Harmony Asset Management LLC Sells 9,226 Shares of Exxon Mobil Co. (NYSE:XOM)

Harmony Asset Management LLC reduced its stake in Exxon Mobil Co. (NYSE:XOM) by 33.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,633 shares of the oil and gas company’s stock after selling 9,226 shares during the period. Harmony Asset Management LLC’s holdings in Exxon Mobil were worth $2,004,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Quantinno Capital Management LP boosted its stake in shares of Exxon Mobil by 24.1% in the fourth quarter. Quantinno Capital Management LP now owns 570,158 shares of the oil and gas company’s stock valued at $61,332,000 after buying an additional 110,772 shares during the period. Accredited Wealth Management LLC bought a new stake in shares of Exxon Mobil in the fourth quarter valued at approximately $55,000. Rockline Wealth Management LLC boosted its stake in shares of Exxon Mobil by 6.1% in 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 boosted its stake in shares of Exxon Mobil by 5.0% in the fourth quarter. Renasant Bank now owns 10,369 shares of the oil and gas company’s stock valued at $1,115,000 after buying an additional 493 shares during the period. Finally, Paradigm Capital Management LLC NV boosted its stake in shares of Exxon Mobil by 1.6% in the fourth quarter. Paradigm Capital Management LLC NV now owns 14,244 shares of the oil and gas company’s stock valued at $1,532,000 after buying an additional 227 shares during the period. 61.80% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Morgan Stanley cut their target price on Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating for the company in a research note on Thursday, March 27th. Wells Fargo & Company cut their target price on Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating for the company in a research note on Monday, February 3rd. HSBC cut their target price on Exxon Mobil from $125.00 to $123.00 and set a “hold” rating for the company in a research note on Friday, January 31st. The Goldman Sachs Group cut their target price on Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. Finally, Barclays cut their target price on Exxon Mobil from $130.00 to $127.00 and set an “overweight” rating for the company in a research note on Monday, May 5th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $125.50.

Exxon Mobil Stock Down 1.1%

Shares of NYSE:XOM opened at $103.77 on Thursday. The company has a fifty day moving average of $108.69 and a 200-day moving average of $110.62. The company has a market capitalization of $447.22 billion, a PE ratio of 13.24, a price-to-earnings-growth ratio of 3.02 and a beta of 0.51. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. Exxon Mobil Co. has a 52-week low of $97.80 and a 52-week high of $126.34.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.73 by $0.03. The business had revenue of $83.13 billion during the quarter, compared to the consensus estimate of $86.11 billion. Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. Exxon Mobil’s quarterly revenue was up .1% on a year-over-year basis. During the same period in the prior year, the business posted $2.06 earnings per share. On average, equities analysts predict that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Thursday, May 15th will be issued a $0.99 dividend. The ex-dividend date is Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a yield of 3.82%. Exxon Mobil’s payout ratio is 52.52%.

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.