InTrack Investment Management Inc Decreases Position in Exxon Mobil Co. (NYSE:XOM)

InTrack Investment Management Inc decreased its stake in Exxon Mobil Co. (NYSE:XOM) by 59.3% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,116 shares of the oil and gas company’s stock after selling 7,450 shares during the quarter. InTrack Investment Management Inc’s holdings in Exxon Mobil were worth $561,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Lake Street Private Wealth LLC lifted its position in Exxon Mobil by 4.2% in the fourth quarter. Lake Street Private Wealth LLC now owns 51,617 shares of the oil and gas company’s stock worth $5,552,000 after buying an additional 2,067 shares during the last quarter. Dakota Community Bank & Trust NA raised its stake in shares of Exxon Mobil by 7.8% in the fourth quarter. Dakota Community Bank & Trust NA now owns 3,462 shares of the oil and gas company’s stock valued at $372,000 after acquiring an additional 250 shares during the period. Holland Advisory Services Inc. lifted its holdings in shares of Exxon Mobil by 2.4% in the 4th quarter. Holland Advisory Services Inc. now owns 5,844 shares of the oil and gas company’s stock worth $629,000 after acquiring an additional 135 shares during the last quarter. Retirement Wealth Solutions LLC bought a new stake in shares of Exxon Mobil in the 4th quarter worth about $46,000. Finally, O Keefe Stevens Advisory Inc. boosted its stake in shares of Exxon Mobil by 8.5% during the 4th quarter. O Keefe Stevens Advisory Inc. now owns 26,090 shares of the oil and gas company’s stock worth $2,807,000 after purchasing an additional 2,045 shares during the period. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Up 0.9 %

Exxon Mobil stock opened at $112.37 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. The firm has a market cap of $493.89 billion, a P/E ratio of 13.99, a P/E/G ratio of 2.70 and a beta of 0.91. The business has a fifty day moving average of $112.56 and a two-hundred day moving average of $115.50. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $126.34.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, topping analysts’ consensus estimates of $1.91 by $0.01. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The firm had revenue of $90.02 billion during the quarter, compared to analysts’ expectations of $93.98 billion. During the same period in the prior year, the business posted $2.27 EPS. The firm’s quarterly revenue was down .8% on a year-over-year basis. On average, analysts forecast that Exxon Mobil Co. will post 7.86 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

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

Analysts Set New Price Targets

XOM has been the topic of a number of recent analyst reports. Wells Fargo & Company increased their price objective on shares of Exxon Mobil from $135.00 to $136.00 and gave the stock an “overweight” rating in a research report on Friday, September 27th. Barclays reduced their price target on Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating on the stock in a report on Thursday, October 3rd. BMO Capital Markets boosted their price objective on Exxon Mobil from $127.00 to $130.00 and gave the company a “market perform” rating in a report on Friday, October 4th. TD Cowen reduced their target price on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating on the stock in a research note on Monday, December 16th. Finally, Redburn Atlantic reissued a “neutral” rating and set a $120.00 target price (up from $119.00) on shares of Exxon Mobil in a research note on Tuesday, September 24th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $128.84.

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.