Parvin Asset Management LLC Takes $1.29 Million Position in Exxon Mobil Co. (NYSE:XOM)

Parvin Asset Management LLC purchased a new position in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 12,001 shares of the oil and gas company's stock, valued at approximately $1,291,000. Exxon Mobil comprises approximately 1.4% of Parvin Asset Management LLC's investment portfolio, making the stock its 14th largest holding.

Other hedge funds and other institutional investors have also modified their holdings of the company. Fairway Wealth LLC purchased a new stake in Exxon Mobil in the 4th quarter valued at about $31,000. Keystone Financial Group Inc. purchased a new stake in Exxon Mobil during the fourth quarter valued at about $36,000. Retirement Wealth Solutions LLC acquired a new stake in Exxon Mobil during the fourth quarter worth about $46,000. Compass Planning Associates Inc acquired a new position in shares of Exxon Mobil in the 4th quarter valued at about $47,000. Finally, Synergy Investment Management LLC purchased a new stake in shares of Exxon Mobil during the 4th quarter worth about $47,000. 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 recent research reports. Mizuho reduced their price target on shares of Exxon Mobil from $131.00 to $129.00 and set a "neutral" rating on the stock in a research report on Thursday, April 3rd. Barclays dropped their price objective on shares of Exxon Mobil from $135.00 to $130.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 23rd. UBS Group decreased their price objective on shares of Exxon Mobil from $135.00 to $131.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Bernstein Bank boosted their price target on Exxon Mobil from $138.00 to $144.00 and gave the stock an "overweight" rating in a research note on Friday, January 31st. Finally, Scotiabank dropped their price objective on Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating on the stock in a report on Friday, April 11th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $126.50.

Exxon Mobil Stock Up 0.4 %

NYSE:XOM traded up $0.42 during trading hours on Friday, hitting $106.20. 16,574,731 shares of the company's stock traded hands, compared to its average volume of 15,769,560. The stock's fifty day moving average price is $109.44 and its two-hundred day moving average price is $111.83. The firm has a market cap of $459.35 billion, a P/E ratio of 13.55, a P/E/G ratio of 3.02 and a beta of 0.61. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. Exxon Mobil Co. has a twelve month low of $97.80 and a twelve month high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $86.11 billion. During the same period in the prior year, the firm earned $2.06 earnings per share. The firm's revenue was up .1% compared to the same quarter last year. On average, research analysts expect that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th will be issued a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 3.73%. Exxon Mobil's dividend payout ratio is currently 50.51%.

Insider Transactions at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,100 shares of Exxon Mobil stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total transaction of $231,000.00. Following the completion of the sale, the vice president now owns 18,087 shares of the company's stock, valued at approximately $1,989,570. This trade represents a 10.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.03% of the stock is currently owned by company insiders.

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.