Pinney & Scofield Inc. Makes New $340,000 Investment in Exxon Mobil Co. (NYSE:XOM)

Pinney & Scofield Inc. acquired a new position in Exxon Mobil Co. (NYSE:XOM - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 3,165 shares of the oil and gas company's stock, valued at approximately $340,000.

A number of other hedge funds have also bought and sold shares of XOM. University of Texas Texas AM Investment Management Co. grew its position in shares of Exxon Mobil by 2,334.5% in the fourth quarter. University of Texas Texas AM Investment Management Co. now owns 36,226 shares of the oil and gas company's stock valued at $3,897,000 after purchasing an additional 34,738 shares in the last quarter. Parr Mcknight Wealth Management Group LLC purchased a new position in Exxon Mobil during the 4th quarter valued at about $2,318,000. WCG Wealth Advisors LLC lifted its holdings in shares of Exxon Mobil by 0.3% in the fourth quarter. WCG Wealth Advisors LLC now owns 51,628 shares of the oil and gas company's stock worth $5,554,000 after buying an additional 135 shares in the last quarter. Pacific Point Advisors LLC bought a new position in shares of Exxon Mobil in the fourth quarter valued at approximately $886,000. Finally, Neo Ivy Capital Management bought a new stake in Exxon Mobil during the 4th quarter worth approximately $7,282,000. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

XOM has been the topic of a number of research reports. Barclays restated a "hold" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Scotiabank decreased their price target on shares of Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating for the company in a research note on Friday, April 11th. Royal Bank of Canada reiterated a "sector perform" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Morgan Stanley dropped their target price on shares of Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating on the stock in a research note on Thursday, March 27th. Finally, Mizuho cut their target price on Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 13th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, ten have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $125.50.

Exxon Mobil Stock Down 0.9%

NYSE XOM traded down $0.89 on Wednesday, hitting $102.63. 6,143,667 shares of the stock were exchanged, compared to its average volume of 15,509,395. 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 market cap of $442.30 billion, a PE ratio of 13.11, a PEG ratio of 3.02 and a beta of 0.51. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. The company has a 50-day moving average price of $107.77 and a 200-day moving average price of $110.08.

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

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th will be given 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 dividend yield of 3.86%. Exxon Mobil's payout ratio is currently 52.52%.

Exxon Mobil 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.