Van Cleef Asset Management Inc Has $15.97 Million Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Van Cleef Asset Management Inc raised its holdings in Exxon Mobil Co. (NYSE:XOM) by 2.4% in the fourth quarter, Holdings Channel.com reports. The fund owned 159,725 shares of the oil and gas company’s stock after acquiring an additional 3,727 shares during the quarter. Exxon Mobil makes up about 2.2% of Van Cleef Asset Management Inc’s investment portfolio, making the stock its 11th largest position. Van Cleef Asset Management Inc’s holdings in Exxon Mobil were worth $15,969,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Keener Financial Planning LLC acquired a new stake in shares of Exxon Mobil in the fourth quarter worth $80,000. Orion Capital Management LLC bought a new position in Exxon Mobil during the third quarter worth $91,000. Authentikos Wealth Advisory LLC bought a new position in Exxon Mobil during the third quarter worth $92,000. TFO Wealth Partners LLC increased its position in Exxon Mobil by 118.5% during the third quarter. TFO Wealth Partners LLC now owns 968 shares of the oil and gas company’s stock worth $104,000 after acquiring an additional 525 shares during the period. Finally, Sumitomo Mitsui Financial Group Inc. increased its position in Exxon Mobil by 851.6% during the third quarter. Sumitomo Mitsui Financial Group Inc. now owns 885 shares of the oil and gas company’s stock worth $106,000 after acquiring an additional 792 shares during the period. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,400 shares of the company’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $105.00, for a total transaction of $252,000.00. Following the transaction, the vice president now directly owns 30,189 shares in the company, valued at approximately $3,169,845. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.03% of the company’s stock.

Exxon Mobil Price Performance

NYSE XOM traded down $3.37 on Friday, hitting $117.96. 26,679,557 shares of the company were exchanged, compared to its average volume of 18,214,783. The firm has a 50 day moving average of $113.04 and a two-hundred day moving average of $106.62. The company has a market cap of $466.92 billion, a P/E ratio of 13.11, a P/E/G ratio of 4.16 and a beta of 0.96. The company has a current ratio of 1.48, a quick ratio of 1.09 and a debt-to-equity ratio of 0.18. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $123.75.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, April 26th. The oil and gas company reported $2.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.19 by ($0.13). The company had revenue of $83.08 billion for the quarter, compared to analyst estimates of $79.69 billion. Exxon Mobil had a return on equity of 18.51% and a net margin of 10.45%. The firm’s quarterly revenue was down 4.0% on a year-over-year basis. During the same quarter last year, the company earned $2.83 EPS. On average, equities analysts predict that Exxon Mobil Co. will post 9.7 EPS for the current year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Wednesday, February 14th were given a dividend of $0.95 per share. The ex-dividend date was Tuesday, February 13th. This represents a $3.80 dividend on an annualized basis and a yield of 3.22%. Exxon Mobil’s payout ratio is presently 42.74%.

Wall Street Analyst Weigh In

XOM has been the topic of a number of research reports. Barclays initiated coverage on shares of Exxon Mobil in a research report on Wednesday, April 10th. They set an “overweight” rating and a $147.00 target price on the stock. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $120.00 target price on shares of Exxon Mobil in a research report on Monday, February 5th. Wells Fargo & Company boosted their target price on shares of Exxon Mobil from $126.00 to $138.00 and gave the stock an “overweight” rating in a research report on Thursday, April 4th. Mizuho reissued a “neutral” rating and issued a $125.00 price target on shares of Exxon Mobil in a report on Thursday, April 4th. Finally, Scotiabank boosted their price target on shares of Exxon Mobil from $114.00 to $129.00 and gave the company a “sector perform” rating in a report on Thursday, April 11th. Eight investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $132.28.

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.