Exxon Mobil Co. (NYSE:XOM) Holdings Raised by Deane Retirement Strategies Inc.

Deane Retirement Strategies Inc. lifted its position in Exxon Mobil Co. (NYSE:XOM) by 5.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 38,010 shares of the oil and gas company’s stock after buying an additional 1,902 shares during the quarter. Exxon Mobil comprises 2.1% of Deane Retirement Strategies Inc.’s investment portfolio, making the stock its 14th largest holding. Deane Retirement Strategies Inc.’s holdings in Exxon Mobil were worth $3,800,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Axiom Financial Strategies LLC grew its holdings in Exxon Mobil by 17.4% during the first quarter. Axiom Financial Strategies LLC now owns 7,909 shares of the oil and gas company’s stock valued at $680,000 after purchasing an additional 1,173 shares during the last quarter. Retirement Income Solutions Inc bought a new position in Exxon Mobil in the 1st quarter worth $275,000. Loomis Sayles & Co. L P lifted its position in Exxon Mobil by 318.8% during the 1st quarter. Loomis Sayles & Co. L P now owns 17,163 shares of the oil and gas company’s stock worth $1,417,000 after acquiring an additional 13,065 shares during the last quarter. Ergoteles LLC boosted its holdings in Exxon Mobil by 95.6% during the first quarter. Ergoteles LLC now owns 15,843 shares of the oil and gas company’s stock valued at $1,308,000 after acquiring an additional 7,744 shares during the period. Finally, Bridgefront Capital LLC acquired a new stake in shares of Exxon Mobil in the first quarter valued at about $237,000. 61.80% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

XOM has been the topic of a number of research analyst reports. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $120.00 target price on shares of Exxon Mobil in a report on Monday, February 5th. UBS Group cut their target price on Exxon Mobil from $133.00 to $132.00 and set a “buy” rating for the company in a research report on Tuesday, January 23rd. Redburn Atlantic raised shares of Exxon Mobil from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $116.00 to $119.00 in a research note on Tuesday, January 9th. Erste Group Bank reaffirmed a “hold” rating on shares of Exxon Mobil in a report on Friday, December 22nd. Finally, TD Cowen upgraded Exxon Mobil from a “market perform” rating to an “outperform” rating and set a $115.00 price objective on the stock in a research report on Tuesday, January 23rd. Nine research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $128.18.

Insider Activity at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,400 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $105.00, for a total value of $252,000.00. Following the sale, the vice president now directly owns 30,189 shares in the company, valued at approximately $3,169,845. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.06% of the stock is currently owned by insiders.

Exxon Mobil Stock Up 0.7 %

Shares of NYSE:XOM traded up $0.79 during trading on Thursday, hitting $115.76. 5,009,635 shares of the company were exchanged, compared to its average volume of 18,263,051. Exxon Mobil Co. has a fifty-two week low of $95.77 and a fifty-two week high of $120.70. The company has a current ratio of 1.48, a quick ratio of 1.09 and a debt-to-equity ratio of 0.18. The stock has a market cap of $459.32 billion, a price-to-earnings ratio of 12.99, a P/E/G ratio of 4.17 and a beta of 0.96. The firm has a fifty day moving average price of $104.98 and a two-hundred day moving average price of $105.89.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, February 2nd. The oil and gas company reported $2.48 earnings per share for the quarter, topping the consensus estimate of $2.20 by $0.28. Exxon Mobil had a return on equity of 18.51% and a net margin of 10.45%. The business had revenue of $84.34 billion during the quarter, compared to analysts’ expectations of $90.03 billion. During the same period last year, the firm posted $3.40 EPS. The firm’s revenue for the quarter was down 11.6% compared to the same quarter last year. As a group, research analysts anticipate that Exxon Mobil Co. will post 9.11 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Wednesday, February 14th were given a dividend of $0.95 per share. The ex-dividend date was Tuesday, February 13th. This represents a $3.80 annualized dividend and a dividend yield of 3.28%. Exxon Mobil’s dividend payout ratio is currently 42.74%.

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.