Prudent Man Investment Management Inc. Buys New Position in Exxon Mobil Co. (NYSE:XOM)

Prudent Man Investment Management Inc. purchased a new stake in Exxon Mobil Co. (NYSE:XOM) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,642 shares of the oil and gas company’s stock, valued at approximately $177,000. Exxon Mobil comprises about 0.1% of Prudent Man Investment Management Inc.’s holdings, making the stock its 29th biggest holding.

Other large investors have also bought and sold shares of the company. West Oak Capital LLC increased its holdings in Exxon Mobil by 0.6% in the 4th quarter. West Oak Capital LLC now owns 16,207 shares of the oil and gas company’s stock worth $1,743,000 after buying an additional 92 shares during the period. Beacon Capital Management LLC increased its stake in shares of Exxon Mobil by 1.1% in the fourth quarter. Beacon Capital Management LLC now owns 8,582 shares of the oil and gas company’s stock worth $923,000 after acquiring an additional 93 shares during the period. Cadent Capital Advisors LLC raised its holdings in shares of Exxon Mobil by 0.3% during the fourth quarter. Cadent Capital Advisors LLC now owns 37,372 shares of the oil and gas company’s stock worth $4,020,000 after purchasing an additional 94 shares during the last quarter. Lincoln Capital LLC lifted its position in Exxon Mobil by 1.1% during the fourth quarter. Lincoln Capital LLC now owns 8,521 shares of the oil and gas company’s stock valued at $917,000 after purchasing an additional 94 shares during the period. Finally, Altus Wealth Group LLC boosted its holdings in Exxon Mobil by 0.9% in the fourth quarter. Altus Wealth Group LLC now owns 10,130 shares of the oil and gas company’s stock valued at $1,090,000 after purchasing an additional 94 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, VP Darrin L. Talley sold 2,100 shares of the company’s stock in a transaction dated 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 sale, the vice president now owns 18,087 shares of the company’s stock, valued at approximately $1,989,570. This represents a 10.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 0.03% of the company’s stock.

Exxon Mobil Stock Performance

NYSE:XOM opened at $117.66 on Monday. The company has a market cap of $510.53 billion, a P/E ratio of 15.01, a P/E/G ratio of 3.02 and a beta of 0.83. Exxon Mobil Co. has a twelve month low of $103.67 and a twelve month high of $126.34. The company’s 50-day moving average price is $110.73 and its 200-day moving average price is $113.74. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share for the quarter, missing analysts’ consensus estimates of $1.77 by ($0.10). Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. During the same quarter in the previous year, the business earned $2.48 earnings per share. On average, sell-side analysts forecast that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th were issued a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.37%. The ex-dividend date was Wednesday, February 12th. Exxon Mobil’s payout ratio is currently 50.51%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Argus raised Exxon Mobil to a “strong-buy” rating in a report on Tuesday, February 4th. Mizuho lowered their price objective on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating on the stock in a research report on Monday, December 16th. Barclays cut their target price on shares of Exxon Mobil from $137.00 to $135.00 and set an “overweight” rating for the company in a report on Tuesday, March 18th. Royal Bank of Canada restated a “sector perform” rating and set a $115.00 price target on shares of Exxon Mobil in a research report on Monday, February 3rd. Finally, TD Cowen decreased their price objective on shares of Exxon Mobil from $132.00 to $128.00 and set a “buy” rating for the company in a research report on Monday, December 16th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $129.05.

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.