Parallel Advisors LLC Raises Holdings in Exxon Mobil Co. (NYSE:XOM)

Parallel Advisors LLC increased its position in Exxon Mobil Co. (NYSE:XOM) by 0.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 72,667 shares of the oil and gas company’s stock after buying an additional 315 shares during the quarter. Parallel Advisors LLC’s holdings in Exxon Mobil were worth $7,817,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Fairway Wealth LLC purchased a new position in Exxon Mobil in the fourth quarter valued at about $31,000. Keystone Financial Group Inc. purchased a new position in Exxon Mobil in the fourth quarter valued at about $36,000. Retirement Wealth Solutions LLC purchased a new position in Exxon Mobil in the fourth quarter valued at about $46,000. Compass Planning Associates Inc purchased a new position in Exxon Mobil in the fourth quarter valued at about $47,000. Finally, Synergy Investment Management LLC purchased a new position in Exxon Mobil in the fourth quarter valued at about $47,000. 61.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have commented on XOM. The Goldman Sachs Group cut their price objective on Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. Bernstein Bank raised their price objective on Exxon Mobil from $138.00 to $144.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Mizuho lowered their target price on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating for the company in a research note on Monday, December 16th. Royal Bank of Canada restated a “sector perform” rating and set a $115.00 target price on shares of Exxon Mobil in a research note on Monday, February 3rd. Finally, Morgan Stanley lifted their price target on Exxon Mobil from $139.00 to $140.00 in a research note on Friday, January 31st. One research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Exxon Mobil has a consensus rating of “Moderate Buy” and a consensus target price of $129.25.

Exxon Mobil Stock Up 3.0 %

NYSE:XOM opened at $111.98 on Monday. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. The stock has a 50 day moving average of $109.34 and a 200-day moving average of $113.63. The firm has a market capitalization of $485.90 billion, a PE ratio of 14.28, a price-to-earnings-growth ratio of 3.02 and a beta of 0.83. Exxon Mobil Co. has a 52 week low of $103.67 and a 52 week high of $126.34.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.77 by ($0.10). Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. During the same period last year, the company earned $2.48 EPS. Analysts predict that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th were given a dividend of $0.99 per share. The ex-dividend date was Wednesday, February 12th. This represents a $3.96 annualized dividend and a dividend yield of 3.54%. Exxon Mobil’s dividend payout ratio is presently 50.51%.

Insider Transactions at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the company’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total value of $231,000.00. Following the completion of the sale, the vice president now directly owns 18,087 shares in the company, valued at $1,989,570. This represents a 10.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.03% of the company’s stock.

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.