Forum Private Client Group LLC Reduces Stake in Exxon Mobil Co. (NYSE:XOM)

Forum Private Client Group LLC reduced its position in shares of Exxon Mobil Co. (NYSE:XOM) by 8.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,189 shares of the oil and gas company’s stock after selling 196 shares during the period. Forum Private Client Group LLC’s holdings in Exxon Mobil were worth $236,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the business. Rockline Wealth Management LLC boosted its position in Exxon Mobil by 6.1% during the fourth quarter. Rockline Wealth Management LLC now owns 25,918 shares of the oil and gas company’s stock valued at $2,788,000 after buying an additional 1,498 shares during the period. Renasant Bank grew its holdings in shares of Exxon Mobil by 5.0% during the 4th quarter. Renasant Bank now owns 10,369 shares of the oil and gas company’s stock worth $1,115,000 after acquiring an additional 493 shares during the period. Helen Stephens Group LLC boosted its holdings in shares of Exxon Mobil by 7.3% during the 4th quarter. Helen Stephens Group LLC now owns 41,637 shares of the oil and gas company’s stock valued at $4,479,000 after buying an additional 2,825 shares in the last quarter. Hartford Funds Management Co LLC purchased a new stake in Exxon Mobil in the fourth quarter worth about $543,000. Finally, Coldstream Capital Management Inc. boosted its holdings in Exxon Mobil by 13.7% in the third quarter. Coldstream Capital Management Inc. now owns 135,660 shares of the oil and gas company’s stock worth $15,936,000 after acquiring an additional 16,392 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the business’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 sale, the vice president now directly owns 18,087 shares in the company, valued at $1,989,570. This represents a 10.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.03% of the stock is owned by corporate insiders.

Analyst Ratings Changes

XOM has been the topic of several analyst reports. Morgan Stanley lowered their price objective on Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating on the stock in a research report on Thursday, March 27th. HSBC decreased 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 report on Friday, January 31st. The Goldman Sachs Group reduced their target price on shares of Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating for the company in a report on Friday, January 31st. Scotiabank decreased their price target on Exxon Mobil from $145.00 to $140.00 in a report on Friday, January 31st. Finally, Argus upgraded 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 issued a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $128.80.

Exxon Mobil Trading Down 7.3 %

Shares of XOM stock opened at $104.17 on Friday. Exxon Mobil Co. has a 1-year low of $103.67 and a 1-year high of $126.34. The firm has a market cap of $452.01 billion, a PE ratio of 13.29, a price-to-earnings-growth ratio of 3.02 and a beta of 0.60. The company has a 50-day moving average of $111.16 and a two-hundred day moving average of $113.81. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97.

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 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 posted $2.48 EPS. On average, analysts predict that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors 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 annualized dividend and a dividend yield of 3.80%. Exxon Mobil’s dividend payout ratio is presently 50.51%.

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.