RFG Bristol Wealth Advisors LLC Invests $3.89 Million in Exxon Mobil Co. (NYSE:XOM)

RFG Bristol Wealth Advisors LLC purchased a new stake in shares of Exxon Mobil Co. (NYSE:XOM) during the fourth quarter, Holdings Channel.com reports. The fund purchased 36,113 shares of the oil and gas company’s stock, valued at approximately $3,885,000. Exxon Mobil accounts for approximately 1.3% of RFG Bristol Wealth Advisors LLC’s portfolio, making the stock its 20th largest position.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Exxon Mobil in the fourth quarter valued at approximately $6,936,737,000. Bank of New York Mellon Corp boosted its position in Exxon Mobil by 14.4% in the fourth quarter. Bank of New York Mellon Corp now owns 43,983,110 shares of the oil and gas company’s stock worth $4,731,263,000 after purchasing an additional 5,538,694 shares during the last quarter. Pacer Advisors Inc. grew its stake in Exxon Mobil by 1,524.1% in the 4th quarter. Pacer Advisors Inc. now owns 5,445,922 shares of the oil and gas company’s stock valued at $585,818,000 after purchasing an additional 5,110,603 shares during the period. Franklin Resources Inc. raised its stake in shares of Exxon Mobil by 16.3% during the 3rd quarter. Franklin Resources Inc. now owns 31,522,556 shares of the oil and gas company’s stock worth $3,936,929,000 after purchasing an additional 4,415,012 shares during the period. Finally, Proficio Capital Partners LLC boosted its holdings in shares of Exxon Mobil by 13,899.5% in the 4th quarter. Proficio Capital Partners LLC now owns 1,888,812 shares of the oil and gas company’s stock worth $1,963,000 after buying an additional 1,875,320 shares during the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Exxon Mobil Stock Performance

NYSE XOM opened at $118.93 on Wednesday. The company’s 50 day simple moving average is $111.01 and its two-hundred day simple moving average is $113.85. 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 Co. has a 1 year low of $103.67 and a 1 year high of $126.34. The stock has a market capitalization of $516.06 billion, a PE ratio of 15.17, a P/E/G ratio of 3.02 and a beta of 0.83.

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 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 period in the previous year, the company posted $2.48 earnings per share. Analysts predict that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th were given 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 3.33%. Exxon Mobil’s dividend payout ratio (DPR) is presently 50.51%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Royal Bank of Canada restated a “sector perform” rating and set a $115.00 price objective on shares of Exxon Mobil in a report on Monday, February 3rd. UBS Group lowered their price target on shares of Exxon Mobil from $149.00 to $147.00 and set a “buy” rating on the stock in a report on Thursday, December 12th. Morgan Stanley dropped their price objective on Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating on the stock in a research note on Thursday, March 27th. Bernstein Bank boosted their target price on Exxon Mobil from $138.00 to $144.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Finally, BMO Capital Markets cut their price target on 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 analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, Exxon Mobil presently has a consensus rating of “Moderate Buy” and a consensus target price of $129.05.

Insider Transactions at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of Exxon Mobil stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total transaction 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. The trade was a 10.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.03% of the stock is owned by insiders.

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.