Accretive Wealth Partners LLC trimmed its stake in Exxon Mobil Co. (NYSE:XOM – Free Report) by 1.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 16,476 shares of the oil and gas company’s stock after selling 172 shares during the quarter. Accretive Wealth Partners LLC’s holdings in Exxon Mobil were worth $1,647,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Root Financial Partners LLC lifted its stake in Exxon Mobil by 10.7% during the fourth quarter. Root Financial Partners LLC now owns 2,054 shares of the oil and gas company’s stock valued at $205,000 after buying an additional 199 shares in the last quarter. Qsemble Capital Management LP boosted its stake in Exxon Mobil by 34.3% in the 3rd quarter. Qsemble Capital Management LP now owns 4,700 shares of the oil and gas company’s stock worth $553,000 after purchasing an additional 1,200 shares during the period. RNC Capital Management LLC grew its position in Exxon Mobil by 5.5% during the 4th quarter. RNC Capital Management LLC now owns 87,926 shares of the oil and gas company’s stock worth $8,791,000 after purchasing an additional 4,585 shares in the last quarter. Dupree Financial Group LLC acquired a new stake in Exxon Mobil during the 4th quarter valued at $378,000. Finally, Intact Investment Management Inc. lifted its holdings in shares of Exxon Mobil by 225.7% in the fourth quarter. Intact Investment Management Inc. now owns 68,400 shares of the oil and gas company’s stock valued at $6,839,000 after purchasing an additional 47,400 shares in the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several research firms recently weighed in on XOM. HSBC upped their price target on Exxon Mobil from $111.00 to $120.00 and gave the company a “hold” rating in a research report on Tuesday, April 30th. TD Cowen increased their price target on shares of Exxon Mobil from $128.00 to $135.00 and gave the stock a “buy” rating in a research report on Tuesday, April 30th. Mizuho raised their price target on shares of Exxon Mobil from $125.00 to $128.00 and gave the stock a “neutral” rating in a report on Monday, May 13th. Wells Fargo & Company upped their price objective on shares of Exxon Mobil from $138.00 to $142.00 and gave the company an “overweight” rating in a research note on Tuesday, April 30th. Finally, Scotiabank lifted their target price on shares of Exxon Mobil from $114.00 to $129.00 and gave the company a “sector perform” rating in a research note on Thursday, April 11th. Eight investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $135.00.
View Our Latest Report on Exxon MobilExxon Mobil Stock Up 2.9 %
XOM opened at $117.26 on Friday. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $123.75. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.06 and a current ratio of 1.38. The business has a 50 day moving average price of $117.84 and a 200 day moving average price of $108.26. The firm has a market cap of $462.36 billion, a P/E ratio of 14.37, a price-to-earnings-growth ratio of 3.97 and a beta of 0.96.
Exxon Mobil (NYSE:XOM – Get Free Report) last posted its quarterly earnings data 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). Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The firm had revenue of $83.08 billion for the quarter, compared to the consensus estimate of $79.69 billion. During the same period in the prior year, the company posted $2.83 earnings per share. Exxon Mobil’s quarterly revenue was down 4.0% on a year-over-year basis. Research analysts forecast that Exxon Mobil Co. will post 9.57 EPS for the current year.
Exxon Mobil Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th will be paid a $0.95 dividend. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.24%. Exxon Mobil’s payout ratio is presently 46.57%.
Insider Transactions at Exxon Mobil
In other Exxon Mobil news, VP Darrin L. Talley sold 2,426 shares of the firm’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $119.01, for a total value of $288,718.26. Following the sale, the vice president now owns 25,363 shares of the company’s stock, valued at approximately $3,018,450.63. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.03% of the stock is currently 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.
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