Pinney & Scofield Inc. Takes Position in Exxon Mobil Co. (NYSE:XOM)

Pinney & Scofield Inc. acquired a new stake in Exxon Mobil Co. (NYSE:XOM - Free Report) during the fourth quarter, according to the company in its most recent 13F filing 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 and other institutional investors also recently added to or reduced their stakes in the company. Quantinno Capital Management LP lifted its position in Exxon Mobil by 24.1% during the fourth quarter. Quantinno Capital Management LP now owns 570,158 shares of the oil and gas company's stock worth $61,332,000 after buying an additional 110,772 shares in the last quarter. Accredited Wealth Management LLC purchased a new position in shares of Exxon Mobil during the 4th quarter worth $55,000. Rockline Wealth Management LLC boosted its position in shares of Exxon Mobil by 6.1% during the 4th quarter. Rockline Wealth Management LLC now owns 25,918 shares of the oil and gas company's stock valued at $2,788,000 after acquiring an additional 1,498 shares during the last quarter. Renasant Bank grew its holdings in shares of Exxon Mobil by 5.0% in the fourth quarter. Renasant Bank now owns 10,369 shares of the oil and gas company's stock valued at $1,115,000 after purchasing an additional 493 shares during the period. Finally, Paradigm Capital Management LLC NV increased its position in Exxon Mobil by 1.6% during the fourth quarter. Paradigm Capital Management LLC NV now owns 14,244 shares of the oil and gas company's stock worth $1,532,000 after purchasing an additional 227 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company's stock.

Wall Street Analyst Weigh In

XOM has been the topic of several recent analyst reports. Piper Sandler decreased their target price on shares of Exxon Mobil from $127.00 to $125.00 and set an "overweight" rating on the stock in a report on Tuesday, May 13th. Scotiabank lowered their price objective on Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating for the company in a research report on Friday, April 11th. Bernstein Bank lifted their target price on Exxon Mobil from $138.00 to $144.00 and gave the company an "overweight" rating in a research report on Friday, January 31st. 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, Royal Bank of Canada restated a "sector perform" rating on shares of Exxon Mobil in a report on Thursday. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, Exxon Mobil has an average rating of "Moderate Buy" and an average target price of $125.50.

Exxon Mobil Stock Up 0.4%

Shares of Exxon Mobil stock traded up $0.44 during trading on Tuesday, hitting $103.47. 10,394,065 shares of the stock were exchanged, compared to its average volume of 15,545,065. 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 firm's 50-day moving average price is $108.01 and its 200 day moving average price is $110.13. The stock has a market cap of $445.91 billion, a price-to-earnings ratio of 13.20, a price-to-earnings-growth ratio of 3.02 and a beta of 0.51. Exxon Mobil Co. has a 12-month low of $97.80 and a 12-month high of $126.34.

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. 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 period in the previous year, the company earned $2.06 earnings per share. As a group, analysts forecast that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th will be issued a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 3.83%. The ex-dividend date is Thursday, May 15th. 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.