2,472 Shares in Exxon Mobil Co. (NYSE:XOM) Bought by Hidden Cove Wealth Management LLC

Hidden Cove Wealth Management LLC bought a new stake in Exxon Mobil Co. (NYSE:XOM) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,472 shares of the oil and gas company’s stock, valued at approximately $266,000.

Several other large investors also recently modified their holdings of the business. Keystone Financial Group Inc. acquired a new stake in shares of Exxon Mobil during the fourth quarter worth $36,000. Retirement Wealth Solutions LLC bought a new position in Exxon Mobil during the 4th quarter worth about $46,000. Compass Financial Services Inc acquired a new stake in shares of Exxon Mobil in the 4th quarter valued at about $48,000. Peterson Financial Group Inc. acquired a new position in shares of Exxon Mobil during the third quarter worth about $51,000. Finally, Highline Wealth Partners LLC bought a new position in shares of Exxon Mobil during the third quarter worth about $54,000. 61.80% of the stock is currently owned by institutional investors.

Insider Transactions at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,100 shares of the firm’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 directly 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. UBS Group lowered their price objective on shares of Exxon Mobil from $149.00 to $147.00 and set a “buy” rating on the stock in a report on Thursday, December 12th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $115.00 price target on shares of Exxon Mobil in a research note on Monday, February 3rd. Scotiabank reduced their price objective on shares of Exxon Mobil from $145.00 to $140.00 in a research note on Friday, January 31st. Bernstein Bank lifted their target price on Exxon Mobil from $138.00 to $144.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Finally, Wolfe Research raised their price target on Exxon Mobil from $137.00 to $138.00 in a research note on Thursday, October 31st. One equities research 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 company’s stock. Based on data from MarketBeat.com, Exxon Mobil currently has a consensus rating of “Moderate Buy” and a consensus price target of $129.25.

Exxon Mobil Stock Performance

Shares of XOM stock opened at $108.17 on Friday. The company has a market capitalization of $475.42 billion, a price-to-earnings ratio of 13.80, a PEG ratio of 2.94 and a beta of 0.89. 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 52 week low of $100.60 and a 52 week high of $126.34. The company has a 50-day simple moving average of $108.78 and a 200 day simple moving average of $114.73.

Exxon Mobil (NYSE:XOM) last posted 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 company posted $2.48 earnings per share. On average, sell-side analysts predict that Exxon Mobil Co. will post 7.37 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th will be given a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.66%. The ex-dividend date is Wednesday, February 12th. Exxon Mobil’s payout ratio is 50.51%.

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.