Elefante Mark B Takes $355,000 Position in Exxon Mobil Co. (NYSE:XOM)

Elefante Mark B purchased a new stake in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,300 shares of the oil and gas company's stock, valued at approximately $355,000.

Several other large investors have also made changes to their positions in XOM. Fairway Wealth LLC acquired a new position in Exxon Mobil in the fourth quarter valued at about $31,000. Keystone Financial Group Inc. acquired a new position in Exxon Mobil in the fourth quarter valued at about $36,000. Retirement Wealth Solutions LLC acquired a new position in Exxon Mobil in the fourth quarter valued at about $46,000. Compass Planning Associates Inc acquired a new position in Exxon Mobil in the fourth quarter valued at about $47,000. Finally, Clarity Asset Management Inc. lifted its stake in Exxon Mobil by 29.7% in the fourth quarter. Clarity Asset Management Inc. now owns 437 shares of the oil and gas company's stock valued at $47,000 after buying an additional 100 shares during the period. Institutional investors and hedge funds own 61.80% of the company's stock.

Exxon Mobil Stock Performance

NYSE:XOM traded up $1.07 during mid-day trading on Tuesday, hitting $110.23. 7,331,061 shares of the stock were exchanged, compared to its average volume of 15,550,078. The stock has a market capitalization of $475.05 billion, a price-to-earnings ratio of 14.06, a price-to-earnings-growth ratio of 3.02 and a beta of 0.51. The firm's 50-day simple moving average is $109.04 and its 200 day simple moving average is $111.01. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. Exxon Mobil Co. has a fifty-two week low of $97.80 and a fifty-two week high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted 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 analyst estimates of $86.11 billion. During the same quarter last year, the company earned $2.06 EPS. The company's revenue was up .1% on a year-over-year basis. As a group, equities analysts anticipate that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th will be paid a dividend of $0.99 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a yield of 3.59%. Exxon Mobil's dividend payout ratio (DPR) is presently 52.52%.

Wall Street Analyst Weigh In

XOM has been the subject of several recent analyst reports. Bernstein Bank increased their price target on Exxon Mobil from $138.00 to $144.00 and gave the stock an "overweight" rating in a report on Friday, January 31st. The Goldman Sachs Group lowered their price target on Exxon Mobil from $125.00 to $123.00 and set a "neutral" rating for the company in a report on Friday, January 31st. UBS Group lowered their price target on Exxon Mobil from $135.00 to $131.00 and set a "buy" rating for the company in a report on Monday, April 14th. HSBC lowered their price target on Exxon Mobil from $125.00 to $123.00 and set a "hold" rating for the company in a report on Friday, January 31st. Finally, Argus upgraded Exxon Mobil to a "strong-buy" rating in a report on Tuesday, February 4th. 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 issued a strong buy rating to the company's stock. Based on data from MarketBeat, Exxon Mobil currently has a consensus rating of "Moderate Buy" and a consensus price target of $125.50.

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.