Westbourne Investments Inc. Invests $457,000 in Exxon Mobil Co. (NYSE:XOM)

Westbourne Investments Inc. acquired a new stake in Exxon Mobil Co. (NYSE:XOM - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 4,249 shares of the oil and gas company's stock, valued at approximately $457,000.

Several other hedge funds and other institutional investors have also modified their holdings of XOM. Freestone Grove Partners LP bought a new position in shares of Exxon Mobil during the 4th quarter worth about $103,668,000. RBO & Co. LLC increased its stake in Exxon Mobil by 1.6% during the fourth quarter. RBO & Co. LLC now owns 127,735 shares of the oil and gas company's stock valued at $13,740,000 after acquiring an additional 2,043 shares during the period. Wise Wealth Partners acquired a new position in Exxon Mobil in the 4th quarter valued at approximately $226,000. Parvin Asset Management LLC acquired a new stake in shares of Exxon Mobil during the 4th quarter worth approximately $1,291,000. Finally, Headland Capital LLC bought a new stake in shares of Exxon Mobil during the fourth quarter valued at approximately $299,000. Institutional investors and hedge funds own 61.80% of the company's stock.

Insider Activity at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,100 shares of the business's stock in a transaction 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 of the company's stock, valued at $1,989,570. The trade was a 10.40 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.03% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Mizuho decreased 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 note on Thursday, April 3rd. UBS Group dropped their price target 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. Scotiabank decreased 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. The Goldman Sachs Group dropped their target price on Exxon Mobil from $125.00 to $123.00 and set a "neutral" rating for the company in a report on Friday, January 31st. Finally, Morgan Stanley decreased their price target 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. One research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $126.50.

Exxon Mobil Trading Up 0.4 %

NYSE XOM traded up $0.42 during trading hours on Friday, hitting $106.20. The company's stock had a trading volume of 16,574,731 shares, compared to its average volume of 15,769,565. Exxon Mobil Co. has a twelve month low of $97.80 and a twelve month high of $126.34. The firm has a market capitalization of $459.35 billion, a P/E ratio of 13.55, 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 stock has a fifty day moving average of $109.36 and a 200 day moving average of $111.73.

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 the consensus estimate of $1.73 by $0.03. Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. The business had revenue of $83.13 billion for the quarter, compared to analyst estimates of $86.11 billion. During the same period last year, the company earned $2.06 EPS. The firm's revenue was up .1% on a year-over-year basis. Equities research 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. Investors 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 3.73%. Exxon Mobil's payout ratio is 50.51%.

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.