Bridgefront Capital LLC Takes Position in Exxon Mobil Co. (NYSE:XOM)

Bridgefront Capital LLC purchased a new position in Exxon Mobil Co. (NYSE:XOM - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 11,093 shares of the oil and gas company's stock, valued at approximately $1,193,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Accredited Wealth Management LLC purchased a new stake in Exxon Mobil in the 4th quarter worth about $55,000. Rockline Wealth Management LLC boosted its stake in Exxon Mobil by 6.1% during the fourth quarter. Rockline Wealth Management LLC now owns 25,918 shares of the oil and gas company's stock valued at $2,788,000 after buying an additional 1,498 shares during the period. Renasant Bank grew its holdings in shares of Exxon Mobil by 5.0% during the fourth quarter. Renasant Bank now owns 10,369 shares of the oil and gas company's stock worth $1,115,000 after purchasing an additional 493 shares in the last quarter. Helen Stephens Group LLC increased its holdings in shares of Exxon Mobil by 7.3% in the 4th quarter. Helen Stephens Group LLC now owns 41,637 shares of the oil and gas company's stock worth $4,479,000 after buying an additional 2,825 shares during the last quarter. Finally, Hartford Funds Management Co LLC bought a new stake in Exxon Mobil during the fourth quarter worth about $543,000. 61.80% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Stock Performance

Shares of XOM stock opened at $106.20 on Monday. The firm has a market capitalization of $459.35 billion, a PE ratio of 13.55, a P/E/G ratio of 3.02 and a beta of 0.51. The company has a 50 day moving average price of $109.36 and a 200-day moving average price of $111.61. Exxon Mobil Co. has a 52 week low of $97.80 and a 52 week 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.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 EPS for the quarter, beating the consensus estimate of $1.73 by $0.03. The firm had revenue of $83.13 billion during the quarter, compared to analyst estimates of $86.11 billion. Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. The business's revenue for the quarter was up .1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.06 EPS. As a group, equities research analysts expect that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

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

Insider Buying and Selling

In related news, VP Darrin L. Talley sold 2,100 shares of the stock in a transaction that occurred 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 represents a 10.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.03% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. The Goldman Sachs Group lowered their price target on shares of Exxon Mobil from $125.00 to $123.00 and set a "neutral" rating for the company in a research note on Friday, January 31st. HSBC reduced their price target on Exxon Mobil from $125.00 to $123.00 and set a "hold" rating on the stock in a research report on Friday, January 31st. Morgan Stanley lowered their price objective on Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating for the company in a research report on Thursday, March 27th. BMO Capital Markets cut their target price on shares of Exxon Mobil from $130.00 to $123.00 and set a "market perform" rating on the stock in a report on Friday, January 31st. Finally, Bernstein Bank raised their price target on shares of Exxon Mobil from $138.00 to $144.00 and gave the stock an "overweight" rating in a report on Friday, January 31st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Exxon Mobil currently has an average rating of "Moderate Buy" and an average target price of $126.50.

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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