Alpha DNA Investment Management LLC Buys 8,489 Shares of Exxon Mobil Co. (NYSE:XOM)

Alpha DNA Investment Management LLC raised its stake in Exxon Mobil Co. (NYSE:XOM) by 62.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 22,168 shares of the oil and gas company’s stock after acquiring an additional 8,489 shares during the period. Exxon Mobil makes up 0.9% of Alpha DNA Investment Management LLC’s portfolio, making the stock its 11th largest holding. Alpha DNA Investment Management LLC’s holdings in Exxon Mobil were worth $2,385,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of XOM. Fairway Wealth LLC bought a new position in shares of Exxon Mobil during the 4th quarter valued at approximately $31,000. Keystone Financial Group Inc. purchased a new position in Exxon Mobil during the fourth quarter worth $36,000. Retirement Wealth Solutions LLC bought a new position in Exxon Mobil during the fourth quarter valued at $46,000. Compass Planning Associates Inc purchased a new stake in shares of Exxon Mobil in the fourth quarter valued at $47,000. Finally, Synergy Investment Management LLC bought a new stake in shares of Exxon Mobil in the 4th quarter worth about $47,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Insiders Place Their Bets

In other news, VP Darrin L. Talley sold 2,100 shares of the firm’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total value of $231,000.00. Following the completion of the transaction, the vice president now owns 18,087 shares in the company, valued at $1,989,570. This trade represents a 10.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.03% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have commented on XOM. Mizuho cut their price objective on Exxon Mobil from $131.00 to $129.00 and set a “neutral” rating on the stock in a research report on Thursday, April 3rd. Bernstein Bank upped their price target on shares of Exxon Mobil from $138.00 to $144.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Scotiabank decreased their price objective on shares of Exxon Mobil from $140.00 to $115.00 and set a “sector outperform” rating for the company in a report on Friday, April 11th. Morgan Stanley dropped their target price on shares of Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating on the stock in a research note on Thursday, March 27th. Finally, UBS Group reduced their target price on shares of Exxon Mobil from $135.00 to $131.00 and set a “buy” rating on the stock in a research report on Monday. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Exxon Mobil currently has an average rating of “Moderate Buy” and an average target price of $126.75.

Exxon Mobil Stock Up 2.5 %

XOM opened at $106.84 on Friday. The business has a 50 day moving average price of $109.92 and a two-hundred day moving average price of $112.90. Exxon Mobil Co. has a 52 week low of $97.80 and a 52 week high of $126.34. The company has a market cap of $462.12 billion, a PE ratio of 13.63, a P/E/G ratio of 3.02 and a beta of 0.61. The company has a quick ratio of 0.97, a current ratio of 1.31 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 EPS for the quarter, missing the consensus estimate 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 last year, the firm posted $2.48 earnings per share. As a group, research analysts anticipate that Exxon Mobil Co. will post 7.43 EPS for the current 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 given a dividend of $0.99 per share. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $3.96 annualized dividend and a dividend yield of 3.71%. Exxon Mobil’s payout ratio is currently 50.51%.

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.