Fairman Group LLC Sells 1,364 Shares of Exxon Mobil Co. (NYSE:XOM)

Fairman Group LLC reduced its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 51.5% during the 4th quarter, HoldingsChannel reports. The fund owned 1,285 shares of the oil and gas company’s stock after selling 1,364 shares during the period. Fairman Group LLC’s holdings in Exxon Mobil were worth $138,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Wedge Capital Management L L P NC boosted its position in shares of Exxon Mobil by 1.8% during the third quarter. Wedge Capital Management L L P NC now owns 7,077 shares of the oil and gas company’s stock valued at $830,000 after buying an additional 126 shares during the period. Creative Planning boosted its position in shares of Exxon Mobil by 0.5% during the third quarter. Creative Planning now owns 1,801,232 shares of the oil and gas company’s stock valued at $211,140,000 after buying an additional 9,733 shares during the period. Vontobel Holding Ltd. boosted its position in shares of Exxon Mobil by 26.0% during the third quarter. Vontobel Holding Ltd. now owns 88,290 shares of the oil and gas company’s stock valued at $10,349,000 after buying an additional 18,230 shares during the period. Community Bank of Raymore boosted its position in shares of Exxon Mobil by 0.9% during the third quarter. Community Bank of Raymore now owns 21,684 shares of the oil and gas company’s stock valued at $2,542,000 after buying an additional 200 shares during the period. Finally, Probity Advisors Inc. boosted its position in shares of Exxon Mobil by 1.6% during the third quarter. Probity Advisors Inc. now owns 8,867 shares of the oil and gas company’s stock valued at $1,039,000 after buying an additional 143 shares during the period. 61.80% of the stock is owned by institutional investors.

Exxon Mobil Stock Performance

Shares of XOM stock opened at $108.17 on Friday. The business’s fifty day simple moving average is $108.88 and its 200-day simple moving average is $114.78. The company has a market cap of $475.42 billion, a PE ratio of 13.80, a PEG ratio of 2.94 and a beta of 0.89. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. Exxon Mobil Co. has a 12-month low of $100.60 and a 12-month high of $126.34.

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

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Wednesday, February 12th will be given a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 3.66%. The ex-dividend date is Wednesday, February 12th. Exxon Mobil’s payout ratio is 50.51%.

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,100 shares of the company’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total value of $231,000.00. Following the transaction, the vice president now directly owns 18,087 shares of the company’s stock, valued at $1,989,570. This represents a 10.40 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.03% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Mizuho dropped their target price on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating for the company in a research report on Monday, December 16th. HSBC lowered their price target on Exxon Mobil from $125.00 to $123.00 and set a “hold” rating for the company in a report on Friday, January 31st. JPMorgan Chase & Co. lowered their price target on Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating for the company in a report on Monday, December 16th. Scotiabank lowered their price target on Exxon Mobil from $145.00 to $140.00 in a report on Friday, January 31st. Finally, BMO Capital Markets lowered their price target on Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating for the company in a report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $129.25.

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.