Spectrum Asset Management Inc. NB CA Increases Stock Position in Exxon Mobil Co. (NYSE:XOM)

Spectrum Asset Management Inc. NB CA boosted its holdings in Exxon Mobil Co. (NYSE:XOM) by 1.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,333 shares of the oil and gas company’s stock after buying an additional 339 shares during the period. Exxon Mobil makes up 1.5% of Spectrum Asset Management Inc. NB CA’s investment portfolio, making the stock its 27th biggest holding. Spectrum Asset Management Inc. NB CA’s holdings in Exxon Mobil were worth $3,263,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. American Financial & Tax Strategies Inc. boosted its holdings in Exxon Mobil by 2.9% in the 4th quarter. American Financial & Tax Strategies Inc. now owns 4,175 shares of the oil and gas company’s stock valued at $449,000 after purchasing an additional 116 shares during the period. Strategic Financial Concepts LLC raised its position in shares of Exxon Mobil by 11,131.0% in the fourth quarter. Strategic Financial Concepts LLC now owns 1,792,811 shares of the oil and gas company’s stock worth $192,853,000 after buying an additional 1,776,848 shares in the last quarter. Ledyard National Bank boosted its stake in Exxon Mobil by 0.4% during the fourth quarter. Ledyard National Bank now owns 41,140 shares of the oil and gas company’s stock valued at $4,425,000 after buying an additional 150 shares during the period. Leo Wealth LLC grew its position in Exxon Mobil by 4.8% during the fourth quarter. Leo Wealth LLC now owns 42,207 shares of the oil and gas company’s stock worth $4,540,000 after buying an additional 1,932 shares in the last quarter. Finally, 1900 Wealth Management LLC increased its stake in Exxon Mobil by 17.9% in the 4th quarter. 1900 Wealth Management LLC now owns 34,444 shares of the oil and gas company’s stock worth $3,705,000 after acquiring an additional 5,228 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Price Performance

XOM stock opened at $110.98 on Tuesday. 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 firm’s 50-day moving average price is $109.41 and its two-hundred day moving average price is $114.97. The stock has a market capitalization of $487.75 billion, a price-to-earnings ratio of 14.15, a PEG ratio of 2.94 and a beta of 0.89. Exxon Mobil Co. has a 12-month low of $100.42 and a 12-month high of $126.34.

Exxon Mobil (NYSE:XOM) last released 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 posted $2.48 EPS. As a group, equities analysts predict that Exxon Mobil Co. will post 7.37 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Wednesday, February 12th will be issued a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.57%. The ex-dividend date of this dividend is Wednesday, February 12th. Exxon Mobil’s dividend payout ratio (DPR) is currently 50.51%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Wolfe Research boosted their price objective on Exxon Mobil from $137.00 to $138.00 in a report on Thursday, October 31st. Morgan Stanley increased their price target on shares of Exxon Mobil from $139.00 to $140.00 in a report on Friday, January 31st. HSBC dropped their price objective on shares of Exxon Mobil from $125.00 to $123.00 and set a “hold” rating for the company in a report on Friday, January 31st. Royal Bank of Canada restated a “sector perform” rating and set a $115.00 price target on shares of Exxon Mobil in a research report on Monday, February 3rd. Finally, Scotiabank cut their price objective on Exxon Mobil from $145.00 to $140.00 in a report on Friday, January 31st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Exxon Mobil currently has a consensus rating of “Moderate Buy” and an average target price of $129.25.

Insider Buying and Selling at Exxon Mobil

In related 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 transaction of $231,000.00. Following the transaction, the vice president now owns 18,087 shares in the company, valued at $1,989,570. The trade was a 10.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.03% of the company’s stock.

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.