Harvest Fund Management Co. Ltd Grows Position in Exxon Mobil Co. (NYSE:XOM)

Harvest Fund Management Co. Ltd raised its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 11.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 918 shares of the oil and gas company’s stock after buying an additional 94 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in Exxon Mobil were worth $99,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Fairway Wealth LLC bought a new stake in shares of Exxon Mobil in the 4th quarter worth $31,000. Keystone Financial Group Inc. purchased a new stake in Exxon Mobil in the fourth quarter worth about $36,000. Retirement Wealth Solutions LLC purchased a new stake in Exxon Mobil in the fourth quarter worth about $46,000. Compass Planning Associates Inc purchased a new stake in Exxon Mobil in the fourth quarter worth about $47,000. Finally, Synergy Investment Management LLC bought a new position in shares of Exxon Mobil in the fourth quarter worth about $47,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Price Performance

Shares of XOM opened at $115.30 on Friday. Exxon Mobil Co. has a fifty-two week low of $103.67 and a fifty-two week high of $126.34. The company has a market capitalization of $500.29 billion, a price-to-earnings ratio of 14.71, a price-to-earnings-growth ratio of 3.02 and a beta of 0.83. The firm has a 50-day simple moving average of $110.09 and a 200-day simple moving average of $113.57. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 EPS for the quarter, missing analysts’ consensus estimates of $1.77 by ($0.10). Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. During the same quarter last year, the company posted $2.48 earnings per share. On average, equities research analysts anticipate that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders 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 3.43%. Exxon Mobil’s dividend payout ratio (DPR) is 50.51%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on XOM. TD Cowen dropped their price target on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating for the company in a research note on Monday, December 16th. Mizuho reduced their price target on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating on the stock in a report on Monday, December 16th. Argus upgraded Exxon Mobil to a “strong-buy” rating in a report on Tuesday, February 4th. Scotiabank reduced their price objective on Exxon Mobil from $145.00 to $140.00 in a report on Friday, January 31st. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $115.00 price target on shares of Exxon Mobil in a report on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $129.15.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of Exxon Mobil 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 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.03% of the stock is owned by corporate insiders.

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.