Moors & Cabot Inc. Has $21.51 Million Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Moors & Cabot Inc. increased its position in shares of Exxon Mobil Co. (NYSE:XOM) by 0.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 199,948 shares of the oil and gas company’s stock after acquiring an additional 1,344 shares during the quarter. Exxon Mobil comprises about 1.0% of Moors & Cabot Inc.’s investment portfolio, making the stock its 13th largest position. Moors & Cabot Inc.’s holdings in Exxon Mobil were worth $21,508,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in XOM. Principal Financial Group Inc. lifted its stake in Exxon Mobil by 8.4% in the third quarter. Principal Financial Group Inc. now owns 6,709,202 shares of the oil and gas company’s stock valued at $786,453,000 after buying an additional 521,932 shares during the period. United Bank lifted its stake in Exxon Mobil by 3.7% in the third quarter. United Bank now owns 17,920 shares of the oil and gas company’s stock valued at $2,101,000 after buying an additional 641 shares during the period. Transcendent Capital Group LLC increased its holdings in shares of Exxon Mobil by 3.5% in the third quarter. Transcendent Capital Group LLC now owns 5,032 shares of the oil and gas company’s stock worth $590,000 after acquiring an additional 169 shares in the last quarter. Costello Asset Management INC increased its holdings in shares of Exxon Mobil by 61.9% in the third quarter. Costello Asset Management INC now owns 777 shares of the oil and gas company’s stock worth $91,000 after acquiring an additional 297 shares in the last quarter. Finally, Axxcess Wealth Management LLC increased its holdings in shares of Exxon Mobil by 1.2% in the third quarter. Axxcess Wealth Management LLC now owns 168,659 shares of the oil and gas company’s stock worth $19,770,000 after acquiring an additional 1,970 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Insiders Place Their Bets

In other 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 transaction of $231,000.00. Following the transaction, the vice president now owns 18,087 shares of the company’s stock, valued at $1,989,570. This represents a 10.40 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.03% of the company’s stock.

Exxon Mobil Price Performance

Shares of XOM opened at $109.06 on Wednesday. The company has a market capitalization of $473.24 billion, a price-to-earnings ratio of 13.91, a price-to-earnings-growth ratio of 3.02 and a beta of 0.83. 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 $103.67 and a 1 year high of $126.34. The business has a 50-day moving average of $109.20 and a 200-day moving average of $113.80.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (EPS) for the quarter, missing the consensus estimate 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 period in the previous year, the firm posted $2.48 EPS. As a group, equities research analysts anticipate that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th were given a $0.99 dividend. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $3.96 annualized dividend and a yield of 3.63%. Exxon Mobil’s dividend payout ratio is currently 50.51%.

Analyst Ratings Changes

XOM has been the subject of several recent analyst reports. Morgan Stanley increased their price target on Exxon Mobil from $139.00 to $140.00 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. Mizuho decreased their price objective on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating for the company in a report on Monday, December 16th. Wells Fargo & Company decreased their price objective on Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating for the company in a report on Monday, February 3rd. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $115.00 price objective on shares of Exxon Mobil in a report on Monday, February 3rd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $129.25.

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.