Newman Dignan & Sheerar Inc. Lowers Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Newman Dignan & Sheerar Inc. reduced its position in Exxon Mobil Co. (NYSE:XOM) by 21.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,406 shares of the oil and gas company’s stock after selling 3,740 shares during the quarter. Newman Dignan & Sheerar Inc.’s holdings in Exxon Mobil were worth $1,442,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Brown Lisle Cummings Inc. lifted its holdings in Exxon Mobil by 14.0% during the 3rd quarter. Brown Lisle Cummings Inc. now owns 26,825 shares of the oil and gas company’s stock worth $3,144,000 after buying an additional 3,296 shares in the last quarter. Penn Davis Mcfarland Inc. raised its stake in shares of Exxon Mobil by 9.2% in the third quarter. Penn Davis Mcfarland Inc. now owns 11,859 shares of the oil and gas company’s stock valued at $1,390,000 after acquiring an additional 999 shares in the last quarter. Violich Capital Management Inc. boosted its holdings in Exxon Mobil by 5.4% in the third quarter. Violich Capital Management Inc. now owns 47,247 shares of the oil and gas company’s stock valued at $5,538,000 after purchasing an additional 2,438 shares during the period. Koss Olinger Consulting LLC grew its stake in Exxon Mobil by 12.1% during the 3rd quarter. Koss Olinger Consulting LLC now owns 6,097 shares of the oil and gas company’s stock worth $715,000 after purchasing an additional 656 shares in the last quarter. Finally, Trilogy Capital Inc. increased its holdings in Exxon Mobil by 0.3% during the 3rd quarter. Trilogy Capital Inc. now owns 30,278 shares of the oil and gas company’s stock worth $3,549,000 after purchasing an additional 102 shares during the period. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Exxon Mobil Stock Performance

Shares of XOM stock opened at $110.05 on Wednesday. Exxon Mobil Co. has a 52-week low of $102.64 and a 52-week high of $126.34. The stock’s 50-day moving average price is $108.68 and its 200 day moving average price is $114.61. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $483.66 billion, a PE ratio of 14.04, a price-to-earnings-growth ratio of 2.94 and a beta of 0.89.

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 firm posted $2.48 EPS. As a group, equities research analysts forecast that Exxon Mobil Co. will post 7.37 EPS for the current year.

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th will be paid a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 3.60%. The ex-dividend date is Wednesday, February 12th. Exxon Mobil’s dividend payout ratio (DPR) is presently 50.51%.

Wall Street Analyst Weigh In

XOM has been the subject of a number of analyst reports. Piper Sandler lowered their price objective on Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating for the company in a research report on Thursday, December 19th. The Goldman Sachs Group dropped their price objective on shares of Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $115.00 price objective on shares of Exxon Mobil in a research report on Monday, February 3rd. UBS Group cut their price target on Exxon Mobil from $149.00 to $147.00 and set a “buy” rating on the stock in a research note on Thursday, December 12th. Finally, BMO Capital Markets lowered their price objective on Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating for the company in a research report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $129.25.

Insider Activity

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of Exxon Mobil stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total value of $231,000.00. Following the sale, the vice president now owns 18,087 shares of the company’s stock, valued at approximately $1,989,570. The trade was a 10.40 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.03% of the company’s stock.

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.