Cary Street Partners Financial LLC Makes New Investment in Exxon Mobil Co. (NYSE:XOM)

Cary Street Partners Financial LLC purchased a new stake in Exxon Mobil Co. (NYSE:XOM - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 126,672 shares of the oil and gas company's stock, valued at approximately $13,626,000.

A number of other hedge funds also recently made changes to their positions in the stock. Principal Financial Group Inc. grew its stake in Exxon Mobil by 8.4% during the third quarter. Principal Financial Group Inc. now owns 6,709,202 shares of the oil and gas company's stock worth $786,453,000 after purchasing an additional 521,932 shares during the period. Capital Market Strategies LLC grew its holdings in Exxon Mobil by 1.1% in the fourth quarter. Capital Market Strategies LLC now owns 9,419 shares of the oil and gas company's stock worth $1,013,000 after purchasing an additional 102 shares during the period. Bard Financial Services Inc. increased its stake in Exxon Mobil by 0.3% in the fourth quarter. Bard Financial Services Inc. now owns 85,400 shares of the oil and gas company's stock valued at $9,186,000 after purchasing an additional 250 shares in the last quarter. Kozak & Associates Inc. boosted its position in shares of Exxon Mobil by 4.0% during the 4th quarter. Kozak & Associates Inc. now owns 4,462 shares of the oil and gas company's stock worth $481,000 after purchasing an additional 173 shares in the last quarter. Finally, Doliver Advisors LP grew its stake in shares of Exxon Mobil by 1.2% in the 4th quarter. Doliver Advisors LP now owns 1,155,606 shares of the oil and gas company's stock valued at $124,308,000 after buying an additional 13,359 shares during the period. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Stock Up 0.4 %

XOM stock opened at $106.20 on Monday. The company has a market capitalization of $459.35 billion, a price-to-earnings ratio of 13.55, a PEG ratio of 3.02 and a beta of 0.51. Exxon Mobil Co. has a fifty-two week low of $97.80 and a fifty-two week high of $126.34. 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 stock has a fifty day moving average of $109.36 and a 200-day moving average of $111.61.

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

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders 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 dividend payout ratio is presently 50.51%.

Insider Activity at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the company's stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total transaction of $231,000.00. Following the completion of the sale, the vice president now directly owns 18,087 shares in the company, valued at $1,989,570. This represents a 10.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.03% of the stock is owned by insiders.

Wall Street Analyst Weigh In

XOM has been the topic of a number of research reports. Bernstein Bank upped their target price on Exxon Mobil from $138.00 to $144.00 and gave the stock an "overweight" rating in a research report on Friday, January 31st. Argus upgraded shares of Exxon Mobil to a "strong-buy" rating in a report on Tuesday, February 4th. The Goldman Sachs Group reduced their price objective on shares of Exxon Mobil from $125.00 to $123.00 and set a "neutral" rating for the company in a report on Friday, January 31st. BMO Capital Markets dropped their price target on shares of Exxon Mobil from $130.00 to $123.00 and set a "market perform" rating on the stock in a research report on Friday, January 31st. Finally, Scotiabank decreased their price objective on Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating for the company in a report on Friday, April 11th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company 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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