Grant GrossMendelsohn LLC cut its position in Exxon Mobil Co. (NYSE:XOM – Get Rating) by 2.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,095 shares of the oil and gas company’s stock after selling 559 shares during the quarter. Exxon Mobil comprises approximately 1.1% of Grant GrossMendelsohn LLC’s holdings, making the stock its 22nd biggest position. Grant GrossMendelsohn LLC’s holdings in Exxon Mobil were worth $2,221,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. Karp Capital Management Corp bought a new position in Exxon Mobil during the third quarter worth $28,000. Clear Perspectives Financial Planning LLC boosted its position in Exxon Mobil by 259.0% during the third quarter. Clear Perspectives Financial Planning LLC now owns 377 shares of the oil and gas company’s stock worth $33,000 after purchasing an additional 272 shares during the period. Align Wealth Management LLC bought a new position in Exxon Mobil during the fourth quarter worth $38,000. Mine & Arao Wealth Creation & Management LLC. boosted its position in Exxon Mobil by 61.7% during the third quarter. Mine & Arao Wealth Creation & Management LLC. now owns 443 shares of the oil and gas company’s stock worth $39,000 after purchasing an additional 169 shares during the period. Finally, Horizons Wealth Management bought a new position in Exxon Mobil during the second quarter worth $41,000. 57.49% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
XOM has been the subject of a number of research analyst reports. Citigroup lifted their price objective on shares of Exxon Mobil from $98.00 to $110.00 in a research report on Tuesday, November 22nd. Bank of America lifted their target price on Exxon Mobil from $136.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, February 1st. HSBC lifted their target price on Exxon Mobil to $111.00 in a report on Friday, December 2nd. Argus lifted their target price on Exxon Mobil from $128.00 to $133.00 and gave the stock a “buy” rating in a report on Thursday, February 2nd. Finally, B. Riley lifted their target price on Exxon Mobil from $128.00 to $133.00 and gave the stock a “buy” rating in a report on Thursday, February 2nd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $121.64.
Exxon Mobil Stock Performance
Exxon Mobil (NYSE:XOM – Get Rating) last released its earnings results on Tuesday, January 31st. The oil and gas company reported $3.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.32 by $0.08. The firm had revenue of $95.43 billion for the quarter, compared to analysts’ expectations of $90.21 billion. Exxon Mobil had a return on equity of 31.25% and a net margin of 13.47%. The business’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.05 earnings per share. As a group, analysts expect that Exxon Mobil Co. will post 10.08 earnings per share for the current fiscal year.
Exxon Mobil Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, March 10th. Stockholders of record on Tuesday, February 14th were issued a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 3.65%. The ex-dividend date was Monday, February 13th. Exxon Mobil’s dividend payout ratio (DPR) is currently 27.45%.
Insider Transactions at Exxon Mobil
In other news, VP Darrin L. Talley sold 2,500 shares of the business’s stock in a transaction dated Wednesday, February 1st. The stock was sold at an average price of $115.50, for a total transaction of $288,750.00. Following the sale, the vice president now directly owns 31,772 shares in the company, valued at $3,669,666. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.04% of the company’s stock.
Exxon Mobil Profile
Exxon Mobil Corp. engages in the exploration, development, and distribution of oil, gas, and petroleum products. It operates through the following segments: Upstream, Downstream and Chemical. The Upstream segment produces crude oil and natural gas. The Downstream segment manufactures and trades petroleum products.
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