Bonfire Financial Acquires Shares of 2,308 Exxon Mobil Co. (NYSE:XOM)

Bonfire Financial bought a new position in shares of Exxon Mobil Co. (NYSE:XOM) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 2,308 shares of the oil and gas company’s stock, valued at approximately $248,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in XOM. Wedge Capital Management L L P NC boosted its holdings in Exxon Mobil by 1.8% in the 3rd quarter. Wedge Capital Management L L P NC now owns 7,077 shares of the oil and gas company’s stock worth $830,000 after buying an additional 126 shares during the last quarter. Creative Planning lifted its position in shares of Exxon Mobil by 0.5% in the third quarter. Creative Planning now owns 1,801,232 shares of the oil and gas company’s stock valued at $211,140,000 after acquiring an additional 9,733 shares in the last quarter. Safeguard Financial LLC boosted its stake in shares of Exxon Mobil by 21.7% in the third quarter. Safeguard Financial LLC now owns 5,857 shares of the oil and gas company’s stock worth $687,000 after acquiring an additional 1,046 shares during the last quarter. Proquility Private Wealth Partners LLC increased its position in shares of Exxon Mobil by 10.8% during the third quarter. Proquility Private Wealth Partners LLC now owns 43,353 shares of the oil and gas company’s stock worth $5,082,000 after purchasing an additional 4,218 shares in the last quarter. Finally, Stableford Capital II LLC raised its stake in Exxon Mobil by 0.9% in the 3rd quarter. Stableford Capital II LLC now owns 35,336 shares of the oil and gas company’s stock valued at $4,368,000 after purchasing an additional 306 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Trading Up 0.7 %

Shares of XOM stock opened at $108.10 on Friday. Exxon Mobil Co. has a 1-year low of $100.42 and a 1-year high of $126.34. The firm has a market cap of $475.10 billion, a PE ratio of 13.79, a price-to-earnings-growth ratio of 2.94 and a beta of 0.89. The company has a 50-day moving average of $109.02 and a two-hundred day moving average of $114.83. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data 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 firm posted $2.48 EPS. On average, analysts predict that Exxon Mobil Co. will post 7.37 EPS for the current year.

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th will be paid a $0.99 dividend. The ex-dividend date is Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.66%. Exxon Mobil’s payout ratio is presently 50.51%.

Insider Activity at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of Exxon Mobil 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 completion of the transaction, the vice president now directly owns 18,087 shares of the company’s stock, valued at $1,989,570. The trade was a 10.40 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.03% of the company’s stock.

Analyst Ratings Changes

XOM has been the topic of several recent research reports. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $115.00 target price on shares of Exxon Mobil in a research note on Monday, February 3rd. Scotiabank lowered their price target on shares of Exxon Mobil from $145.00 to $140.00 in a research report on Friday, January 31st. Wells Fargo & Company cut their price objective on shares of Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating for the company in a report on Monday, February 3rd. Mizuho decreased their target price on shares of Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating on the stock in a research note on Monday, December 16th. Finally, Bank of America began coverage on Exxon Mobil in a research report on Thursday, October 17th. They issued a “neutral” rating and a $124.00 price target for the company. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Exxon Mobil currently has a consensus rating of “Moderate Buy” and an average target price 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.