Exxon Mobil Co. (NYSE:XOM) Shares Sold by Amalgamated Bank

Amalgamated Bank decreased its position in Exxon Mobil Co. (NYSE:XOM) by 3.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 869,321 shares of the oil and gas company’s stock after selling 26,444 shares during the period. Exxon Mobil comprises approximately 0.8% of Amalgamated Bank’s investment portfolio, making the stock its 17th biggest holding. Amalgamated Bank’s holdings in Exxon Mobil were worth $93,513,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Keystone Financial Group Inc. acquired a new stake in shares of Exxon Mobil during the fourth quarter worth about $36,000. Retirement Wealth Solutions LLC purchased a new position in Exxon Mobil during the 4th quarter worth approximately $46,000. Compass Planning Associates Inc acquired a new stake in Exxon Mobil during the 4th quarter valued at approximately $47,000. Compass Financial Services Inc purchased a new stake in shares of Exxon Mobil in the 4th quarter valued at $48,000. Finally, Peterson Financial Group Inc. purchased a new stake in shares of Exxon Mobil in the 3rd quarter valued at $51,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Trading Up 0.6 %

Shares of Exxon Mobil stock opened at $110.06 on Friday. Exxon Mobil Co. has a twelve month low of $104.00 and a twelve month high of $126.34. The firm’s 50-day moving average price is $108.84 and its 200 day moving average price is $114.31. 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 firm has a market capitalization of $477.58 billion, a PE ratio of 14.04, a P/E/G ratio of 3.02 and a beta of 0.89.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results 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 period last year, the business earned $2.48 earnings per share. On average, sell-side analysts predict that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

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

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. UBS Group decreased their target price on shares of Exxon Mobil from $149.00 to $147.00 and set a “buy” rating for the company in a research report on Thursday, December 12th. Royal Bank of Canada reissued a “sector perform” rating and issued a $115.00 price objective on shares of Exxon Mobil in a report on Monday, February 3rd. BMO Capital Markets lowered their target price on 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. Morgan Stanley boosted their price target on Exxon Mobil from $139.00 to $140.00 in a report on Friday, January 31st. Finally, Wolfe Research upped their price objective on Exxon Mobil from $137.00 to $138.00 in a research report on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, 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 dated Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total transaction of $231,000.00. Following the completion of the sale, the vice president now owns 18,087 shares of the company’s stock, valued at approximately $1,989,570. This represents a 10.40 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.03% of the company’s stock.

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.