Yoffe Investment Management LLC Acquires Shares of 4,007 Exxon Mobil Co. (NYSE:XOM)

Yoffe Investment Management LLC bought a new stake in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 4,007 shares of the oil and gas company's stock, valued at approximately $431,000.

Other institutional investors also recently bought and sold shares of the company. 10Elms LLP purchased a new stake in Exxon Mobil during the 4th quarter worth approximately $25,000. Fairway Wealth LLC purchased a new stake in shares of Exxon Mobil during the fourth quarter worth $31,000. Capital A Wealth Management LLC acquired a new stake in shares of Exxon Mobil in the fourth quarter valued at $32,000. Keystone Financial Group Inc. purchased a new position in Exxon Mobil in the fourth quarter valued at $36,000. Finally, Compass Planning Associates Inc acquired a new position in Exxon Mobil during the 4th quarter worth $47,000. 61.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have issued reports on XOM. Barclays reaffirmed a "hold" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Morgan Stanley reduced their target price on shares of Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating on the stock in a report on Thursday, March 27th. 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. The Goldman Sachs Group dropped their price objective on shares of Exxon Mobil from $125.00 to $123.00 and set a "neutral" rating on the stock in a research report on Friday, January 31st. Finally, Wells Fargo & Company reduced their price objective on shares of Exxon Mobil from $136.00 to $135.00 and set an "overweight" rating on the stock in a report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, ten have given a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $125.50.

Exxon Mobil Stock Performance

Shares of NYSE XOM traded up $0.29 during trading hours on Thursday, reaching $102.40. The stock had a trading volume of 7,190,202 shares, compared to its average volume of 16,413,568. The firm has a 50-day moving average of $107.50 and a 200-day moving average of $110.02. Exxon Mobil Co. has a fifty-two week low of $97.80 and a fifty-two week high of $126.34. The firm has a market cap of $441.30 billion, a price-to-earnings ratio of 13.05, a PEG ratio of 3.02 and a beta of 0.51. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 EPS 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 business had revenue of $83.13 billion during the quarter, compared to analysts' expectations of $86.11 billion. During the same period in the prior year, the company earned $2.06 earnings per share. The business's revenue was up .1% compared to the same quarter last year. Equities research analysts predict that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

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. This represents a $3.96 annualized dividend and a yield of 3.87%. The ex-dividend date of this dividend is Thursday, May 15th. Exxon Mobil's dividend payout ratio is presently 52.52%.

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.