Cultivar Capital Inc. Makes New Investment in Exxon Mobil Co. (NYSE:XOM)

Cultivar Capital Inc. bought a new stake in Exxon Mobil Co. (NYSE:XOM) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 9,449 shares of the oil and gas company’s stock, valued at approximately $945,000. Exxon Mobil makes up approximately 0.8% of Cultivar Capital Inc.’s investment portfolio, making the stock its 11th largest holding.

Several other large investors have also made changes to their positions in the company. Intrepid Capital Management Inc. grew its stake in Exxon Mobil by 1.2% during the second quarter. Intrepid Capital Management Inc. now owns 7,928 shares of the oil and gas company’s stock worth $850,000 after buying an additional 92 shares during the last quarter. Traynor Capital Management Inc. grew its position in Exxon Mobil by 4.2% during the 3rd quarter. Traynor Capital Management Inc. now owns 2,346 shares of the oil and gas company’s stock worth $276,000 after acquiring an additional 94 shares during the last quarter. Money Concepts Capital Corp increased its holdings in Exxon Mobil by 3.1% during the 3rd quarter. Money Concepts Capital Corp now owns 3,119 shares of the oil and gas company’s stock valued at $367,000 after purchasing an additional 95 shares in the last quarter. Defined Wealth Management LLC raised its position in Exxon Mobil by 2.4% in the 3rd quarter. Defined Wealth Management LLC now owns 4,051 shares of the oil and gas company’s stock valued at $476,000 after purchasing an additional 96 shares during the last quarter. Finally, Fluent Financial LLC raised its position in Exxon Mobil by 2.8% in the 3rd quarter. Fluent Financial LLC now owns 3,610 shares of the oil and gas company’s stock valued at $424,000 after purchasing an additional 97 shares during the last quarter. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Trading Up 0.5 %

NYSE XOM traded up $0.60 on Wednesday, reaching $114.39. The company had a trading volume of 1,814,955 shares, compared to its average volume of 18,306,650. Exxon Mobil Co. has a 52 week low of $95.77 and a 52 week high of $120.70. The stock’s 50 day moving average is $104.65 and its 200-day moving average is $105.90. The company has a quick ratio of 1.09, a current ratio of 1.48 and a debt-to-equity ratio of 0.18. The stock has a market cap of $453.88 billion, a price-to-earnings ratio of 12.80, a PEG ratio of 4.20 and a beta of 0.96.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, February 2nd. The oil and gas company reported $2.48 EPS for the quarter, beating analysts’ consensus estimates of $2.20 by $0.28. Exxon Mobil had a return on equity of 18.51% and a net margin of 10.45%. The company had revenue of $84.34 billion during the quarter, compared to analysts’ expectations of $90.03 billion. During the same period in the prior year, the business posted $3.40 EPS. Exxon Mobil’s revenue was down 11.6% on a year-over-year basis. Equities analysts predict that Exxon Mobil Co. will post 9.11 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Wednesday, February 14th were given a dividend of $0.95 per share. The ex-dividend date of this dividend was Tuesday, February 13th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.32%. Exxon Mobil’s dividend payout ratio is 42.74%.

Wall Street Analyst Weigh In

XOM has been the subject of a number of research reports. TD Cowen upgraded Exxon Mobil from a “market perform” rating to an “outperform” rating and set a $115.00 target price for the company in a research note on Tuesday, January 23rd. JPMorgan Chase & Co. lowered their price objective on shares of Exxon Mobil from $134.00 to $127.00 and set an “overweight” rating for the company in a research report on Friday, December 8th. Erste Group Bank reiterated a “hold” rating on shares of Exxon Mobil in a research report on Friday, December 22nd. UBS Group lowered their price target on shares of Exxon Mobil from $133.00 to $132.00 and set a “buy” rating for the company in a report on Tuesday, January 23rd. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $120.00 price objective on shares of Exxon Mobil in a research report on Monday, February 5th. Nine analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $128.18.

Insider Activity

In related news, VP Darrin L. Talley sold 2,400 shares of the firm’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total transaction of $252,000.00. Following the sale, the vice president now owns 30,189 shares of the company’s stock, valued at approximately $3,169,845. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.04% of the stock is owned by company 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.