MONECO Advisors LLC Cuts Position in Exxon Mobil Co. (NYSE:XOM)

MONECO Advisors LLC lessened its holdings in Exxon Mobil Co. (NYSE:XOM) by 5.2% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 35,844 shares of the oil and gas company’s stock after selling 1,979 shares during the period. MONECO Advisors LLC’s holdings in Exxon Mobil were worth $3,856,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of XOM. Pacer Advisors Inc. boosted its stake in shares of Exxon Mobil by 1,524.1% in the 4th quarter. Pacer Advisors Inc. now owns 5,445,922 shares of the oil and gas company’s stock worth $585,818,000 after buying an additional 5,110,603 shares during the last quarter. Franklin Resources Inc. raised its holdings in shares of Exxon Mobil by 16.3% in the 3rd quarter. Franklin Resources Inc. now owns 31,522,556 shares of the oil and gas company’s stock worth $3,936,929,000 after purchasing an additional 4,415,012 shares during the period. Strategic Financial Concepts LLC raised its holdings in shares of Exxon Mobil by 11,131.0% in the 4th quarter. Strategic Financial Concepts LLC now owns 1,792,811 shares of the oil and gas company’s stock worth $192,853,000 after purchasing an additional 1,776,848 shares during the period. Geode Capital Management LLC raised its holdings in shares of Exxon Mobil by 1.8% in the 3rd quarter. Geode Capital Management LLC now owns 92,194,981 shares of the oil and gas company’s stock worth $10,777,735,000 after purchasing an additional 1,622,064 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its holdings in shares of Exxon Mobil by 9.0% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 18,328,008 shares of the oil and gas company’s stock worth $2,148,409,000 after purchasing an additional 1,512,694 shares during the period. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Down 1.4 %

XOM opened at $109.75 on Wednesday. The company has a fifty day moving average price of $108.69 and a 200-day moving average price of $114.37. The firm has a market capitalization of $476.20 billion, a P/E ratio of 14.00, a price-to-earnings-growth ratio of 3.02 and a beta of 0.89. 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 Co. has a one year low of $103.05 and a one year high of $126.34.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (EPS) 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 in the previous year, the business earned $2.48 earnings per share. Equities research analysts expect that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Wednesday, February 12th will be given a $0.99 dividend. The ex-dividend date is Wednesday, February 12th. This represents a $3.96 annualized dividend and a yield of 3.61%. Exxon Mobil’s dividend payout ratio (DPR) is presently 50.51%.

Insider Buying and Selling

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the company’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 completion of 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 transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.03% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on XOM. Morgan Stanley lifted their price target on shares of Exxon Mobil from $139.00 to $140.00 in a report on Friday, January 31st. UBS Group lowered their price target on shares of Exxon Mobil from $149.00 to $147.00 and set a “buy” rating on the stock in a report on Thursday, December 12th. BMO Capital Markets lowered their price target on shares of Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating on the stock in a report on Friday, January 31st. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $115.00 price target on shares of Exxon Mobil in a report on Monday, February 3rd. Finally, Wells Fargo & Company lowered their price target on shares of Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating on the stock in a report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $129.25.

Exxon Mobil 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.