Exxon Mobil Co. (NYSE:XOM) Shares Acquired by Magnolia Capital Advisors LLC

Magnolia Capital Advisors LLC lifted its position in Exxon Mobil Co. (NYSE:XOM) by 11.5% in the fourth quarter, HoldingsChannel reports. The firm owned 11,500 shares of the oil and gas company’s stock after buying an additional 1,185 shares during the period. Magnolia Capital Advisors LLC’s holdings in Exxon Mobil were worth $1,206,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of XOM. Legacy Capital Wealth Partners LLC acquired a new stake in Exxon Mobil during the third quarter worth approximately $703,000. Kingdom Financial Group LLC. raised its holdings in Exxon Mobil by 5.5% during the third quarter. Kingdom Financial Group LLC. now owns 11,891 shares of the oil and gas company’s stock worth $1,398,000 after purchasing an additional 615 shares in the last quarter. Artemis Investment Management LLP raised its holdings in Exxon Mobil by 68.1% during the third quarter. Artemis Investment Management LLP now owns 578,567 shares of the oil and gas company’s stock worth $67,997,000 after purchasing an additional 234,461 shares in the last quarter. Herbst Group LLC raised its holdings in Exxon Mobil by 4.4% during the third quarter. Herbst Group LLC now owns 26,050 shares of the oil and gas company’s stock worth $3,063,000 after purchasing an additional 1,100 shares in the last quarter. Finally, Investment Advisory Group LLC grew its position in shares of Exxon Mobil by 1.1% during the third quarter. Investment Advisory Group LLC now owns 11,835 shares of the oil and gas company’s stock worth $1,392,000 after acquiring an additional 126 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Insider Buying and Selling

In other Exxon Mobil news, VP Darrin L. Talley sold 2,400 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $105.00, for a total value of $252,000.00. Following the sale, the vice president now owns 30,189 shares in the company, valued at $3,169,845. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.03% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on XOM shares. TD Cowen increased their target price on shares of Exxon Mobil from $115.00 to $120.00 and gave the stock a “buy” rating in a research note on Monday, April 1st. Mizuho reiterated a “neutral” rating and set a $125.00 target price on shares of Exxon Mobil in a research note on Thursday, April 4th. Royal Bank of Canada reiterated a “sector perform” rating and set a $120.00 target price on shares of Exxon Mobil in a research note on Monday, February 5th. Scotiabank increased their target price on shares of Exxon Mobil from $114.00 to $129.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 11th. Finally, Barclays started coverage on shares of Exxon Mobil in a research note on Wednesday, April 10th. They set an “overweight” rating and a $147.00 target price for the company. Eight analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $132.28.

Exxon Mobil Stock Performance

NYSE:XOM traded down $0.18 during trading hours on Thursday, reaching $120.87. 6,823,106 shares of the stock were exchanged, compared to its average volume of 17,982,457. The company has a quick ratio of 1.09, a current ratio of 1.48 and a debt-to-equity ratio of 0.18. The firm has a 50 day simple moving average of $112.69 and a 200-day simple moving average of $106.51. Exxon Mobil Co. has a 52 week low of $95.77 and a 52 week high of $123.75. The stock has a market capitalization of $478.43 billion, a P/E ratio of 13.53, a P/E/G ratio of 4.16 and a beta of 0.96.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, February 2nd. The oil and gas company reported $2.48 EPS for the quarter, topping analysts’ consensus estimates of $2.20 by $0.28. Exxon Mobil had a return on equity of 18.51% and a net margin of 10.45%. The company had revenue of $84.34 billion for the quarter, compared to the consensus estimate of $90.03 billion. During the same quarter last year, the business posted $3.40 EPS. Exxon Mobil’s quarterly revenue was down 11.6% compared to the same quarter last year. As a group, sell-side analysts forecast that Exxon Mobil Co. will post 9.7 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Wednesday, February 14th were issued a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 3.14%. The ex-dividend date was Tuesday, February 13th. Exxon Mobil’s dividend payout ratio (DPR) is 42.74%.

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.