Connors Investor Services Inc. Has $1.23 Million Position in Exxon Mobil Co. (NYSE:XOM)

Connors Investor Services Inc. raised its holdings in Exxon Mobil Co. (NYSE:XOM) by 15.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,397 shares of the oil and gas company’s stock after buying an additional 1,500 shares during the period. Connors Investor Services Inc.’s holdings in Exxon Mobil were worth $1,226,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Fairway Wealth LLC purchased a new stake in shares of Exxon Mobil during the fourth quarter valued at approximately $31,000. Keystone Financial Group Inc. purchased a new position in shares of Exxon Mobil in the 4th quarter worth about $36,000. Retirement Wealth Solutions LLC bought a new position in shares of Exxon Mobil during the 4th quarter valued at approximately $46,000. Compass Planning Associates Inc bought a new position in shares of Exxon Mobil during the 4th quarter worth $47,000. Finally, Synergy Investment Management LLC purchased a new stake in Exxon Mobil during the fourth quarter valued at about $47,000. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, VP Darrin L. Talley sold 2,100 shares of the company’s stock in a transaction on 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 transaction, 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 position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.03% of the stock is owned by company insiders.

Exxon Mobil Stock Down 0.2 %

Exxon Mobil stock opened at $108.37 on Wednesday. The firm has a market cap of $468.73 billion, a price-to-earnings ratio of 13.82, a PEG ratio of 3.02 and a beta of 0.61. 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 Co. has a 12 month low of $97.80 and a 12 month high of $126.34. The stock has a fifty day simple moving average of $109.64 and a two-hundred day simple moving average of $112.00.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data 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 return on equity of 12.92% and a net margin of 9.63%. During the same quarter in the prior year, the firm posted $2.48 earnings per share. Equities analysts predict that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Wednesday, February 12th were paid a dividend of $0.99 per share. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.65%. Exxon Mobil’s dividend payout ratio (DPR) is presently 50.51%.

Analyst Ratings Changes

Several research firms have recently weighed in on XOM. Argus upgraded shares of Exxon Mobil to a “strong-buy” rating in a research note on Tuesday, February 4th. Morgan Stanley lowered their target price on shares of Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating on the stock in a report on Thursday, March 27th. Royal Bank of Canada reissued a “sector perform” rating and issued a $115.00 price target on shares of Exxon Mobil in a research note on Monday, February 3rd. Mizuho lowered their price objective on shares of Exxon Mobil from $131.00 to $129.00 and set a “neutral” rating on the stock in a research report on Thursday, April 3rd. Finally, Scotiabank reduced their target price on Exxon Mobil from $140.00 to $115.00 and set a “sector outperform” rating on the stock in a research note on Friday, April 11th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, Exxon Mobil has a consensus rating of “Moderate Buy” and an average target price of $126.50.

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.