Hughes Financial Services LLC Invests $451,000 in Exxon Mobil Co. (NYSE:XOM)

Hughes Financial Services LLC bought a new position in shares of Exxon Mobil Co. (NYSE:XOM) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 4,196 shares of the oil and gas company’s stock, valued at approximately $451,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in XOM. Midwest Professional Planners LTD. boosted its position in shares of Exxon Mobil by 2.4% during the fourth quarter. Midwest Professional Planners LTD. now owns 13,058 shares of the oil and gas company’s stock worth $1,405,000 after buying an additional 311 shares during the period. Analyst IMS Investment Management Services Ltd. boosted its position in shares of Exxon Mobil by 16.9% during the fourth quarter. Analyst IMS Investment Management Services Ltd. now owns 8,243 shares of the oil and gas company’s stock worth $887,000 after buying an additional 1,193 shares during the period. Wellington Shields Capital Management LLC boosted its position in shares of Exxon Mobil by 103.0% during the fourth quarter. Wellington Shields Capital Management LLC now owns 269,749 shares of the oil and gas company’s stock worth $29,017,000 after buying an additional 136,879 shares during the period. Renasant Bank boosted its position in shares of Exxon Mobil by 5.0% during the fourth quarter. Renasant Bank now owns 10,369 shares of the oil and gas company’s stock worth $1,115,000 after buying an additional 493 shares during the period. Finally, King Wealth Management Group boosted its position in shares of Exxon Mobil by 2.7% during the fourth quarter. King Wealth Management Group now owns 31,130 shares of the oil and gas company’s stock worth $3,349,000 after buying an additional 809 shares during the period. 61.80% of the stock is currently owned by institutional investors.

Insider Activity

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of Exxon Mobil stock in a transaction on 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 approximately $1,989,570. The trade was a 10.40 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.03% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on XOM shares. JPMorgan Chase & Co. dropped their target price on Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating on the stock in a report on Monday, December 16th. Argus upgraded Exxon Mobil to a “strong-buy” rating in a report on Tuesday, February 4th. Royal Bank of Canada reiterated a “sector perform” rating and set a $115.00 target price on shares of Exxon Mobil in a report on Monday, February 3rd. Bernstein Bank upped their target price on Exxon Mobil from $138.00 to $144.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Finally, UBS Group dropped their target price on Exxon Mobil from $149.00 to $147.00 and set a “buy” rating on the stock in a report on Thursday, December 12th. One investment 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’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $129.25.

Exxon Mobil Trading Down 0.5 %

NYSE:XOM opened at $108.58 on Friday. The company’s 50 day moving average price is $109.26 and its 200-day moving average price is $113.73. Exxon Mobil Co. has a 52 week low of $103.67 and a 52 week high of $126.34. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. The stock has a market cap of $471.14 billion, a price-to-earnings ratio of 13.85, a PEG ratio of 3.02 and a beta of 0.83.

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

Exxon Mobil Announces Dividend

The company 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 of this dividend was Wednesday, February 12th. This represents a $3.96 annualized dividend and a dividend yield of 3.65%. Exxon Mobil’s payout ratio is 50.51%.

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.