Everpar Advisors LLC Sells 1,959 Shares of Exxon Mobil Co. (NYSE:XOM)

Everpar Advisors LLC lowered its stake in Exxon Mobil Co. (NYSE:XOM) by 13.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,633 shares of the oil and gas company’s stock after selling 1,959 shares during the period. Exxon Mobil accounts for 0.7% of Everpar Advisors LLC’s holdings, making the stock its 28th largest holding. Everpar Advisors LLC’s holdings in Exxon Mobil were worth $1,359,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Tompkins Financial Corp increased its position in Exxon Mobil by 7.9% in the 4th quarter. Tompkins Financial Corp now owns 168,820 shares of the oil and gas company’s stock valued at $18,160,000 after acquiring an additional 12,417 shares during the period. Yarger Wealth Strategies LLC increased its holdings in Exxon Mobil by 35.7% in the fourth quarter. Yarger Wealth Strategies LLC now owns 2,742 shares of the oil and gas company’s stock valued at $295,000 after purchasing an additional 722 shares during the period. Woodstock Corp lifted its holdings in Exxon Mobil by 0.5% during the 4th quarter. Woodstock Corp now owns 120,157 shares of the oil and gas company’s stock worth $12,925,000 after buying an additional 576 shares during the period. Goldstone Financial Group LLC bought a new stake in shares of Exxon Mobil in the 4th quarter valued at about $449,000. Finally, Sterling Financial Group Inc. increased its stake in shares of Exxon Mobil by 3.3% in the fourth quarter. Sterling Financial Group Inc. now owns 3,439 shares of the oil and gas company’s stock valued at $370,000 after buying an additional 110 shares during the period. Institutional investors own 61.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on XOM shares. Barclays decreased their target price on shares of Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating for the company in a research report on Thursday, October 3rd. The Goldman Sachs Group upped their price target on shares of Exxon Mobil from $118.00 to $120.00 in a research report on Thursday, October 31st. Morgan Stanley lowered their price objective on Exxon Mobil from $142.00 to $140.00 in a research report on Thursday, October 31st. TD Cowen lowered their target price on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating for the company in a report on Monday, December 16th. Finally, BNP Paribas cut Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price target on the stock. in a report on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Exxon Mobil presently has an average rating of “Moderate Buy” and an average price target of $128.84.

Exxon Mobil Price Performance

XOM stock opened at $112.37 on Friday. The firm has a 50 day moving average of $112.56 and a 200-day moving average of $115.50. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $126.34. The firm has a market capitalization of $493.89 billion, a P/E ratio of 13.99, a price-to-earnings-growth ratio of 2.70 and a beta of 0.91.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.91 by $0.01. The company had revenue of $90.02 billion during the quarter, compared to analyst estimates of $93.98 billion. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The firm’s quarterly revenue was down .8% compared to the same quarter last year. During the same period in the previous year, the business earned $2.27 earnings per share. As a group, sell-side analysts predict that Exxon Mobil Co. will post 7.86 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th were paid a $0.99 dividend. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 dividend on an annualized basis and a yield of 3.52%. The ex-dividend date of this dividend was Thursday, November 14th. Exxon Mobil’s payout ratio is 49.32%.

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.