Aveo Capital Partners LLC Increases Stock Position in Exxon Mobil Co. (NYSE:XOM)

Aveo Capital Partners LLC increased its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 7.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 28,520 shares of the oil and gas company’s stock after purchasing an additional 1,991 shares during the period. Aveo Capital Partners LLC’s holdings in Exxon Mobil were worth $3,068,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in XOM. CapWealth Advisors LLC boosted its position in Exxon Mobil by 0.8% in the fourth quarter. CapWealth Advisors LLC now owns 20,758 shares of the oil and gas company’s stock worth $2,233,000 after purchasing an additional 155 shares during the last quarter. Howard Wealth Management LLC lifted its stake in shares of Exxon Mobil by 3.6% in the 4th quarter. Howard Wealth Management LLC now owns 4,353 shares of the oil and gas company’s stock worth $468,000 after purchasing an additional 153 shares during the period. Scarborough Advisors LLC lifted its stake in shares of Exxon Mobil by 17.2% in the 4th quarter. Scarborough Advisors LLC now owns 2,172 shares of the oil and gas company’s stock worth $234,000 after purchasing an additional 318 shares during the period. BXM Wealth LLC bought a new stake in Exxon Mobil during the fourth quarter valued at approximately $445,000. Finally, Nations Financial Group Inc. IA ADV grew its position in Exxon Mobil by 0.8% during the fourth quarter. Nations Financial Group Inc. IA ADV now owns 119,426 shares of the oil and gas company’s stock valued at $12,847,000 after buying an additional 951 shares during the period. Institutional investors own 61.80% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. TD Cowen dropped their price target on shares of Exxon Mobil from $132.00 to $128.00 and set a “buy” rating on the stock in a research note on Monday, December 16th. HSBC cut their price target on Exxon Mobil from $125.00 to $123.00 and set a “hold” rating for the company in a report on Friday, January 31st. UBS Group decreased their price objective on Exxon Mobil from $149.00 to $147.00 and set a “buy” rating on the stock in a research note on Thursday, December 12th. The Goldman Sachs Group cut their price objective on Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. Finally, Mizuho decreased their target price on shares of Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating on the stock in a research note on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $129.25.

Insider Activity at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,100 shares of the business’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total value of $231,000.00. Following the sale, the vice president now directly owns 18,087 shares in the company, valued at $1,989,570. The trade was a 10.40 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.03% of the stock is owned by insiders.

Exxon Mobil Stock Up 0.0 %

XOM opened at $108.17 on Tuesday. The company has a market capitalization of $475.42 billion, a PE ratio of 13.80, a price-to-earnings-growth ratio of 2.94 and a beta of 0.89. The firm has a 50-day simple moving average of $108.78 and a two-hundred day simple moving average of $114.67. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. Exxon Mobil Co. has a 52 week low of $100.60 and a 52 week high of $126.34.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 EPS for the quarter, missing analysts’ consensus estimates of $1.77 by ($0.10). Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. During the same period in the prior year, the business earned $2.48 EPS. Analysts forecast that Exxon Mobil Co. will post 7.37 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, March 10th. Investors of record on Wednesday, February 12th will be given a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.66%. The ex-dividend date is Wednesday, February 12th. Exxon Mobil’s dividend payout ratio is presently 50.51%.

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.