Stratos Investment Management LLC Buys 2,990 Shares of Exxon Mobil Co. (NYSE:XOM)

Stratos Investment Management LLC boosted its position in Exxon Mobil Co. (NYSE:XOM) by 10.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,132 shares of the oil and gas company’s stock after buying an additional 2,990 shares during the period. Stratos Investment Management LLC’s holdings in Exxon Mobil were worth $3,113,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. KB Financial Partners LLC bought a new position in shares of Exxon Mobil in the first quarter valued at $27,000. IMA Wealth Inc. raised its holdings in shares of Exxon Mobil by 720.0% in the 2nd quarter. IMA Wealth Inc. now owns 369 shares of the oil and gas company’s stock worth $40,000 after acquiring an additional 324 shares during the last quarter. FWL Investment Management LLC bought a new position in Exxon Mobil in the 4th quarter valued at about $43,000. DHJJ Financial Advisors Ltd. acquired a new position in Exxon Mobil during the 3rd quarter valued at about $49,000. Finally, Studio Investment Management LLC purchased a new stake in shares of Exxon Mobil in the fourth quarter worth approximately $49,000. 61.80% of the stock is owned by institutional investors and hedge funds.

Exxon Mobil Stock Performance

NYSE:XOM opened at $120.55 on Tuesday. The company has a market capitalization of $478.32 billion, a P/E ratio of 13.56, a P/E/G ratio of 4.31 and a beta of 0.96. The business has a fifty day simple moving average of $108.40 and a two-hundred day simple moving average of $106.00. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.48 and a quick ratio of 1.09. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $122.15.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, February 2nd. The oil and gas company reported $2.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.20 by $0.28. The business had revenue of $84.34 billion for the quarter, compared to analysts’ expectations of $90.03 billion. Exxon Mobil had a return on equity of 18.51% and a net margin of 10.45%. The firm’s quarterly revenue was down 11.6% compared to the same quarter last year. During the same period in the previous year, the business posted $3.40 EPS. On average, analysts expect that Exxon Mobil Co. will post 9.38 earnings per share for the current year.

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Wednesday, February 14th were issued a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.15%. The ex-dividend date was Tuesday, February 13th. Exxon Mobil’s payout ratio is currently 42.74%.

Insider Activity

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 transaction, the vice president now owns 30,189 shares in the company, valued at approximately $3,169,845. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.04% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. UBS Group cut their target price on Exxon Mobil from $133.00 to $132.00 and set a “buy” rating on the stock in a research report on Tuesday, January 23rd. Mizuho reaffirmed a “neutral” rating and set a $125.00 price objective on shares of Exxon Mobil in a report on Thursday, April 4th. TD Cowen increased their target price on shares of Exxon Mobil from $115.00 to $120.00 and gave the company a “buy” rating in a report on Monday, April 1st. Royal Bank of Canada restated a “sector perform” rating and set a $120.00 price target on shares of Exxon Mobil in a report on Monday, February 5th. Finally, Erste Group Bank reiterated a “hold” rating on shares of Exxon Mobil in a research note on Friday, December 22nd. Nine analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $129.82.

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.