Islay Capital Management LLC Acquires 623 Shares of Exxon Mobil Co. (NYSE:XOM)

Islay Capital Management LLC grew its holdings in Exxon Mobil Co. (NYSE:XOM) by 5.4% in the 4th quarter, Holdings Channel reports. The fund owned 12,259 shares of the oil and gas company’s stock after purchasing an additional 623 shares during the quarter. Islay Capital Management LLC’s holdings in Exxon Mobil were worth $1,226,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of XOM. Goldstein Advisors LLC acquired a new position in shares of Exxon Mobil in the third quarter valued at $224,000. SS&H Financial Advisors Inc. acquired a new position in shares of Exxon Mobil in the third quarter valued at $6,403,000. White Lighthouse Investment Management Inc. raised its stake in shares of Exxon Mobil by 10.4% in the third quarter. White Lighthouse Investment Management Inc. now owns 3,499 shares of the oil and gas company’s stock valued at $411,000 after purchasing an additional 330 shares in the last quarter. UMB Bank n.a. raised its stake in shares of Exxon Mobil by 0.5% in the third quarter. UMB Bank n.a. now owns 444,753 shares of the oil and gas company’s stock valued at $52,294,000 after purchasing an additional 2,340 shares in the last quarter. Finally, LS Investment Advisors LLC raised its stake in shares of Exxon Mobil by 7.1% in the third quarter. LS Investment Advisors LLC now owns 23,529 shares of the oil and gas company’s stock valued at $2,767,000 after purchasing an additional 1,561 shares in the last quarter. 61.80% of the stock is owned by institutional investors.

Insider Activity at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,426 shares of the firm’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $119.01, for a total transaction of $288,718.26. Following the transaction, the vice president now owns 25,363 shares in the company, valued at $3,018,450.63. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, VP Darrin L. Talley sold 2,426 shares of the firm’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $119.01, for a total transaction of $288,718.26. Following the sale, the vice president now owns 25,363 shares of the company’s stock, valued at $3,018,450.63. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Darrin L. Talley sold 2,400 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total value of $252,000.00. Following the sale, the vice president now directly owns 30,189 shares in the company, valued at approximately $3,169,845. The disclosure for this sale can be found here. 0.03% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

XOM has been the subject of a number of recent research reports. TD Cowen upped their target price on Exxon Mobil from $128.00 to $135.00 and gave the company a “buy” rating in a research note on Tuesday. Wells Fargo & Company upped their target price on Exxon Mobil from $138.00 to $142.00 and gave the company an “overweight” rating in a research note on Tuesday. UBS Group increased their price objective on Exxon Mobil from $133.00 to $150.00 and gave the stock a “buy” rating in a research note on Thursday, April 11th. Royal Bank of Canada reiterated a “sector perform” rating and set a $120.00 price objective on shares of Exxon Mobil in a research note on Monday, February 5th. Finally, Mizuho reiterated a “neutral” rating and set a $125.00 price objective on shares of Exxon Mobil in a research note on Thursday, April 4th. Nine research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Exxon Mobil has a consensus rating of “Moderate Buy” and a consensus price target of $133.56.

Exxon Mobil Price Performance

Shares of XOM stock traded down $0.51 during trading hours on Tuesday, hitting $119.13. 9,981,813 shares of the company’s stock were exchanged, compared to its average volume of 18,099,098. The stock’s 50-day moving average is $113.65 and its 200-day moving average is $106.73. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.38 and a quick ratio of 1.06. The stock has a market cap of $471.55 billion, a price-to-earnings ratio of 14.58, a price-to-earnings-growth ratio of 4.05 and a beta of 0.96. Exxon Mobil Co. has a 52 week low of $95.77 and a 52 week high of $123.75.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, April 26th. The oil and gas company reported $2.06 EPS for the quarter, missing the consensus estimate of $2.19 by ($0.13). The business had revenue of $83.08 billion for the quarter, compared to the consensus estimate of $79.69 billion. Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. Exxon Mobil’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.83 EPS. As a group, research analysts forecast that Exxon Mobil Co. will post 9.7 EPS for the current year.

Exxon Mobil Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Wednesday, May 15th will be issued a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 3.19%. The ex-dividend date of this dividend is Tuesday, May 14th. Exxon Mobil’s dividend payout ratio is 46.57%.

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.