Financial Management Professionals Inc. Trims Holdings in Exxon Mobil Co. (NYSE:XOM)

Financial Management Professionals Inc. cut its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 0.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 27,097 shares of the oil and gas company’s stock after selling 225 shares during the period. Financial Management Professionals Inc.’s holdings in Exxon Mobil were worth $2,915,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Eagle Capital Management LLC increased its stake in shares of Exxon Mobil by 4.9% in the 2nd quarter. Eagle Capital Management LLC now owns 2,460 shares of the oil and gas company’s stock valued at $283,000 after purchasing an additional 114 shares in the last quarter. XTX Topco Ltd purchased a new stake in shares of Exxon Mobil during the second quarter worth $860,000. Legacy Financial Advisors Inc. raised its holdings in Exxon Mobil by 8.9% in the 2nd quarter. Legacy Financial Advisors Inc. now owns 28,612 shares of the oil and gas company’s stock valued at $3,294,000 after acquiring an additional 2,328 shares during the last quarter. Auxier Asset Management increased its holdings in shares of Exxon Mobil by 2.9% in the second quarter. Auxier Asset Management now owns 13,192 shares of the oil and gas company’s stock valued at $1,519,000 after purchasing an additional 371 shares during the last quarter. Finally, Alaethes Wealth LLC raised its holdings in shares of Exxon Mobil by 1.6% during the 2nd quarter. Alaethes Wealth LLC now owns 19,705 shares of the oil and gas company’s stock worth $2,268,000 after acquiring an additional 302 shares during the period. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Up 0.9 %

XOM opened at $112.37 on Monday. Exxon Mobil Co. has a 52 week low of $95.77 and a 52 week high of $126.34. The company has a quick ratio of 1.01, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. The business has a 50 day moving average price of $112.56 and a two-hundred day moving average price of $115.51. The company has a market cap of $493.89 billion, a PE ratio of 13.99, a P/E/G ratio of 2.70 and a beta of 0.91.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, topping 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 company had revenue of $90.02 billion during the quarter, compared to the consensus estimate of $93.98 billion. During the same quarter in the prior year, the firm earned $2.27 EPS. Exxon Mobil’s quarterly revenue was down .8% on a year-over-year basis. As a group, research analysts anticipate that Exxon Mobil Co. will post 7.86 EPS for the current year.

Exxon Mobil Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Thursday, November 14th were issued a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 3.52%. The ex-dividend date 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%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Wolfe Research boosted their target price on shares of Exxon Mobil from $137.00 to $138.00 in a report on Thursday, October 31st. BNP Paribas cut Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 target price for the company. in a report on Wednesday, October 9th. The Goldman Sachs Group boosted their price target on shares of Exxon Mobil from $118.00 to $120.00 in a research note on Thursday, October 31st. Scotiabank upgraded shares of Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and upped their target price for the stock from $129.00 to $145.00 in a research note on Thursday, October 10th. Finally, TD Cowen lowered their target price on shares of Exxon Mobil from $132.00 to $128.00 and set a “buy” rating for the company in a research note on Monday, December 16th. One analyst has rated the stock with a sell rating, seven have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Exxon Mobil presently has an average rating of “Moderate Buy” and an average target price of $128.84.

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.