Stablepoint Partners LLC Sells 1,775 Shares of Exxon Mobil Co. (NYSE:XOM)

Stablepoint Partners LLC trimmed its position in shares of Exxon Mobil Co. (NYSE:XOM) by 7.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 22,265 shares of the oil and gas company’s stock after selling 1,775 shares during the period. Stablepoint Partners LLC’s holdings in Exxon Mobil were worth $2,395,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Requisite Capital Management LLC increased its stake in Exxon Mobil by 183.6% in the fourth quarter. Requisite Capital Management LLC now owns 5,091 shares of the oil and gas company’s stock worth $548,000 after purchasing an additional 3,296 shares during the period. Clarendon Private LLC purchased a new stake in shares of Exxon Mobil during the fourth quarter valued at $990,000. Crescent Grove Advisors LLC grew its holdings in shares of Exxon Mobil by 16.7% in the fourth quarter. Crescent Grove Advisors LLC now owns 15,634 shares of the oil and gas company’s stock worth $1,682,000 after purchasing an additional 2,235 shares during the last quarter. Jamison Private Wealth Management Inc. increased its stake in Exxon Mobil by 2.8% in the 4th quarter. Jamison Private Wealth Management Inc. now owns 51,644 shares of the oil and gas company’s stock worth $5,555,000 after buying an additional 1,420 shares during the period. Finally, Duncan Williams Asset Management LLC lifted its holdings in Exxon Mobil by 35.2% during the 4th quarter. Duncan Williams Asset Management LLC now owns 7,760 shares of the oil and gas company’s stock valued at $835,000 after buying an additional 2,020 shares in the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

XOM has been the topic of a number of research reports. Scotiabank raised shares of Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and raised their target price for the stock from $129.00 to $145.00 in a research report on Thursday, October 10th. Mizuho dropped their price objective on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating on the stock in a research note on Monday, December 16th. BMO Capital Markets lifted their target price on Exxon Mobil from $127.00 to $130.00 and gave the company a “market perform” rating in a research report on Friday, October 4th. UBS Group dropped their price target on Exxon Mobil from $149.00 to $147.00 and set a “buy” rating on the stock in a research report on Thursday, December 12th. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $115.00 price objective on shares of Exxon Mobil in a report on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Exxon Mobil presently has a consensus rating of “Moderate Buy” and a consensus price target of $128.84.

Exxon Mobil Stock Down 2.0 %

Shares of XOM stock opened at $107.99 on Wednesday. Exxon Mobil Co. has a fifty-two week low of $100.42 and a fifty-two week high of $126.34. The firm has a market capitalization of $474.64 billion, a PE ratio of 13.45, a P/E/G ratio of 2.86 and a beta of 0.91. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.35. The stock’s 50-day simple moving average is $111.35 and its 200-day simple moving average is $115.41.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $93.98 billion. During the same quarter in the prior year, the company earned $2.27 EPS. Exxon Mobil’s quarterly revenue was down .8% on a year-over-year basis. Equities analysts expect that Exxon Mobil Co. will post 7.77 earnings per share for the current year.

Exxon Mobil Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Thursday, November 14th were given a dividend of $0.99 per share. The ex-dividend date was Thursday, November 14th. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 dividend on an annualized basis and a yield of 3.67%. Exxon Mobil’s payout ratio is currently 49.32%.

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.