Academy Capital Management Increases Holdings in Exxon Mobil Co. (NYSE:XOM)

Academy Capital Management boosted its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 29.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,333 shares of the oil and gas company’s stock after acquiring an additional 3,250 shares during the quarter. Exxon Mobil comprises 0.3% of Academy Capital Management’s holdings, making the stock its 22nd largest holding. Academy Capital Management’s holdings in Exxon Mobil were worth $1,542,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Souders Financial Advisors increased its stake in Exxon Mobil by 11.7% during the fourth quarter. Souders Financial Advisors now owns 4,851 shares of the oil and gas company’s stock worth $522,000 after acquiring an additional 509 shares during the last quarter. Triad Wealth Partners LLC acquired a new stake in Exxon Mobil during the fourth quarter worth $854,000. Glass Wealth Management Co LLC increased its stake in Exxon Mobil by 1.4% during the fourth quarter. Glass Wealth Management Co LLC now owns 67,927 shares of the oil and gas company’s stock worth $7,307,000 after acquiring an additional 940 shares during the last quarter. Victory Capital Management Inc. increased its stake in Exxon Mobil by 34.3% during the fourth quarter. Victory Capital Management Inc. now owns 4,013,510 shares of the oil and gas company’s stock worth $431,733,000 after acquiring an additional 1,025,997 shares during the last quarter. Finally, Jag Capital Management LLC increased its stake in Exxon Mobil by 8.7% during the fourth quarter. Jag Capital Management LLC now owns 1,944 shares of the oil and gas company’s stock worth $209,000 after acquiring an additional 156 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Insiders Place Their Bets

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

Exxon Mobil Trading Down 1.9 %

XOM opened at $105.51 on Thursday. The stock has a market capitalization of $457.82 billion, a price-to-earnings ratio of 13.46, a PEG ratio of 3.02 and a beta of 0.89. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. The business has a fifty day moving average price of $108.98 and a 200 day moving average price of $113.98. Exxon Mobil Co. has a 12 month low of $103.67 and a 12 month 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 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 in the previous year, the company earned $2.48 EPS. Sell-side analysts expect that Exxon Mobil Co. will post 7.43 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. Shareholders of record on Wednesday, February 12th will be issued a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 3.75%. The ex-dividend date of this dividend is Wednesday, February 12th. Exxon Mobil’s dividend payout ratio (DPR) is 50.51%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on XOM shares. Royal Bank of Canada reissued a “sector perform” rating and set a $115.00 target price on shares of Exxon Mobil in a research note on Monday, February 3rd. Mizuho dropped their price objective 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. Argus raised Exxon Mobil to a “strong-buy” rating in a research note on Tuesday, February 4th. HSBC dropped their price objective on Exxon Mobil from $125.00 to $123.00 and set a “hold” rating for the company in a research note on Friday, January 31st. Finally, Bernstein Bank lifted their price objective on Exxon Mobil from $138.00 to $144.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $129.25.

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.