Exxon Mobil Co. (NYSE:XOM) Shares Purchased by Sand Hill Global Advisors LLC

Sand Hill Global Advisors LLC lifted its stake in Exxon Mobil Co. (NYSE:XOM) by 91.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 11,108 shares of the oil and gas company’s stock after purchasing an additional 5,317 shares during the quarter. Sand Hill Global Advisors LLC’s holdings in Exxon Mobil were worth $1,111,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in XOM. Partnership Wealth Management LLC acquired a new stake in shares of Exxon Mobil in the fourth quarter valued at approximately $46,000. Keener Financial Planning LLC acquired a new stake in shares of Exxon Mobil in the fourth quarter valued at approximately $80,000. Orion Capital Management LLC acquired a new stake in shares of Exxon Mobil in the third quarter valued at approximately $91,000. Authentikos Wealth Advisory LLC acquired a new stake in shares of Exxon Mobil in the third quarter valued at approximately $92,000. Finally, TFO Wealth Partners LLC increased its stake in Exxon Mobil by 118.5% during the third quarter. TFO Wealth Partners LLC now owns 968 shares of the oil and gas company’s stock worth $104,000 after acquiring an additional 525 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Stock Down 2.1 %

NYSE:XOM traded down $2.42 during midday trading on Wednesday, reaching $115.43. The company had a trading volume of 17,868,738 shares, compared to its average volume of 18,484,779. The firm has a market capitalization of $455.14 billion, a price-to-earnings ratio of 14.21, a PEG ratio of 4.13 and a beta of 0.96. The stock’s fifty day simple moving average is $117.48 and its 200-day simple moving average is $107.71. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $123.75. The company has a current ratio of 1.38, a quick ratio of 1.06 and a debt-to-equity ratio of 0.15.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, April 26th. The oil and gas company reported $2.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.19 by ($0.13). The company had revenue of $83.08 billion during the quarter, compared to analysts’ expectations of $79.69 billion. Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The company’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same quarter last year, the business posted $2.83 earnings per share. On average, sell-side analysts anticipate that Exxon Mobil Co. will post 9.57 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th will be issued a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a yield of 3.29%. The ex-dividend date of this dividend is Tuesday, May 14th. Exxon Mobil’s dividend payout ratio (DPR) is 46.57%.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 2,426 shares of Exxon Mobil stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $119.01, for a total transaction of $288,718.26. Following the completion of the sale, the vice president now directly owns 25,363 shares of the company’s stock, valued at approximately $3,018,450.63. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, VP Darrin L. Talley sold 2,400 shares of Exxon Mobil stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total transaction of $252,000.00. Following the sale, the vice president now owns 30,189 shares in the company, valued at $3,169,845. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Darrin L. Talley sold 2,426 shares of Exxon Mobil stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $119.01, for a total value of $288,718.26. Following the sale, the vice president now owns 25,363 shares in the company, valued at approximately $3,018,450.63. The disclosure for this sale can be found here. 0.03% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have issued reports on XOM shares. Barclays started coverage on Exxon Mobil in a research note on Wednesday, April 10th. They set an “overweight” rating and a $147.00 target price for the company. HSBC raised their target price on Exxon Mobil from $111.00 to $120.00 and gave the stock a “hold” rating in a research note on Tuesday, April 30th. Scotiabank raised their target price on Exxon Mobil from $114.00 to $129.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 11th. Morgan Stanley reissued an “overweight” rating and set a $145.00 target price on shares of Exxon Mobil in a research note on Wednesday, May 15th. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $120.00 target price on shares of Exxon Mobil in a research note on Monday, February 5th. Eight analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $135.00.

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.