SLT Holdings LLC Makes New $796,000 Investment in Exxon Mobil Co. (NYSE:XOM)

SLT Holdings LLC acquired a new position in shares of Exxon Mobil Co. (NYSE:XOM) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 7,399 shares of the oil and gas company’s stock, valued at approximately $796,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Sound View Wealth Advisors Group LLC increased its position in shares of Exxon Mobil by 3.8% during the fourth quarter. Sound View Wealth Advisors Group LLC now owns 69,575 shares of the oil and gas company’s stock worth $7,484,000 after acquiring an additional 2,547 shares during the last quarter. Enterprise Financial Services Corp increased its position in shares of Exxon Mobil by 4.7% during the fourth quarter. Enterprise Financial Services Corp now owns 16,865 shares of the oil and gas company’s stock worth $1,814,000 after acquiring an additional 763 shares during the last quarter. Sowell Financial Services LLC increased its position in shares of Exxon Mobil by 0.9% during the fourth quarter. Sowell Financial Services LLC now owns 124,399 shares of the oil and gas company’s stock worth $13,382,000 after acquiring an additional 1,112 shares during the last quarter. Argentarii LLC purchased a new stake in shares of Exxon Mobil during the fourth quarter worth about $3,683,000. Finally, Tilson Financial Group Inc. increased its position in shares of Exxon Mobil by 0.8% during the fourth quarter. Tilson Financial Group Inc. now owns 33,564 shares of the oil and gas company’s stock worth $3,610,000 after acquiring an additional 264 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. UBS Group dropped their target price on Exxon Mobil from $149.00 to $147.00 and set a “buy” rating on the stock in a research report on Thursday, December 12th. TD Cowen lowered their price objective on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating for the company in a report on Monday, December 16th. Mizuho lowered their price objective on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating for the company in a report on Monday, December 16th. Royal Bank of Canada reissued a “sector perform” rating and issued a $115.00 price objective on shares of Exxon Mobil in a report on Monday, February 3rd. Finally, Wells Fargo & Company lowered their price objective on Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating for the company in a report on Monday, February 3rd. 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 assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $129.25.

Exxon Mobil Stock Performance

Shares of NYSE XOM opened at $109.05 on Friday. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. The stock has a 50 day simple moving average of $109.05 and a 200-day simple moving average of $113.87. The company has a market cap of $473.20 billion, a PE ratio of 13.91, a P/E/G ratio of 3.02 and a beta of 0.83. Exxon Mobil Co. has a 12-month low of $103.67 and a 12-month high of $126.34.

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 (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 period last year, the company earned $2.48 EPS. On average, equities research analysts forecast that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th will be given a dividend of $0.99 per share. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $3.96 annualized dividend and a dividend yield of 3.63%. Exxon Mobil’s dividend payout ratio is presently 50.51%.

Insider Transactions at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the company’s stock in a transaction that occurred 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 sale, the vice president now directly owns 18,087 shares in the company, valued at $1,989,570. This represents a 10.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.03% of the company’s stock.

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.