Peak Financial Management Inc. Has $348,000 Position in Exxon Mobil Co. (NYSE:XOM)

Peak Financial Management Inc. increased its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 40.4% in the 4th quarter, HoldingsChannel.com reports. The firm owned 3,476 shares of the oil and gas company’s stock after buying an additional 1,000 shares during the quarter. Peak Financial Management Inc.’s holdings in Exxon Mobil were worth $348,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in XOM. KB Financial Partners LLC acquired a new stake in Exxon Mobil in the first quarter valued at approximately $27,000. IMA Wealth Inc. lifted its stake in Exxon Mobil by 720.0% in the second quarter. IMA Wealth Inc. now owns 369 shares of the oil and gas company’s stock valued at $40,000 after acquiring an additional 324 shares during the last quarter. FWL Investment Management LLC acquired a new stake in Exxon Mobil in the fourth quarter valued at approximately $43,000. Turim 21 Investimentos Ltda. lifted its stake in Exxon Mobil by 222.5% in the first quarter. Turim 21 Investimentos Ltda. now owns 574 shares of the oil and gas company’s stock valued at $47,000 after acquiring an additional 396 shares during the last quarter. Finally, DHJJ Financial Advisors Ltd. acquired a new stake in Exxon Mobil in the third quarter valued at approximately $49,000. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

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

Exxon Mobil Stock Up 1.1 %

Shares of NYSE XOM opened at $116.24 on Friday. The firm’s 50-day simple moving average is $105.34 and its 200 day simple moving average is $105.96. The company has a market cap of $461.22 billion, a price-to-earnings ratio of 13.08, a price-to-earnings-growth ratio of 4.21 and a beta of 0.96. The company has a quick ratio of 1.09, a current ratio of 1.48 and a debt-to-equity ratio of 0.18. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $120.70.

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

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 11th. Shareholders 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 dividend on an annualized basis and a yield of 3.27%. Exxon Mobil’s payout ratio is presently 42.74%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on XOM shares. UBS Group dropped their target price on shares of Exxon Mobil from $133.00 to $132.00 and set a “buy” rating on the stock in a research report on Tuesday, January 23rd. JPMorgan Chase & Co. lowered their price target on shares of Exxon Mobil from $134.00 to $127.00 and set an “overweight” rating on the stock in a report on Friday, December 8th. Erste Group Bank reissued a “hold” rating on shares of Exxon Mobil in a report on Friday, December 22nd. Redburn Atlantic raised shares of Exxon Mobil from a “neutral” rating to a “buy” rating and boosted their price target for the company from $116.00 to $119.00 in a report on Tuesday, January 9th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $120.00 price target on shares of Exxon Mobil in a report on Monday, February 5th. Nine equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $128.18.

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.