Peak Financial Management Inc. Grows Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Peak Financial Management Inc. grew its holdings in Exxon Mobil Co. (NYSE:XOM) by 40.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,476 shares of the oil and gas company’s stock after purchasing an additional 1,000 shares during the quarter. Peak Financial Management Inc.’s holdings in Exxon Mobil were worth $348,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Axiom Financial Strategies LLC increased its holdings in Exxon Mobil by 17.4% in the 1st quarter. Axiom Financial Strategies LLC now owns 7,909 shares of the oil and gas company’s stock valued at $680,000 after purchasing an additional 1,173 shares during the last quarter. Retirement Income Solutions Inc acquired a new position in shares of Exxon Mobil in the first quarter worth $275,000. Loomis Sayles & Co. L P grew its stake in shares of Exxon Mobil by 318.8% in the first quarter. Loomis Sayles & Co. L P now owns 17,163 shares of the oil and gas company’s stock worth $1,417,000 after acquiring an additional 13,065 shares in the last quarter. Ergoteles LLC grew its stake in shares of Exxon Mobil by 95.6% in the first quarter. Ergoteles LLC now owns 15,843 shares of the oil and gas company’s stock worth $1,308,000 after acquiring an additional 7,744 shares in the last quarter. Finally, Bridgefront Capital LLC acquired a new position in shares of Exxon Mobil in the first quarter worth $237,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Price Performance

Shares of NYSE:XOM opened at $116.24 on Friday. The company has a 50-day simple moving average of $105.34 and a 200-day simple moving average of $105.96. Exxon Mobil Co. has a one year low of $95.77 and a one year high of $120.70. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.09 and a current ratio of 1.48. The stock has a market capitalization of $461.22 billion, a price-to-earnings ratio of 13.08, a PEG ratio of 4.21 and a beta of 0.96.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, February 2nd. The oil and gas company reported $2.48 EPS for the quarter, beating 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 business had revenue of $84.34 billion during the quarter, compared to analysts’ expectations of $90.03 billion. During the same period in the prior year, the company earned $3.40 earnings per share. The business’s revenue was down 11.6% compared to the same quarter last year. On average, analysts predict that Exxon Mobil Co. will post 9.11 EPS for the current year.

Exxon Mobil Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Wednesday, February 14th were paid a dividend of $0.95 per share. The ex-dividend date of this dividend was Tuesday, February 13th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.27%. Exxon Mobil’s dividend payout ratio (DPR) is 42.74%.

Insider Transactions at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,400 shares of the business’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $105.00, for a total transaction of $252,000.00. Following the transaction, the vice president now directly owns 30,189 shares in the company, valued at $3,169,845. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on XOM shares. Royal Bank of Canada restated a “sector perform” rating and issued a $120.00 price target on shares of Exxon Mobil in a research note on Monday, February 5th. TD Cowen raised shares of Exxon Mobil from a “market perform” rating to an “outperform” rating and set a $115.00 price objective for the company in a research report on Tuesday, January 23rd. UBS Group decreased their price objective on shares of Exxon Mobil from $133.00 to $132.00 and set a “buy” rating for the company in a research report on Tuesday, January 23rd. JPMorgan Chase & Co. decreased their price objective on shares of Exxon Mobil from $134.00 to $127.00 and set an “overweight” rating for the company in a research report on Friday, December 8th. Finally, Erste Group Bank reaffirmed a “hold” rating on shares of Exxon Mobil in a research report on Friday, December 22nd. Nine analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $128.18.

About Exxon Mobil

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.