Ameriflex Group Inc. Takes $956,000 Position in Exxon Mobil Co. (NYSE:XOM)

Ameriflex Group Inc. bought a new position in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 8,945 shares of the oil and gas company's stock, valued at approximately $956,000.

Several other hedge funds have also recently modified their holdings of the stock. Geode Capital Management LLC boosted its holdings in shares of 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 purchasing an additional 1,104,617 shares during the last quarter. Norges Bank acquired a new position in Exxon Mobil during the fourth quarter worth $6,936,737,000. Northern Trust Corp grew its holdings in Exxon Mobil by 7.0% in the 4th quarter. Northern Trust Corp now owns 46,017,358 shares of the oil and gas company's stock valued at $4,950,087,000 after buying an additional 2,998,892 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of 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 worth $4,731,263,000 after acquiring an additional 5,538,694 shares during the last quarter. Finally, Franklin Resources Inc. raised its holdings in shares of Exxon Mobil by 13.1% during the 4th quarter. Franklin Resources Inc. now owns 35,662,602 shares of the oil and gas company's stock worth $3,836,226,000 after acquiring an additional 4,140,046 shares during the period. Institutional investors and hedge funds own 61.80% of the company's stock.

Exxon Mobil Trading Up 0.3%

NYSE:XOM traded up $0.29 during mid-day trading on Thursday, reaching $102.40. The company's stock had a trading volume of 7,190,202 shares, compared to its average volume of 16,413,568. Exxon Mobil Co. has a twelve month low of $97.80 and a twelve month high of $126.34. The company's fifty day simple moving average is $107.50 and its two-hundred day simple moving average is $110.02. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. The stock has a market cap of $441.30 billion, a P/E ratio of 13.05, a P/E/G ratio of 3.02 and a beta of 0.51.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings results 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 company had revenue of $83.13 billion for the quarter, compared to analyst estimates of $86.11 billion. During the same quarter last year, the business earned $2.06 EPS. Exxon Mobil's revenue for the quarter was up .1% on a year-over-year basis. On average, equities analysts predict that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th will be paid a $0.99 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.87%. Exxon Mobil's dividend payout ratio (DPR) is currently 52.52%.

Wall Street Analysts Forecast Growth

XOM has been the subject of several recent analyst reports. The Goldman Sachs Group cut their price objective on shares of Exxon Mobil from $125.00 to $123.00 and set a "neutral" rating for the company in a research report on Friday, January 31st. Argus raised shares of Exxon Mobil to a "strong-buy" rating in a research report on Tuesday, February 4th. BMO Capital Markets lowered their price objective on Exxon Mobil from $130.00 to $123.00 and set a "market perform" rating for the company in a research report on Friday, January 31st. Wells Fargo & Company cut their target price on Exxon Mobil from $136.00 to $135.00 and set an "overweight" rating for the company in a research note on Monday, February 3rd. Finally, Morgan Stanley decreased their price target 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. One research analyst has rated the stock with a sell rating, ten have given a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $125.50.

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.