Alpha DNA Investment Management LLC purchased a new stake in shares of Exxon Mobil Co. (NYSE:XOM) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 1,676 shares of the oil and gas company’s stock, valued at approximately $69,000.
Other institutional investors have also recently added to or reduced their stakes in the company. Horan Securities Inc. grew its stake in shares of Exxon Mobil by 110.6% during the 4th quarter. Horan Securities Inc. now owns 596 shares of the oil and gas company’s stock valued at $25,000 after purchasing an additional 313 shares during the period. Clark Financial Advisors bought a new position in shares of Exxon Mobil during the 4th quarter valued at approximately $28,000. Mach 1 Financial Group Inc. bought a new position in shares of Exxon Mobil during the 4th quarter valued at approximately $29,000. Bellwether Advisors LLC bought a new position in shares of Exxon Mobil during the 4th quarter valued at approximately $32,000. Finally, Simon Quick Advisors LLC grew its stake in shares of Exxon Mobil by 2,412.5% during the 4th quarter. Simon Quick Advisors LLC now owns 1,005 shares of the oil and gas company’s stock valued at $41,000 after acquiring an additional 965 shares during the period. Institutional investors and hedge funds own 50.90% of the company’s stock.
Shares of XOM stock opened at $56.59 on Thursday. Exxon Mobil Co. has a 1-year low of $31.11 and a 1-year high of $62.55. The stock’s 50-day moving average is $57.07 and its 200 day moving average is $44.53. The company has a market cap of $239.58 billion, a P/E ratio of 33.68 and a beta of 1.31. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.93 and a quick ratio of 0.58.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 10th. Shareholders of record on Wednesday, February 10th were paid a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a yield of 6.15%. The ex-dividend date was Tuesday, February 9th. Exxon Mobil’s dividend payout ratio (DPR) is presently 154.67%.
In other Exxon Mobil news, Director Michael J. Angelakis purchased 25,000 shares of the firm’s stock in a transaction on Monday, March 1st. The stock was bought at an average cost of $57.16 per share, for a total transaction of $1,429,000.00. Following the completion of the purchase, the director now owns 8,000 shares in the company, valued at approximately $457,280. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.05% of the company’s stock.
A number of research analysts recently issued reports on the company. Exane BNP Paribas upgraded Exxon Mobil from an “underperform” rating to a “neutral” rating and set a $45.50 price objective for the company in a research note on Monday, February 8th. JPMorgan Chase & Co. reiterated a “buy” rating and set a $56.00 price objective on shares of Exxon Mobil in a research note on Wednesday, February 3rd. MKM Partners boosted their price objective on Exxon Mobil from $56.00 to $60.00 in a research note on Thursday, March 4th. Evercore ISI assumed coverage on Exxon Mobil in a report on Tuesday, February 23rd. They issued an “inline” rating and a $48.00 price target on the stock. Finally, Jefferies Financial Group assumed coverage on Exxon Mobil in a report on Thursday, January 21st. They set an “underperform” rating and a $39.00 price target on the stock. Four analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eight have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $52.67.
Exxon Mobil Profile
Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States and internationally. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, natural gas, petroleum products, petrochemicals, and other specialty products; and manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.
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