HF Advisory Group LLC Trims Holdings in Exxon Mobil Co. (NYSE:XOM)

HF Advisory Group LLC decreased its holdings in Exxon Mobil Co. (NYSE:XOM) by 1.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,456 shares of the oil and gas company’s stock after selling 115 shares during the period. HF Advisory Group LLC’s holdings in Exxon Mobil were worth $1,145,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. KB Financial Partners LLC bought a new position in shares of Exxon Mobil during the 1st quarter worth $27,000. IMA Wealth Inc. grew its position in shares of Exxon Mobil by 720.0% during the 2nd quarter. IMA Wealth Inc. now owns 369 shares of the oil and gas company’s stock worth $40,000 after buying an additional 324 shares in the last quarter. FWL Investment Management LLC bought a new stake in Exxon Mobil during the fourth quarter valued at about $43,000. Studio Investment Management LLC bought a new stake in Exxon Mobil during the fourth quarter valued at about $49,000. Finally, Turim 21 Investimentos Ltda. boosted its position in Exxon Mobil by 222.5% during the first quarter. Turim 21 Investimentos Ltda. now owns 574 shares of the oil and gas company’s stock valued at $47,000 after purchasing an additional 396 shares in the last quarter. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Trading Up 1.2 %

Shares of NYSE:XOM opened at $119.90 on Friday. Exxon Mobil Co. has a 52-week low of $95.77 and a 52-week high of $123.75. The stock has a market cap of $474.60 billion, a price-to-earnings ratio of 13.49, a PEG ratio of 4.07 and a beta of 0.96. The company has a quick ratio of 1.09, a current ratio of 1.48 and a debt-to-equity ratio of 0.18. The business has a 50-day moving average price of $111.55 and a 200-day moving average price of $106.33.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, February 2nd. The oil and gas company reported $2.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.20 by $0.28. Exxon Mobil had a return on equity of 18.51% and a net margin of 10.45%. The firm had revenue of $84.34 billion during the quarter, compared to analysts’ expectations of $90.03 billion. During the same period last year, the business posted $3.40 earnings per share. The company’s revenue for the quarter was down 11.6% compared to the same quarter last year. Equities analysts predict that Exxon Mobil Co. will post 9.7 EPS for the current year.

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Wednesday, February 14th were given a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 3.17%. The ex-dividend date of this dividend was Tuesday, February 13th. Exxon Mobil’s dividend payout ratio is currently 42.74%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Barclays assumed coverage on Exxon Mobil in a research report on Wednesday, April 10th. They set an “overweight” rating and a $147.00 price objective on the stock. Wells Fargo & Company raised their price objective on Exxon Mobil from $126.00 to $138.00 and gave the company an “overweight” rating in a research report on Thursday, April 4th. TD Cowen raised their price objective on Exxon Mobil from $115.00 to $120.00 and gave the company a “buy” rating in a research report on Monday, April 1st. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $120.00 price objective on shares of Exxon Mobil in a research report on Monday, February 5th. Finally, Erste Group Bank reaffirmed a “hold” rating on shares of Exxon Mobil in a research report on Friday, December 22nd. Nine equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $132.28.

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,400 shares of Exxon Mobil stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total transaction of $252,000.00. Following the completion of the transaction, the vice president now directly owns 30,189 shares in the company, valued at $3,169,845. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.06% of the stock is owned by company insiders.

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.