Hendley & Co. Inc. Purchases 470 Shares of Exxon Mobil Co. (NYSE:XOM)

Hendley & Co. Inc. grew its position in Exxon Mobil Co. (NYSE:XOM) by 2.4% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 19,902 shares of the oil and gas company’s stock after acquiring an additional 470 shares during the period. Hendley & Co. Inc.’s holdings in Exxon Mobil were worth $2,141,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in XOM. Keystone Financial Group Inc. acquired a new stake in shares of Exxon Mobil during the fourth quarter worth about $36,000. Retirement Wealth Solutions LLC bought a new stake in Exxon Mobil during the 4th quarter worth approximately $46,000. Compass Planning Associates Inc acquired a new stake in Exxon Mobil during the 4th quarter worth approximately $47,000. Compass Financial Services Inc bought a new position in Exxon Mobil in the fourth quarter valued at approximately $48,000. Finally, Peterson Financial Group Inc. acquired a new position in shares of Exxon Mobil in the third quarter valued at approximately $51,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Wall Street Analysts Forecast Growth

XOM has been the topic of several research reports. Argus raised shares of Exxon Mobil to a “strong-buy” rating in a research report on Tuesday, February 4th. Scotiabank reduced their price objective on Exxon Mobil from $145.00 to $140.00 in a research report on Friday, January 31st. Morgan Stanley lifted their target price on Exxon Mobil from $139.00 to $140.00 in a research report on Friday, January 31st. Mizuho reduced their price target on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating for the company in a research report on Monday, December 16th. Finally, BMO Capital Markets decreased their price target on shares of Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating for the company in a research note on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $129.25.

Insider Buying and Selling 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 transaction, the vice president now owns 18,087 shares in the company, valued at $1,989,570. The trade was a 10.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.03% of the company’s stock.

Exxon Mobil Stock Up 0.6 %

Exxon Mobil stock opened at $110.06 on Friday. Exxon Mobil Co. has a twelve month low of $104.00 and a twelve month high of $126.34. The stock has a market cap of $477.58 billion, a P/E ratio of 14.04, a P/E/G ratio of 3.02 and a beta of 0.89. The company’s 50-day moving average price is $108.84 and its two-hundred day moving average price is $114.31. 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 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 return on equity of 12.92% and a net margin of 9.63%. During the same period last year, the firm earned $2.48 EPS. As a group, analysts expect that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th will be paid a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.60%. The ex-dividend date of this dividend is Wednesday, February 12th. Exxon Mobil’s payout ratio is presently 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.