Integral Investment Advisors Inc. cut its holdings in shares of Exxon Mobil Co. (NYSE:XOM – Free Report) by 7.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,708 shares of the oil and gas company’s stock after selling 377 shares during the period. Integral Investment Advisors Inc.’s holdings in Exxon Mobil were worth $506,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in the business. MCF Advisors LLC lifted its position in Exxon Mobil by 0.9% in the third quarter. MCF Advisors LLC now owns 20,940 shares of the oil and gas company’s stock worth $2,455,000 after purchasing an additional 194 shares during the period. GHP Investment Advisors Inc. lifted its position in Exxon Mobil by 5.4% in the third quarter. GHP Investment Advisors Inc. now owns 59,807 shares of the oil and gas company’s stock worth $7,011,000 after purchasing an additional 3,067 shares during the period. Modera Wealth Management LLC lifted its position in Exxon Mobil by 4.5% in the third quarter. Modera Wealth Management LLC now owns 73,403 shares of the oil and gas company’s stock worth $8,604,000 after purchasing an additional 3,162 shares during the period. DekaBank Deutsche Girozentrale lifted its position in Exxon Mobil by 20.4% in the third quarter. DekaBank Deutsche Girozentrale now owns 2,172,524 shares of the oil and gas company’s stock worth $250,470,000 after purchasing an additional 367,601 shares during the period. Finally, Smith Salley Wealth Management lifted its position in Exxon Mobil by 2.5% in the third quarter. Smith Salley Wealth Management now owns 56,332 shares of the oil and gas company’s stock worth $6,603,000 after purchasing an additional 1,368 shares during the period. 61.80% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
XOM has been the subject of a number of research analyst reports. Argus upgraded Exxon Mobil to a “strong-buy” rating in a research report on Tuesday, February 4th. The Goldman Sachs Group cut their price objective on Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. TD Cowen cut their price objective on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating for the company in a research report on Monday, December 16th. JPMorgan Chase & Co. cut their price objective on Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating for the company in a research report on Monday, December 16th. Finally, Wolfe Research increased their price objective on Exxon Mobil from $137.00 to $138.00 in a research report on Thursday, October 31st. One analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $129.25.
Insider Transactions at Exxon Mobil
In related news, VP Darrin L. Talley sold 2,100 shares of the company’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total value of $231,000.00. Following the completion of the sale, the vice president now directly owns 18,087 shares in the company, valued at approximately $1,989,570. This represents a 10.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.03% of the stock is currently owned by company insiders.
Exxon Mobil Trading Down 1.4 %
NYSE XOM opened at $109.75 on Wednesday. Exxon Mobil Co. has a 1-year low of $103.05 and a 1-year high of $126.34. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $476.20 billion, a PE ratio of 14.00, a price-to-earnings-growth ratio of 3.02 and a beta of 0.89. The firm’s fifty day simple moving average is $108.69 and its 200-day simple moving average is $114.37.
Exxon Mobil (NYSE:XOM – Get Free Report) last posted its quarterly earnings results 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 return on equity of 12.92% and a net margin of 9.63%. During the same quarter last year, the company earned $2.48 earnings per share. As a group, sell-side analysts anticipate that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.
Exxon Mobil Announces Dividend
The business also recently declared 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 dividend on an annualized basis and a dividend yield of 3.61%. The ex-dividend date of this dividend is Wednesday, February 12th. Exxon Mobil’s dividend payout ratio (DPR) is presently 50.51%.
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.
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