ProVise Management Group LLC Lowers Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

ProVise Management Group LLC lowered its position in shares of Exxon Mobil Co. (NYSE:XOM) by 3.2% in the fourth quarter, Holdings Channel.com reports. The fund owned 144,343 shares of the oil and gas company’s stock after selling 4,726 shares during the quarter. Exxon Mobil makes up approximately 1.3% of ProVise Management Group LLC’s portfolio, making the stock its 22nd biggest holding. ProVise Management Group LLC’s holdings in Exxon Mobil were worth $15,527,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also made changes to their positions in the company. Fairway Wealth LLC acquired a new position in shares of Exxon Mobil during the fourth quarter valued at approximately $31,000. Keystone Financial Group Inc. acquired a new position in shares of Exxon Mobil during the fourth quarter valued at approximately $36,000. Retirement Wealth Solutions LLC acquired a new position in shares of Exxon Mobil during the fourth quarter valued at approximately $46,000. Compass Planning Associates Inc acquired a new position in shares of Exxon Mobil during the fourth quarter valued at approximately $47,000. Finally, Synergy Investment Management LLC acquired a new position in shares of Exxon Mobil during the fourth quarter valued at approximately $47,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Trading Down 0.1 %

XOM opened at $113.61 on Wednesday. Exxon Mobil Co. has a 52 week low of $103.67 and a 52 week high of $126.34. The business has a fifty day simple moving average of $109.56 and a 200-day simple moving average of $113.57. The firm has a market cap of $492.95 billion, a P/E ratio of 14.49, a P/E/G ratio of 3.02 and a beta of 0.83. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 EPS for the quarter, missing the consensus estimate 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 in the previous year, the business earned $2.48 EPS. On average, equities analysts expect that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Wednesday, February 12th were issued a $0.99 dividend. The ex-dividend date was Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a yield of 3.49%. Exxon Mobil’s dividend payout ratio (DPR) is presently 50.51%.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of Exxon Mobil stock in a transaction dated 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 directly owns 18,087 shares of the company’s stock, valued at $1,989,570. The trade was a 10.40 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.03% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have commented on XOM shares. Wells Fargo & Company cut their price target on Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating for the company in a report on Monday, February 3rd. Scotiabank cut their price target on Exxon Mobil from $145.00 to $140.00 in a report on Friday, January 31st. TD Cowen cut their price target on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating for the company in a report on Monday, December 16th. UBS Group cut their price target on Exxon Mobil from $149.00 to $147.00 and set a “buy” rating for the company in a report on Thursday, December 12th. Finally, Bernstein Bank increased their price target on Exxon Mobil from $138.00 to $144.00 and gave the company an “overweight” rating in a report on Friday, January 31st. One 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 data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $129.15.

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.