Deane Retirement Strategies Inc. Increases Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Deane Retirement Strategies Inc. lifted its stake in Exxon Mobil Co. (NYSE:XOM) by 5.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,010 shares of the oil and gas company’s stock after purchasing an additional 1,902 shares during the period. Exxon Mobil accounts for approximately 2.1% of Deane Retirement Strategies Inc.’s holdings, making the stock its 14th largest position. Deane Retirement Strategies Inc.’s holdings in Exxon Mobil were worth $3,800,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. KB Financial Partners LLC purchased a new stake in shares of Exxon Mobil in the first quarter worth $27,000. IMA Wealth Inc. raised its holdings in Exxon Mobil by 720.0% during the second quarter. IMA Wealth Inc. now owns 369 shares of the oil and gas company’s stock valued at $40,000 after acquiring an additional 324 shares during the period. FWL Investment Management LLC bought a new position in shares of Exxon Mobil in the fourth quarter worth about $43,000. Turim 21 Investimentos Ltda. grew its position in shares of Exxon Mobil by 222.5% during the first quarter. Turim 21 Investimentos Ltda. now owns 574 shares of the oil and gas company’s stock worth $47,000 after purchasing an additional 396 shares in the last quarter. Finally, DHJJ Financial Advisors Ltd. bought a new stake in Exxon Mobil during the 3rd quarter valued at approximately $49,000. 61.80% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Trading Up 0.7 %

Shares of NYSE XOM traded up $0.79 during mid-day trading on Thursday, reaching $115.76. The company had a trading volume of 5,009,635 shares, compared to its average volume of 18,263,051. The business’s 50-day moving average is $104.98 and its 200-day moving average is $105.89. The company has a current ratio of 1.48, a quick ratio of 1.09 and a debt-to-equity ratio of 0.18. Exxon Mobil Co. has a 52 week low of $95.77 and a 52 week high of $120.70. The stock has a market cap of $459.32 billion, a price-to-earnings ratio of 12.99, a price-to-earnings-growth ratio of 4.17 and a beta of 0.96.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, February 2nd. The oil and gas company reported $2.48 earnings per share for the quarter, topping analysts’ consensus estimates of $2.20 by $0.28. Exxon Mobil had a net margin of 10.45% and a return on equity of 18.51%. The company had revenue of $84.34 billion during the quarter, compared to analyst estimates of $90.03 billion. During the same period in the prior year, the firm earned $3.40 earnings per share. The firm’s revenue for the quarter was down 11.6% compared to the same quarter last year. Equities analysts expect that Exxon Mobil Co. will post 9.11 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Wednesday, February 14th were issued a $0.95 dividend. The ex-dividend date of this dividend was Tuesday, February 13th. This represents a $3.80 dividend on an annualized basis and a yield of 3.28%. Exxon Mobil’s dividend payout ratio is presently 42.74%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on XOM. JPMorgan Chase & Co. cut their price objective on shares of Exxon Mobil from $134.00 to $127.00 and set an “overweight” rating for the company in a report on Friday, December 8th. Mizuho lifted their price target on shares of Exxon Mobil from $119.00 to $125.00 and gave the company a “neutral” rating in a report on Tuesday, March 19th. Redburn Atlantic raised shares of Exxon Mobil from a “neutral” rating to a “buy” rating and increased their price objective for the company from $116.00 to $119.00 in a report on Tuesday, January 9th. Erste Group Bank reiterated a “hold” rating on shares of Exxon Mobil in a research report on Friday, December 22nd. Finally, UBS Group cut their target price on shares of Exxon Mobil from $133.00 to $132.00 and set a “buy” rating for the company in a report on Tuesday, January 23rd. Nine equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $128.18.

Insider Buying and Selling at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,400 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total value of $252,000.00. Following the completion of the sale, the vice president now owns 30,189 shares of the company’s stock, valued at $3,169,845. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.06% of the stock is owned by insiders.

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.