IFG Advisory LLC Purchases 555 Shares of Exxon Mobil Co. (NYSE:XOM)

IFG Advisory LLC grew its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 1.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 48,119 shares of the oil and gas company’s stock after buying an additional 555 shares during the period. IFG Advisory LLC’s holdings in Exxon Mobil were worth $4,811,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of XOM. Axiom Financial Strategies LLC increased its position in shares of Exxon Mobil by 17.4% in the first quarter. Axiom Financial Strategies LLC now owns 7,909 shares of the oil and gas company’s stock worth $680,000 after purchasing an additional 1,173 shares during the last quarter. Retirement Income Solutions Inc purchased a new stake in shares of Exxon Mobil during the first quarter valued at approximately $275,000. Loomis Sayles & Co. L P lifted its stake in Exxon Mobil by 318.8% in the first 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 period. Ergoteles LLC lifted its stake in Exxon Mobil by 95.6% in the first quarter. Ergoteles LLC now owns 15,843 shares of the oil and gas company’s stock worth $1,308,000 after acquiring an additional 7,744 shares during the period. Finally, Bridgefront Capital LLC purchased a new stake in Exxon Mobil in the first quarter worth $237,000. 61.80% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently commented on XOM. JPMorgan Chase & Co. dropped their price target on Exxon Mobil from $134.00 to $127.00 and set an “overweight” rating for the company in a research note on Friday, December 8th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $120.00 price objective on shares of Exxon Mobil in a report on Monday, February 5th. Redburn Atlantic upgraded Exxon Mobil from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $116.00 to $119.00 in a report on Tuesday, January 9th. TD Cowen upgraded Exxon Mobil from a “market perform” rating to an “outperform” rating and set a $115.00 price objective for the company in a report on Tuesday, January 23rd. Finally, UBS Group decreased their price objective on Exxon Mobil from $133.00 to $132.00 and set a “buy” rating for the company in a report on Tuesday, January 23rd. Nine equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Exxon Mobil currently has an average rating of “Moderate Buy” and an average target price of $128.18.

Exxon Mobil Trading Up 1.1 %

Shares of NYSE:XOM opened at $115.05 on Thursday. The stock has a market capitalization of $456.50 billion, a price-to-earnings ratio of 12.94, a PEG ratio of 4.17 and a beta of 0.96. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.09 and a current ratio of 1.48. The stock’s 50-day simple moving average is $104.98 and its two-hundred day simple moving average is $105.89. Exxon Mobil Co. has a 52-week low of $95.77 and a 52-week high of $120.70.

Exxon Mobil (NYSE:XOM) last announced its 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 analysts’ expectations of $90.03 billion. Exxon Mobil had a return on equity of 18.51% and a net margin of 10.45%. The business’s revenue for the quarter was down 11.6% on a year-over-year basis. During the same period last year, the firm posted $3.40 earnings per share. Analysts expect that Exxon Mobil Co. will post 9.11 EPS for the current year.

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Wednesday, February 14th were given a $0.95 dividend. The ex-dividend date of this dividend was Tuesday, February 13th. This represents a $3.80 annualized dividend and a yield of 3.30%. Exxon Mobil’s payout ratio is 42.74%.

Insiders Place Their Bets

In other news, VP Darrin L. Talley sold 2,400 shares of Exxon Mobil stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total transaction of $252,000.00. Following the transaction, the vice president now directly owns 30,189 shares of the company’s stock, valued at approximately $3,169,845. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.06% of the company’s stock.

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.