (NYSE:XOM)

Blue Rock Wealth Management LLC purchased a new position in Exxon Mobil Co. (NYSE:XOM - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 3,518 shares of the oil and gas company's stock, valued at approximately $378,000.

A number of other hedge funds also recently bought and sold shares of XOM. 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 acquired a new stake in shares of Exxon Mobil in the fourth quarter worth approximately $6,936,737,000. Northern Trust Corp increased its position in shares of Exxon Mobil by 7.0% during the fourth quarter. Northern Trust Corp now owns 46,017,358 shares of the oil and gas company's stock worth $4,950,087,000 after purchasing an additional 2,998,892 shares in the last quarter. Bank of New York Mellon Corp raised its stake 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 purchasing an additional 5,538,694 shares during the last quarter. Finally, Franklin Resources Inc. lifted its holdings in Exxon Mobil by 13.1% in the 4th quarter. Franklin Resources Inc. now owns 35,662,602 shares of the oil and gas company's stock valued at $3,836,226,000 after purchasing an additional 4,140,046 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company's stock.

Wall Street Analyst Weigh In

XOM has been the topic of several research reports. Scotiabank decreased their price target on shares of Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating on the stock in a research note on Friday, April 11th. Argus upgraded Exxon Mobil to a "strong-buy" rating in a report on Tuesday, February 4th. Morgan Stanley cut their price target on Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating for the company in a report on Thursday, March 27th. BMO Capital Markets lowered their price objective on Exxon Mobil from $130.00 to $123.00 and set a "market perform" rating on the stock in a research note on Friday, January 31st. Finally, Mizuho cut their target price on Exxon Mobil from $131.00 to $129.00 and set a "neutral" rating for the company in a research note on Thursday, April 3rd. One research 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 company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $126.50.

Exxon Mobil Stock Up 0.4 %

Shares of XOM stock traded up $0.42 during trading hours on Friday, reaching $106.20. 16,574,731 shares of the stock were exchanged, compared to its average volume of 15,769,565. The business's fifty day moving average is $109.36 and its two-hundred day moving average is $111.73. The firm has a market capitalization of $459.35 billion, a P/E ratio of 13.55, a P/E/G ratio of 3.02 and a beta of 0.61. Exxon Mobil Co. has a 12-month low of $97.80 and a 12-month high of $126.34. 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 - Get Free Report) last announced its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, beating analysts' consensus estimates of $1.73 by $0.03. Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. The business had revenue of $83.13 billion for the quarter, compared to analyst estimates of $86.11 billion. During the same period last year, the business earned $2.06 EPS. The company's revenue was up .1% on a year-over-year basis. As a group, research analysts expect 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 Tuesday, June 10th. Investors of record on Thursday, May 15th will be paid a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.73%. Exxon Mobil's payout ratio is 50.51%.

Insider Buying and Selling

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the firm's 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 transaction, the vice president now owns 18,087 shares of the company's stock, valued at approximately $1,989,570. This trade represents a 10.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.03% of the stock is owned by company insiders.

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.