Edgestream Partners L.P. Acquires Shares of 8,026 Exxon Mobil Co. (NYSE:XOM)

Edgestream Partners L.P. acquired a new stake in shares of Exxon Mobil Co. (NYSE:XOM) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,026 shares of the oil and gas company’s stock, valued at approximately $863,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Keystone Financial Group Inc. purchased a new position in shares of Exxon Mobil in the fourth quarter valued at about $36,000. Retirement Wealth Solutions LLC bought a new stake in shares of Exxon Mobil in the fourth quarter worth about $46,000. Compass Planning Associates Inc purchased a new position in Exxon Mobil during the 4th quarter valued at about $47,000. Synergy Investment Management LLC bought a new position in Exxon Mobil during the 4th quarter valued at approximately $47,000. Finally, Compass Financial Services Inc bought a new position in Exxon Mobil during the 4th quarter valued at approximately $48,000. Institutional investors own 61.80% of the company’s stock.

Insider Buying and Selling at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the company’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total transaction of $231,000.00. Following the transaction, the vice president now owns 18,087 shares in the company, valued at approximately $1,989,570. This represents a 10.40 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.03% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on XOM. Bernstein Bank boosted their target price on Exxon Mobil from $138.00 to $144.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. TD Cowen reduced their price objective on shares of Exxon Mobil from $132.00 to $128.00 and set a “buy” rating on the stock in a research report on Monday, December 16th. Morgan Stanley upped their price objective on shares of Exxon Mobil from $139.00 to $140.00 in a report on Friday, January 31st. The Goldman Sachs Group cut their target price on shares of Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. Finally, Scotiabank decreased their price target on shares of Exxon Mobil from $145.00 to $140.00 in a research note on Friday, January 31st. One analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Exxon Mobil presently has a consensus rating of “Moderate Buy” and a consensus price target of $129.25.

Exxon Mobil Price Performance

XOM opened at $109.06 on Wednesday. The firm has a market cap of $473.24 billion, a PE ratio of 13.91, a P/E/G ratio of 3.02 and a beta of 0.83. The stock has a 50-day moving average price of $109.20 and a 200-day moving average price of $113.80. Exxon Mobil Co. has a 1 year low of $103.67 and a 1 year 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.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.77 by ($0.10). Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. During the same quarter in the previous year, the firm earned $2.48 earnings per share. Sell-side analysts predict that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Wednesday, February 12th were given a $0.99 dividend. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $3.96 annualized dividend and a yield of 3.63%. Exxon Mobil’s dividend payout ratio (DPR) is presently 50.51%.

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.