Van Cleef Asset Management Inc Buys 2,192 Shares of Exxon Mobil Co. (NYSE:XOM)

Van Cleef Asset Management Inc grew its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 1.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 175,039 shares of the oil and gas company’s stock after purchasing an additional 2,192 shares during the quarter. Exxon Mobil makes up approximately 2.1% of Van Cleef Asset Management Inc’s portfolio, making the stock its 12th biggest position. Van Cleef Asset Management Inc’s holdings in Exxon Mobil were worth $18,829,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Fiducient Advisors LLC raised its stake in shares of Exxon Mobil by 224.2% during the third quarter. Fiducient Advisors LLC now owns 21,407 shares of the oil and gas company’s stock valued at $2,509,000 after acquiring an additional 14,803 shares during the last quarter. Cornerstone Wealth Group LLC increased its holdings in Exxon Mobil by 1.0% during the 3rd quarter. Cornerstone Wealth Group LLC now owns 82,500 shares of the oil and gas company’s stock valued at $9,671,000 after purchasing an additional 791 shares during the period. S.A. Mason LLC raised its position in Exxon Mobil by 4.3% during the 3rd quarter. S.A. Mason LLC now owns 7,033 shares of the oil and gas company’s stock valued at $824,000 after purchasing an additional 291 shares during the last quarter. Voisard Asset Management Group Inc. lifted its holdings in Exxon Mobil by 3.3% in the 3rd quarter. Voisard Asset Management Group Inc. now owns 4,634 shares of the oil and gas company’s stock worth $543,000 after buying an additional 147 shares during the period. Finally, Catalyst Financial Partners LLC grew its position in shares of Exxon Mobil by 2.7% in the 3rd quarter. Catalyst Financial Partners LLC now owns 27,947 shares of the oil and gas company’s stock worth $3,276,000 after buying an additional 726 shares during the last quarter. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Performance

Shares of Exxon Mobil stock opened at $111.33 on Friday. Exxon Mobil Co. has a 1 year low of $104.03 and a 1 year high of $126.34. The firm’s 50-day moving average is $108.95 and its 200 day moving average is $114.23. The stock has a market cap of $483.08 billion, a price-to-earnings ratio of 14.20, a PEG ratio of 3.02 and a beta of 0.89. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (EPS) for the quarter, missing the consensus estimate 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 quarter in the prior year, the company posted $2.48 earnings per share. Sell-side analysts anticipate that Exxon Mobil Co. will post 7.43 EPS 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. Shareholders of record on Wednesday, February 12th will be issued a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.56%. The ex-dividend date is Wednesday, February 12th. Exxon Mobil’s payout ratio is 50.51%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on XOM shares. Mizuho decreased their target price on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating for the company in a report on Monday, December 16th. BMO Capital Markets cut their target price on shares of 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. Wells Fargo & Company decreased their price target 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. The Goldman Sachs Group lowered their price objective on shares of Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating for the company in a report on Friday, January 31st. Finally, Morgan Stanley upped their target price on Exxon Mobil from $139.00 to $140.00 in a report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Exxon Mobil presently has an average rating of “Moderate Buy” and a consensus price target of $129.25.

Insider Transactions at Exxon Mobil

In related 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 sale, the vice president now directly owns 18,087 shares of the company’s stock, valued at $1,989,570. This trade represents a 10.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.03% of the company’s stock.

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.