3,757 Shares in Exxon Mobil Co. (NYSE:XOM) Acquired by Legacy Financial Group LLC

Legacy Financial Group LLC bought a new position in shares of Exxon Mobil Co. (NYSE:XOM) in the fourth quarter, Holdings Channel reports. The fund bought 3,757 shares of the oil and gas company’s stock, valued at approximately $404,000.

A number of other large investors have also recently added to or reduced their stakes in the business. Peak Financial Management Inc. boosted its holdings in Exxon Mobil by 16.0% during the fourth quarter. Peak Financial Management Inc. now owns 4,813 shares of the oil and gas company’s stock worth $518,000 after buying an additional 665 shares in the last quarter. TI Trust Inc. boosted its stake in Exxon Mobil by 0.4% in the 4th quarter. TI Trust Inc. now owns 23,774 shares of the oil and gas company’s stock worth $2,557,000 after purchasing an additional 100 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its stake in Exxon Mobil by 10.2% in the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 74,223 shares of the oil and gas company’s stock worth $7,984,000 after purchasing an additional 6,872 shares during the period. High Net Worth Advisory Group LLC boosted its stake in Exxon Mobil by 1.8% in the 4th quarter. High Net Worth Advisory Group LLC now owns 31,219 shares of the oil and gas company’s stock worth $3,358,000 after purchasing an additional 541 shares during the period. Finally, OLIO Financial Planning acquired a new position in Exxon Mobil in the 4th quarter worth approximately $396,000. 61.80% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Wolfe Research raised their price objective on shares of Exxon Mobil from $137.00 to $138.00 in a research note on Thursday, October 31st. Bank of America assumed coverage on shares of Exxon Mobil in a research note on Thursday, October 17th. They issued a “neutral” rating and a $124.00 price objective for the company. UBS Group decreased their price objective on shares of Exxon Mobil from $149.00 to $147.00 and set a “buy” rating for the company in a research note on Thursday, December 12th. Mizuho cut their target price on shares of Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating for the company in a research report on Monday, December 16th. Finally, Barclays cut their target price on shares of Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating for the company in a research report on Thursday, October 3rd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $128.84.

Exxon Mobil Stock Down 2.0 %

Exxon Mobil stock opened at $107.99 on Wednesday. The company has a market capitalization of $474.64 billion, a P/E ratio of 13.45, a P/E/G ratio of 2.86 and a beta of 0.91. The firm’s fifty day simple moving average is $111.35 and its 200-day simple moving average is $115.41. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. Exxon Mobil Co. has a 1-year low of $100.42 and a 1-year high of $126.34.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, beating analysts’ consensus estimates of $1.91 by $0.01. The business had revenue of $90.02 billion for the quarter, compared to the consensus estimate of $93.98 billion. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. Exxon Mobil’s revenue for the quarter was down .8% on a year-over-year basis. During the same quarter last year, the firm earned $2.27 EPS. Sell-side analysts forecast that Exxon Mobil Co. will post 7.77 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Thursday, November 14th were issued a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.67%. The ex-dividend date was Thursday, November 14th. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s dividend payout ratio (DPR) is 49.32%.

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.