Exxon Mobil Co. (NYSE:XOM) Stake Lowered by Legacy Financial Advisors Inc.

Legacy Financial Advisors Inc. cut its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 8.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 27,694 shares of the oil and gas company’s stock after selling 2,424 shares during the quarter. Legacy Financial Advisors Inc.’s holdings in Exxon Mobil were worth $2,979,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Redwood Park Advisors LLC acquired a new stake in Exxon Mobil in the fourth quarter worth approximately $213,000. Bank of Hawaii lifted its position in shares of Exxon Mobil by 0.4% during the 4th quarter. Bank of Hawaii now owns 49,057 shares of the oil and gas company’s stock valued at $5,277,000 after acquiring an additional 198 shares during the last quarter. Scotia Capital Inc. lifted its holdings in shares of Exxon Mobil by 7.0% in the fourth quarter. Scotia Capital Inc. now owns 260,220 shares of the oil and gas company’s stock valued at $27,995,000 after purchasing an additional 17,051 shares in the last quarter. F M Investments LLC lifted its holdings in shares of Exxon Mobil by 14.6% in the fourth quarter. F M Investments LLC now owns 136,529 shares of the oil and gas company’s stock valued at $14,686,000 after purchasing an additional 17,418 shares in the last quarter. Finally, Estabrook Capital Management lifted its holdings in shares of Exxon Mobil by 1.2% in the fourth quarter. Estabrook Capital Management now owns 77,452 shares of the oil and gas company’s stock valued at $8,332,000 after purchasing an additional 915 shares in the last quarter. 61.80% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on XOM shares. UBS Group reduced their target price on Exxon Mobil from $146.00 to $135.00 and set a “buy” rating for the company in a report on Monday. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $115.00 price target on shares of Exxon Mobil in a research note on Monday, February 3rd. HSBC dropped their price target on shares of Exxon Mobil from $125.00 to $123.00 and set a “hold” rating on the stock in a research note on Friday, January 31st. Scotiabank lowered their target price on shares of Exxon Mobil from $145.00 to $140.00 in a research report on Friday, January 31st. Finally, Argus raised shares of Exxon Mobil to a “strong-buy” rating in a research report on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Exxon Mobil currently has a consensus rating of “Moderate Buy” and a consensus target price of $128.20.

Insiders Place Their Bets

In other 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 transaction of $231,000.00. Following the transaction, the vice president now directly owns 18,087 shares of the company’s stock, valued at $1,989,570. This trade represents a 10.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.03% of the company’s stock.

Exxon Mobil Stock Up 5.2 %

Shares of XOM opened at $106.00 on Thursday. The stock has a market cap of $459.95 billion, a price-to-earnings ratio of 13.52, a P/E/G ratio of 3.02 and a beta of 0.61. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. Exxon Mobil Co. has a 12 month low of $98.13 and a 12 month high of $126.34. The company has a 50-day moving average price of $110.61 and a two-hundred day moving average price of $113.39.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 earnings per share for the quarter, missing the consensus estimate 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 business posted $2.48 EPS. Equities analysts predict that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Wednesday, February 12th were issued a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.74%. The ex-dividend date was Wednesday, February 12th. Exxon Mobil’s dividend payout ratio is currently 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.