Savvy Advisors Inc. Has $3.27 Million Position in Exxon Mobil Co. (NYSE:XOM)

Savvy Advisors Inc. boosted its position in shares of Exxon Mobil Co. (NYSE:XOM) by 6.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 30,378 shares of the oil and gas company’s stock after buying an additional 1,797 shares during the quarter. Savvy Advisors Inc.’s holdings in Exxon Mobil were worth $3,268,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Principal Financial Group Inc. grew its position in shares of Exxon Mobil by 8.4% during the 3rd quarter. Principal Financial Group Inc. now owns 6,709,202 shares of the oil and gas company’s stock worth $786,453,000 after buying an additional 521,932 shares during the period. McIlrath & Eck LLC boosted its stake in Exxon Mobil by 7.4% in the third quarter. McIlrath & Eck LLC now owns 5,603 shares of the oil and gas company’s stock valued at $657,000 after acquiring an additional 387 shares during the last quarter. Passumpsic Savings Bank raised its position in shares of Exxon Mobil by 50.5% during the 3rd quarter. Passumpsic Savings Bank now owns 3,619 shares of the oil and gas company’s stock valued at $424,000 after acquiring an additional 1,214 shares during the last quarter. Advisory Resource Group lifted its stake in shares of Exxon Mobil by 3.0% in the 3rd quarter. Advisory Resource Group now owns 43,700 shares of the oil and gas company’s stock valued at $5,123,000 after purchasing an additional 1,270 shares during the period. Finally, Diamant Asset Management Inc. boosted its position in shares of Exxon Mobil by 0.9% in the 3rd quarter. Diamant Asset Management Inc. now owns 12,949 shares of the oil and gas company’s stock worth $1,518,000 after purchasing an additional 120 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Price Performance

Shares of NYSE XOM opened at $103.05 on Friday. Exxon Mobil Co. has a fifty-two week low of $97.80 and a fifty-two week high of $126.34. The stock has a market capitalization of $445.70 billion, a price-to-earnings ratio of 13.14, a PEG ratio of 3.02 and a beta of 0.61. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. The business has a 50-day moving average of $110.33 and a 200-day moving average of $113.19.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results 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 return on equity of 12.92% and a net margin of 9.63%. During the same period last year, the business posted $2.48 EPS. As a group, sell-side analysts predict that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

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 $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 3.84%. The ex-dividend date of this dividend was Wednesday, February 12th. Exxon Mobil’s dividend payout ratio is currently 50.51%.

Insider Activity

In related news, VP Darrin L. Talley sold 2,100 shares of Exxon Mobil stock in a transaction dated 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 owns 18,087 shares in the company, valued at approximately $1,989,570. This trade represents a 10.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on XOM shares. BMO Capital Markets cut their target price 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. Barclays cut their price target on shares of Exxon Mobil from $137.00 to $135.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 18th. Bernstein Bank upped their target price on shares of Exxon Mobil from $138.00 to $144.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. UBS Group reduced their price target on shares of Exxon Mobil from $146.00 to $135.00 and set a “buy” rating on the stock in a research report on Monday, April 7th. Finally, Wells Fargo & Company lowered 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 report on Monday, February 3rd. One investment 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 stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $126.95.

Exxon Mobil 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.