Runnymede Capital Advisors Inc. Buys New Holdings in Exxon Mobil Co. (NYSE:XOM)

Runnymede Capital Advisors Inc. bought a new stake in Exxon Mobil Co. (NYSE:XOM) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 1,730 shares of the oil and gas company’s stock, valued at approximately $186,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in XOM. Bank of New York Mellon Corp boosted its holdings in Exxon Mobil by 14.4% in the fourth quarter. Bank of New York Mellon Corp now owns 43,983,110 shares of the oil and gas company’s stock valued at $4,731,263,000 after acquiring an additional 5,538,694 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in Exxon Mobil by 1,524.1% in the fourth quarter. Pacer Advisors Inc. now owns 5,445,922 shares of the oil and gas company’s stock valued at $585,818,000 after acquiring an additional 5,110,603 shares during the last quarter. Franklin Resources Inc. boosted its holdings in Exxon Mobil by 16.3% in the third quarter. Franklin Resources Inc. now owns 31,522,556 shares of the oil and gas company’s stock valued at $3,936,929,000 after acquiring an additional 4,415,012 shares during the last quarter. Proficio Capital Partners LLC boosted its holdings in Exxon Mobil by 13,899.5% in the fourth quarter. Proficio Capital Partners LLC now owns 1,888,812 shares of the oil and gas company’s stock valued at $1,963,000 after acquiring an additional 1,875,320 shares during the last quarter. Finally, Strategic Financial Concepts LLC boosted its holdings in Exxon Mobil by 11,131.0% in the fourth quarter. Strategic Financial Concepts LLC now owns 1,792,811 shares of the oil and gas company’s stock valued at $192,853,000 after acquiring an additional 1,776,848 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on XOM shares. JPMorgan Chase & Co. reduced their price objective on Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating on the stock in a research note on Monday, December 16th. BMO Capital Markets reduced their price objective on Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating on the stock in a research note on Friday, January 31st. Bernstein Bank boosted their price objective on Exxon Mobil from $138.00 to $144.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Barclays reduced their price objective on Exxon Mobil from $137.00 to $135.00 and set an “overweight” rating on the stock in a research note on Tuesday. Finally, HSBC reduced their price objective on Exxon Mobil from $125.00 to $123.00 and set a “hold” rating on the stock 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 issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $129.15.

Exxon Mobil Stock Down 0.5 %

Shares of Exxon Mobil stock opened at $115.30 on Friday. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. The firm has a market cap of $500.29 billion, a P/E ratio of 14.71, a P/E/G ratio of 3.02 and a beta of 0.83. Exxon Mobil Co. has a fifty-two week low of $103.67 and a fifty-two week high of $126.34. The business has a 50-day moving average price of $110.09 and a 200 day moving average price of $113.58.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share for the quarter, missing analysts’ consensus estimates 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 period last year, the firm earned $2.48 EPS. On average, sell-side analysts forecast that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th were paid a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 3.43%. The ex-dividend date of this dividend was Wednesday, February 12th. Exxon Mobil’s payout ratio is currently 50.51%.

Insider Buying and Selling at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total transaction of $231,000.00. Following the completion of 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 position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.03% of the stock is currently owned by corporate insiders.

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.