2,878 Shares in Exxon Mobil Co. (NYSE:XOM) Purchased by Turning Point Benefit Group Inc.

Turning Point Benefit Group Inc. bought a new stake in Exxon Mobil Co. (NYSE:XOM) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 2,878 shares of the oil and gas company’s stock, valued at approximately $315,000.

Several other hedge funds also recently modified their holdings of XOM. Keystone Financial Group Inc. acquired a new stake in Exxon Mobil during the fourth quarter worth approximately $36,000. Retirement Wealth Solutions LLC purchased a new position in shares of Exxon Mobil during the 4th quarter worth $46,000. Compass Planning Associates Inc acquired a new stake in shares of Exxon Mobil during the fourth quarter worth $47,000. Compass Financial Services Inc acquired a new stake in shares of Exxon Mobil during the fourth quarter worth $48,000. Finally, Peterson Financial Group Inc. acquired a new position in Exxon Mobil in the third quarter valued at $51,000. 61.80% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,100 shares of Exxon Mobil stock in a transaction that occurred 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 owns 18,087 shares of the company’s stock, valued at approximately $1,989,570. The trade was a 10.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.03% of the stock is currently owned by insiders.

Exxon Mobil Stock Up 0.4 %

NYSE:XOM opened at $111.18 on Tuesday. 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 50 day moving average of $108.65 and a 200-day moving average of $114.44. The firm has a market capitalization of $482.42 billion, a PE ratio of 14.18, a price-to-earnings-growth ratio of 3.02 and a beta of 0.89. Exxon Mobil Co. has a 52 week low of $103.05 and a 52 week high of $126.34.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 EPS 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 in the prior year, the company earned $2.48 EPS. Analysts predict that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Wednesday, February 12th will be issued a $0.99 dividend. The ex-dividend date is Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.56%. Exxon Mobil’s dividend payout ratio (DPR) is presently 50.51%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on XOM. Scotiabank cut their price objective on shares of Exxon Mobil from $145.00 to $140.00 in a report on Friday, January 31st. Argus raised shares of Exxon Mobil to a “strong-buy” rating in a research note on Tuesday, February 4th. Morgan Stanley boosted their price objective on shares of Exxon Mobil from $139.00 to $140.00 in a research note on Friday, January 31st. Bernstein Bank increased their target price on Exxon Mobil from $138.00 to $144.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Finally, BMO Capital Markets reduced their target price on Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating on the stock in a report on Friday, January 31st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Exxon Mobil presently has a consensus rating of “Moderate Buy” and an average target price of $129.25.

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.