Braun Bostich & Associates Inc. trimmed its position in Exxon Mobil Co. (NYSE:XOM – Free Report) by 4.6% in the fourth quarter, Holdings Channel reports. The fund owned 8,272 shares of the oil and gas company’s stock after selling 395 shares during the quarter. Braun Bostich & Associates Inc.’s holdings in Exxon Mobil were worth $890,000 at the end of the most recent reporting period.
Several other hedge funds also recently modified their holdings of the company. Hershey Financial Advisers LLC bought a new position in Exxon Mobil in the second quarter valued at about $46,000. Retirement Wealth Solutions LLC bought a new position in Exxon Mobil in the 4th quarter valued at approximately $46,000. Peterson Financial Group Inc. acquired a new stake in Exxon Mobil during the 3rd quarter worth approximately $51,000. Highline Wealth Partners LLC bought a new stake in Exxon Mobil during the 3rd quarter worth approximately $54,000. Finally, Harbor Capital Advisors Inc. acquired a new position in Exxon Mobil in the 3rd quarter valued at approximately $63,000. Institutional investors and hedge funds own 61.80% of the company’s stock.
Analysts Set New Price Targets
XOM has been the subject of a number of recent research reports. UBS Group decreased their price objective on Exxon Mobil from $149.00 to $147.00 and set a “buy” rating for the company in a report on Thursday, December 12th. Wells Fargo & Company increased their price target on Exxon Mobil from $135.00 to $136.00 and gave the company an “overweight” rating in a research note on Friday, September 27th. BNP Paribas lowered Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price objective on the stock. in a research note on Wednesday, October 9th. Royal Bank of Canada reissued a “sector perform” rating and set a $115.00 target price on shares of Exxon Mobil in a research report on Thursday, December 12th. Finally, Barclays dropped their price target on shares of Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating on the stock in a research report on Thursday, October 3rd. One analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Exxon Mobil presently has an average rating of “Moderate Buy” and a consensus target price of $128.84.
Exxon Mobil Trading Down 1.4 %
NYSE XOM opened at $108.64 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. Exxon Mobil Co. has a 52 week low of $99.61 and a 52 week high of $126.34. The business has a 50 day moving average price of $111.77 and a 200-day moving average price of $115.41. The company has a market cap of $477.48 billion, a price-to-earnings ratio of 13.53, a P/E/G ratio of 2.86 and a beta of 0.91.
Exxon Mobil (NYSE:XOM – Get Free Report) last announced its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, beating analysts’ consensus estimates of $1.91 by $0.01. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The business had revenue of $90.02 billion during the quarter, compared to analyst estimates of $93.98 billion. During the same quarter in the previous year, the business posted $2.27 EPS. Exxon Mobil’s quarterly revenue was down .8% on a year-over-year basis. As a group, equities analysts expect that Exxon Mobil Co. will post 7.77 earnings per share for the current fiscal year.
Exxon Mobil Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Thursday, November 14th were issued a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.65%. The ex-dividend date of this dividend was Thursday, November 14th. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s dividend payout ratio is currently 49.32%.
Exxon Mobil 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.
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