Headland Capital LLC Invests $299,000 in Exxon Mobil Co. (NYSE:XOM)

Headland Capital LLC purchased a new position in Exxon Mobil Co. (NYSE:XOM - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 2,777 shares of the oil and gas company's stock, valued at approximately $299,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Geode Capital Management LLC increased its position in 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 valued at $10,023,875,000 after buying an additional 1,104,617 shares in the last quarter. Norges Bank purchased a new stake in Exxon Mobil during the 4th quarter valued at $6,936,737,000. Northern Trust Corp lifted its holdings in Exxon Mobil by 7.0% in the fourth 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 acquiring an additional 2,998,892 shares during the period. Bank of New York Mellon Corp lifted 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 purchasing an additional 5,538,694 shares during the period. Finally, Franklin Resources Inc. raised its position in Exxon Mobil by 13.1% in the fourth 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 own 61.80% of the company's stock.

Exxon Mobil Price Performance

Shares of NYSE:XOM traded up $0.21 during midday trading on Thursday, hitting $105.84. The company had a trading volume of 18,594,556 shares, compared to its average volume of 15,805,621. Exxon Mobil Co. has a twelve month low of $97.80 and a twelve month high of $126.34. 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 business's 50-day simple moving average is $109.44 and its 200-day simple moving average is $111.83. The stock has a market cap of $457.80 billion, a price-to-earnings ratio of 13.50, a price-to-earnings-growth ratio of 3.02 and a beta of 0.61.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 EPS for the quarter, missing the consensus estimate of $1.77 by ($0.10). Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. During the same period last year, the business posted $2.48 earnings per share. On average, research analysts predict that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th were paid a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 3.74%. The ex-dividend date of this dividend was Wednesday, February 12th. Exxon Mobil's dividend payout ratio (DPR) is 50.51%.

Insider Activity

In related news, VP Darrin L. Talley sold 2,100 shares of Exxon Mobil stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total value of $231,000.00. Following the completion of the transaction, the vice president now owns 18,087 shares in the company, valued at approximately $1,989,570. The trade was a 10.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.03% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on XOM shares. The Goldman Sachs Group lowered their price objective on Exxon Mobil from $125.00 to $123.00 and set a "neutral" rating on the stock in a research report on Friday, January 31st. Mizuho dropped their price objective on shares of Exxon Mobil from $131.00 to $129.00 and set a "neutral" rating for the company in a report on Thursday, April 3rd. Bernstein Bank raised their target price on shares of Exxon Mobil from $138.00 to $144.00 and gave the company an "overweight" rating in a report on Friday, January 31st. Morgan Stanley reduced their price objective 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. Finally, UBS Group cut their price objective on shares of Exxon Mobil from $135.00 to $131.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Exxon Mobil currently has an average rating of "Moderate Buy" and an average target price of $126.50.

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.