FDx Advisors Inc. Purchases 421 Shares of Exxon Mobil Co. (NYSE:XOM)

FDx Advisors Inc. increased its position in shares of Exxon Mobil Co. (NYSE:XOM) by 9.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,655 shares of the oil and gas company’s stock after buying an additional 421 shares during the period. FDx Advisors Inc.’s holdings in Exxon Mobil were worth $501,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of XOM. Mainstay Capital Management LLC ADV boosted its holdings in Exxon Mobil by 3.7% in the 3rd quarter. Mainstay Capital Management LLC ADV now owns 27,388 shares of the oil and gas company’s stock valued at $3,210,000 after purchasing an additional 980 shares during the period. Nicholson Wealth Management Group LLC acquired a new position in shares of Exxon Mobil in the 3rd quarter valued at $877,000. Cross Staff Investments Inc raised its stake in shares of Exxon Mobil by 1.0% in the 3rd quarter. Cross Staff Investments Inc now owns 10,366 shares of the oil and gas company’s stock valued at $1,215,000 after buying an additional 100 shares in the last quarter. Merkkuri Wealth Advisors LLC raised its stake in shares of Exxon Mobil by 2.5% in the 3rd quarter. Merkkuri Wealth Advisors LLC now owns 4,891 shares of the oil and gas company’s stock valued at $573,000 after buying an additional 117 shares in the last quarter. Finally, Element Wealth LLC raised its stake in shares of Exxon Mobil by 141.9% in the 3rd quarter. Element Wealth LLC now owns 7,977 shares of the oil and gas company’s stock valued at $935,000 after buying an additional 4,680 shares in the last quarter. 61.80% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on XOM shares. Wells Fargo & Company dropped their price objective on shares of Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating for the company in a research note on Monday, February 3rd. Argus upgraded shares of Exxon Mobil to a “strong-buy” rating in a research note on Tuesday, February 4th. Morgan Stanley increased their price objective on shares of Exxon Mobil from $139.00 to $140.00 in a research note on Friday, January 31st. Royal Bank of Canada restated a “sector perform” rating and issued a $115.00 price objective on shares of Exxon Mobil in a research note on Monday, February 3rd. Finally, TD Cowen dropped their target price on shares of Exxon Mobil from $132.00 to $128.00 and set a “buy” rating for the company in a research report on Monday, December 16th. One 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 given a strong buy rating to the company’s stock. According to MarketBeat, Exxon Mobil presently has a consensus rating of “Moderate Buy” and a consensus target price of $129.25.

Exxon Mobil Trading Down 1.2 %

XOM opened at $110.67 on Monday. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $480.20 billion, a PE ratio of 14.12, a PEG ratio of 3.02 and a beta of 0.89. Exxon Mobil Co. has a 1-year low of $102.88 and a 1-year high of $126.34. The firm has a 50-day moving average price of $108.60 and a two-hundred day moving average price of $114.48.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 earnings per share 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 quarter last year, the firm posted $2.48 earnings per share. As a group, equities analysts anticipate that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th will be paid a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 3.58%. The ex-dividend date is Wednesday, February 12th. Exxon Mobil’s dividend payout ratio (DPR) is presently 50.51%.

Insider Activity

In other 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 value of $231,000.00. Following the transaction, the vice president now owns 18,087 shares of the company’s stock, valued at approximately $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 hyperlink. Insiders own 0.03% of the company’s stock.

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.