Curio Wealth LLC Invests $70,000 in Exxon Mobil Co. (NYSE:XOM)

Curio Wealth LLC bought a new position in Exxon Mobil Co. (NYSE:XOM) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 648 shares of the oil and gas company’s stock, valued at approximately $70,000.

Several other hedge funds also recently made changes to their positions in XOM. 1ST Source Bank grew its stake in Exxon Mobil by 1.6% during the 4th quarter. 1ST Source Bank now owns 61,119 shares of the oil and gas company’s stock worth $6,575,000 after buying an additional 958 shares during the last quarter. Cassady Schiller Wealth Management LLC grew its stake in Exxon Mobil by 1.3% during the 4th quarter. Cassady Schiller Wealth Management LLC now owns 10,456 shares of the oil and gas company’s stock worth $1,125,000 after buying an additional 130 shares during the last quarter. TCTC Holdings LLC grew its stake in Exxon Mobil by 0.4% during the 4th quarter. TCTC Holdings LLC now owns 68,426 shares of the oil and gas company’s stock worth $7,361,000 after buying an additional 296 shares during the last quarter. Parallel Advisors LLC boosted its position in Exxon Mobil by 0.4% during the 4th quarter. Parallel Advisors LLC now owns 72,667 shares of the oil and gas company’s stock worth $7,817,000 after acquiring an additional 315 shares during the period. Finally, Cibc World Markets Corp boosted its position in Exxon Mobil by 80.9% during the 4th quarter. Cibc World Markets Corp now owns 1,095,621 shares of the oil and gas company’s stock worth $117,856,000 after acquiring an additional 490,124 shares during the period. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Stock Up 3.0 %

NYSE:XOM opened at $111.98 on Monday. The firm has a market capitalization of $485.90 billion, a price-to-earnings ratio of 14.28, a PEG ratio of 3.02 and a beta of 0.83. Exxon Mobil Co. has a 1-year low of $103.67 and a 1-year high of $126.34. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. The business’s fifty day moving average price is $109.34 and its 200 day moving average price is $113.63.

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 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 period last year, the business earned $2.48 EPS. On average, sell-side analysts forecast that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Wednesday, February 12th were given a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.54%. The ex-dividend date was Wednesday, February 12th. Exxon Mobil’s payout ratio is 50.51%.

Insider Activity at Exxon Mobil

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

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on XOM shares. BMO Capital Markets reduced their price target on Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating for the company in a research report on Friday, January 31st. Royal Bank of Canada reiterated a “sector perform” rating and set a $115.00 price target on shares of Exxon Mobil in a research report on Monday, February 3rd. Argus upgraded Exxon Mobil to a “strong-buy” rating in a report on Tuesday, February 4th. Wells Fargo & Company cut their price objective on Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating for the company in a report on Monday, February 3rd. Finally, HSBC cut 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. One analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $129.25.

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.