Financial Counselors Inc. Boosts Stock Position in Exxon Mobil Co. (NYSE:XOM)

Financial Counselors Inc. grew its stake in Exxon Mobil Co. (NYSE:XOM) by 1.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 597,403 shares of the oil and gas company’s stock after purchasing an additional 8,400 shares during the period. Exxon Mobil makes up approximately 0.9% of Financial Counselors Inc.’s portfolio, making the stock its 24th biggest holding. Financial Counselors Inc.’s holdings in Exxon Mobil were worth $64,263,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Morey & Quinn Wealth Partners LLC purchased a new position in Exxon Mobil during the 4th quarter worth $718,000. Ipsen Advisor Group LLC purchased a new stake in shares of Exxon Mobil in the fourth quarter valued at about $688,000. Murphy & Mullick Capital Management Corp acquired a new position in shares of Exxon Mobil during the fourth quarter worth about $91,000. BG Investment Services Inc. purchased a new position in Exxon Mobil during the fourth quarter worth about $311,000. Finally, Momentous Wealth Management Inc. acquired a new stake in Exxon Mobil in the fourth quarter valued at about $347,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Insider Activity at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of Exxon Mobil 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 transaction, the vice president now owns 18,087 shares in the company, valued at $1,989,570. This trade represents a 10.40 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.03% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on XOM shares. Mizuho cut their target price on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating for the company in a research note on Monday, December 16th. UBS Group cut their price objective on Exxon Mobil from $149.00 to $147.00 and set a “buy” rating for the company in a research report on Thursday, December 12th. Morgan Stanley boosted their target price on shares of Exxon Mobil from $139.00 to $140.00 in a research report on Friday, January 31st. Barclays cut their price target on shares of Exxon Mobil from $137.00 to $135.00 and set an “overweight” rating for the company in a report on Tuesday, March 18th. Finally, HSBC decreased their price objective on shares of Exxon Mobil from $125.00 to $123.00 and set a “hold” rating on the stock in a report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Exxon Mobil has an average rating of “Moderate Buy” and an average price target of $129.15.

Exxon Mobil Trading Up 0.7 %

Shares of XOM opened at $116.61 on Wednesday. Exxon Mobil Co. has a fifty-two week low of $103.67 and a fifty-two week high of $126.34. The company has a market capitalization of $505.99 billion, a PE ratio of 14.87, a price-to-earnings-growth ratio of 3.02 and a beta of 0.83. The stock has a fifty day moving average of $110.36 and a two-hundred day moving average of $113.61. 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 (NYSE:XOM) last released its 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 earned $2.48 earnings per share. As a group, analysts forecast that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The business also recently announced 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 dividend yield of 3.40%. Exxon Mobil’s dividend payout ratio 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.