Tortoise Investment Management LLC Purchases 115 Shares of Exxon Mobil Co. (NYSE:XOM)

Tortoise Investment Management LLC boosted its position in shares of Exxon Mobil Co. (NYSE:XOM) by 2.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,214 shares of the oil and gas company’s stock after purchasing an additional 115 shares during the period. Tortoise Investment Management LLC’s holdings in Exxon Mobil were worth $453,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in XOM. Independent Advisor Alliance grew its stake in Exxon Mobil by 8.4% in the 4th quarter. Independent Advisor Alliance now owns 325,205 shares of the oil and gas company’s stock worth $34,982,000 after acquiring an additional 25,331 shares in the last quarter. Paragon Private Wealth Management LLC grew its stake in Exxon Mobil by 14.4% in the 4th quarter. Paragon Private Wealth Management LLC now owns 10,013 shares of the oil and gas company’s stock worth $1,077,000 after acquiring an additional 1,262 shares in the last quarter. Meriwether Wealth & Planning LLC bought a new position in Exxon Mobil in the 4th quarter worth about $2,257,000. Gallagher Capital Advisors LLC bought a new position in Exxon Mobil in the 4th quarter worth about $502,000. Finally, Objectivity Squared LLC grew its stake in Exxon Mobil by 0.8% in the 4th quarter. Objectivity Squared LLC now owns 16,545 shares of the oil and gas company’s stock worth $1,763,000 after acquiring an additional 126 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Stock Up 2.6 %

XOM stock opened at $111.85 on Tuesday. The firm’s fifty day moving average is $109.17 and its 200 day moving average is $113.85. Exxon Mobil Co. has a one year low of $103.67 and a one year high of $126.34. The firm has a market cap of $485.33 billion, a PE ratio of 14.27, a P/E/G ratio of 3.02 and a beta of 0.83. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31.

Exxon Mobil (NYSE:XOM) last announced its earnings results 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 net margin of 9.63% and a return on equity of 12.92%. During the same quarter last year, the business posted $2.48 earnings per share. On average, research analysts forecast that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

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

Wall Street Analyst Weigh In

XOM has been the topic of a number of recent research reports. Argus upgraded shares of Exxon Mobil to a “strong-buy” rating in a research note on Tuesday, February 4th. Royal Bank of Canada reiterated a “sector perform” rating and set a $115.00 price objective on shares of Exxon Mobil in a research note on Monday, February 3rd. TD Cowen dropped their price objective 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. The Goldman Sachs Group dropped their price objective on shares of Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. Finally, HSBC dropped their price objective on shares of Exxon Mobil from $125.00 to $123.00 and set a “hold” rating on the stock in a research note on Friday, January 31st. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, Exxon Mobil currently has a consensus rating of “Moderate Buy” and a consensus price target of $129.25.

Insider Activity

In other news, VP Darrin L. Talley sold 2,100 shares of the firm’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 transaction, the vice president now directly owns 18,087 shares of the company’s stock, valued at approximately $1,989,570. This trade represents a 10.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.03% of the company’s stock.

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.