Vestcor Inc Trims Stake in Exxon Mobil Co. (NYSE:XOM)

Vestcor Inc lowered its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 55.1% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 83,140 shares of the oil and gas company’s stock after selling 102,144 shares during the period. Vestcor Inc’s holdings in Exxon Mobil were worth $8,943,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Fairway Wealth LLC purchased a new position in shares of Exxon Mobil during the fourth quarter valued at about $31,000. Keystone Financial Group Inc. purchased a new position in shares of Exxon Mobil during the fourth quarter valued at about $36,000. Retirement Wealth Solutions LLC bought a new stake in Exxon Mobil during the fourth quarter worth about $46,000. Compass Planning Associates Inc bought a new stake in Exxon Mobil during the fourth quarter worth about $47,000. Finally, Peterson Financial Group Inc. bought a new stake in Exxon Mobil during the third quarter worth about $51,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Performance

Shares of NYSE XOM opened at $109.12 on Thursday. The firm has a fifty day moving average price of $109.24 and a 200-day moving average price of $113.77. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. The stock has a market cap of $473.47 billion, a PE ratio of 13.92, a price-to-earnings-growth ratio of 3.02 and a beta of 0.83. Exxon Mobil Co. has a 1 year low of $103.67 and a 1 year high of $126.34.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (EPS) 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 in the previous year, the firm earned $2.48 earnings per share. Equities 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 was paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th were issued a $0.99 dividend. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a yield of 3.63%. Exxon Mobil’s dividend payout ratio is currently 50.51%.

Analyst Ratings Changes

Several equities research analysts recently commented on XOM shares. 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 note on Friday, January 31st. BMO Capital Markets dropped their price objective on shares of 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. JPMorgan Chase & Co. dropped their price objective on shares of Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating on the stock in a research note on Monday, December 16th. Wells Fargo & Company dropped their price objective on shares of Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating on the stock in a research note on Monday, February 3rd. Finally, Bernstein Bank boosted their price objective on shares of Exxon Mobil from $138.00 to $144.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Exxon Mobil has a consensus rating of “Moderate Buy” and an average price target of $129.25.

Insider Buying and Selling at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of Exxon Mobil 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 sale, the vice president now directly owns 18,087 shares in the company, valued at approximately $1,989,570. The trade was a 10.40 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.03% of the stock is currently owned by insiders.

Exxon Mobil 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.