Exxon Mobil Co. (NYSE:XOM) Shares Sold by Harvey Investment Co. LLC

Harvey Investment Co. LLC lessened its stake in Exxon Mobil Co. (NYSE:XOM) by 0.2% in the 4th quarter, Holdings Channel reports. The firm owned 116,859 shares of the oil and gas company’s stock after selling 200 shares during the period. Exxon Mobil comprises about 1.5% of Harvey Investment Co. LLC’s portfolio, making the stock its 24th largest holding. Harvey Investment Co. LLC’s holdings in Exxon Mobil were worth $12,571,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC acquired a new position in Exxon Mobil in the 4th quarter valued at about $1,000,000. Solutions 4 Wealth Ltd purchased a new stake in Exxon Mobil during the 4th quarter worth approximately $298,000. Global X Japan Co. Ltd. lifted its holdings in Exxon Mobil by 18.6% during the 4th quarter. Global X Japan Co. Ltd. now owns 4,350 shares of the oil and gas company’s stock worth $468,000 after buying an additional 682 shares in the last quarter. Beese Fulmer Investment Management Inc. boosted its position in Exxon Mobil by 0.5% in the 4th quarter. Beese Fulmer Investment Management Inc. now owns 191,478 shares of the oil and gas company’s stock valued at $20,597,000 after buying an additional 921 shares during the period. Finally, Fairvoy Private Wealth LLC acquired a new position in shares of Exxon Mobil in the fourth quarter worth $4,022,000. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently commented on XOM shares. Mizuho lowered their target price on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating for the company in a research note on Monday, December 16th. The Goldman Sachs Group lowered their price objective on Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. BMO Capital Markets reduced their target price on shares of Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating on the stock in a report on Friday, January 31st. Bank of America started coverage on shares of Exxon Mobil in a research report on Thursday, October 17th. They issued a “neutral” rating and a $124.00 price objective on the stock. Finally, Wolfe Research lifted their price objective on shares of Exxon Mobil from $137.00 to $138.00 in a research report on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $129.25.

Exxon Mobil Trading Up 1.9 %

Shares of XOM opened at $110.98 on Tuesday. The firm has a 50 day simple moving average of $109.41 and a 200-day simple moving average of $114.97. The stock has a market cap of $487.75 billion, a price-to-earnings ratio of 14.15, a price-to-earnings-growth ratio of 2.94 and a beta of 0.89. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. Exxon Mobil Co. has a 1-year low of $100.42 and a 1-year high of $126.34.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 earnings per share for the quarter, missing analysts’ consensus estimates of $1.77 by ($0.10). Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. During the same quarter last year, the business posted $2.48 earnings per share. Equities analysts forecast that Exxon Mobil Co. will post 7.37 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Wednesday, February 12th will be issued a dividend of $0.99 per share. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $3.96 annualized dividend and a dividend yield of 3.57%. Exxon Mobil’s payout ratio is 50.51%.

Insider Activity at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total transaction of $231,000.00. Following the completion of the sale, the vice president now owns 18,087 shares in the company, valued at $1,989,570. This trade represents a 10.40 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.03% of the company’s stock.

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.