Yousif Capital Management LLC Reduces Stock Position in Exxon Mobil Co. (NYSE:XOM)

Yousif Capital Management LLC lessened its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 1.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 684,872 shares of the oil and gas company’s stock after selling 13,011 shares during the period. Exxon Mobil comprises approximately 0.8% of Yousif Capital Management LLC’s holdings, making the stock its 12th largest holding. Yousif Capital Management LLC’s holdings in Exxon Mobil were worth $73,672,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Perpetual Ltd lifted its stake in Exxon Mobil by 17.4% in the third quarter. Perpetual Ltd now owns 65,924 shares of the oil and gas company’s stock worth $7,728,000 after acquiring an additional 9,759 shares during the period. Watts Gwilliam & Co. LLC bought a new position in Exxon Mobil in the 3rd quarter worth $1,580,000. CCM Investment Advisers LLC lifted its position in shares of Exxon Mobil by 19.8% in the 3rd quarter. CCM Investment Advisers LLC now owns 2,253 shares of the oil and gas company’s stock worth $264,000 after purchasing an additional 373 shares during the period. Worth Asset Management LLC boosted its stake in shares of Exxon Mobil by 2.6% during the 3rd quarter. Worth Asset Management LLC now owns 5,574 shares of the oil and gas company’s stock valued at $653,000 after purchasing an additional 141 shares in the last quarter. Finally, BWM Planning LLC purchased a new position in shares of Exxon Mobil during the third quarter valued at about $3,751,000. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Price Performance

Shares of NYSE:XOM opened at $108.87 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. The firm has a market cap of $478.49 billion, a price-to-earnings ratio of 13.89, a price-to-earnings-growth ratio of 2.79 and a beta of 0.89. The business has a 50-day simple moving average of $109.59 and a two-hundred day simple moving average of $115.00. Exxon Mobil Co. has a fifty-two week low of $100.42 and a fifty-two week high of $126.34.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 earnings per share for the quarter, missing analysts’ consensus estimates 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 quarter in the prior year, the company posted $2.48 EPS. On average, analysts expect that Exxon Mobil Co. will post 7.65 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Wednesday, February 12th will be issued a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 3.64%. The ex-dividend date is Wednesday, February 12th. Exxon Mobil’s payout ratio is currently 50.51%.

Analyst Ratings Changes

XOM has been the topic of several research reports. Morgan Stanley lifted their price objective on Exxon Mobil from $139.00 to $140.00 in a research report on Friday, January 31st. BMO Capital Markets reduced their price target on Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating on the stock in a research note on Friday, January 31st. HSBC lowered their price objective on Exxon Mobil from $125.00 to $123.00 and set a “hold” rating for the company in a research report on Friday, January 31st. Bank of America assumed coverage on shares of Exxon Mobil in a research note on Thursday, October 17th. They issued a “neutral” rating and a $124.00 price target for the company. Finally, TD Cowen dropped their price objective on shares of Exxon Mobil from $132.00 to $128.00 and set a “buy” rating on the stock in a research note on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Exxon Mobil presently has a consensus rating of “Moderate Buy” and an average price target of $129.25.

Insider Activity at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the business’s 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 in the company, valued at $1,989,570. The trade was a 10.40 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.03% of the stock is owned by company insiders.

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.