Syverson Strege & Co Acquires 647 Shares of Exxon Mobil Co. (NYSE:XOM)

Syverson Strege & Co boosted its holdings in Exxon Mobil Co. (NYSE:XOM) by 16.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,686 shares of the oil and gas company’s stock after purchasing an additional 647 shares during the quarter. Syverson Strege & Co’s holdings in Exxon Mobil were worth $504,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. First American Trust FSB raised its holdings in shares of Exxon Mobil by 4.9% during the fourth quarter. First American Trust FSB now owns 12,190 shares of the oil and gas company’s stock valued at $1,311,000 after purchasing an additional 566 shares during the period. Heritage Wealth Management Inc. CA increased its position in Exxon Mobil by 18.5% in the 4th quarter. Heritage Wealth Management Inc. CA now owns 3,973 shares of the oil and gas company’s stock valued at $427,000 after buying an additional 619 shares in the last quarter. Zions Bancorporation N.A. boosted its holdings in Exxon Mobil by 155.7% in the fourth quarter. Zions Bancorporation N.A. now owns 48,804 shares of the oil and gas company’s stock worth $5,250,000 after acquiring an additional 29,721 shares in the last quarter. Teachers Insurance & Annuity Association of America grew its stake in Exxon Mobil by 1,912.8% in the fourth quarter. Teachers Insurance & Annuity Association of America now owns 116,037 shares of the oil and gas company’s stock valued at $12,482,000 after acquiring an additional 110,272 shares during the period. Finally, TIAA Trust National Association increased its holdings in shares of Exxon Mobil by 1.1% during the fourth quarter. TIAA Trust National Association now owns 525,961 shares of the oil and gas company’s stock valued at $56,574,000 after acquiring an additional 5,646 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Trading Up 0.3 %

Shares of XOM opened at $115.81 on Tuesday. The firm has a market cap of $502.52 billion, a P/E ratio of 14.77, a price-to-earnings-growth ratio of 3.02 and a beta of 0.83. Exxon Mobil Co. has a fifty-two week low of $103.67 and a fifty-two week high of $126.34. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. The business has a 50-day moving average of $110.22 and a 200 day moving average of $113.58.

Exxon Mobil (NYSE:XOM) last posted its quarterly 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 in the prior year, the business posted $2.48 earnings per share. As a group, research analysts forecast that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th were issued a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.42%. The ex-dividend date was Wednesday, February 12th. Exxon Mobil’s payout ratio is currently 50.51%.

Insider Activity

In other news, VP Darrin L. Talley sold 2,100 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the vice president now directly owns 18,087 shares in the company, 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.03% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms recently issued reports on XOM. Argus raised shares of Exxon Mobil to a “strong-buy” rating in a research report on Tuesday, February 4th. Bernstein Bank boosted their target price on shares of Exxon Mobil from $138.00 to $144.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Barclays dropped their price target on shares of Exxon Mobil from $137.00 to $135.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 18th. HSBC decreased their price objective on Exxon Mobil from $125.00 to $123.00 and set a “hold” rating for the company in a report on Friday, January 31st. Finally, Morgan Stanley raised their target price on Exxon Mobil from $139.00 to $140.00 in a report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $129.15.

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.