New England Asset Management Inc. Sells 4,200 Shares of Exxon Mobil Co. (NYSE:XOM)

New England Asset Management Inc. trimmed its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 9.9% in the fourth quarter, Holdings Channel.com reports. The fund owned 38,295 shares of the oil and gas company’s stock after selling 4,200 shares during the quarter. New England Asset Management Inc.’s holdings in Exxon Mobil were worth $4,119,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Fairway Wealth LLC bought a new position in Exxon Mobil during the 4th quarter valued at about $31,000. Keystone Financial Group Inc. bought a new position in Exxon Mobil during the 4th quarter valued at about $36,000. Retirement Wealth Solutions LLC bought a new position in Exxon Mobil during the 4th quarter valued at about $46,000. Compass Planning Associates Inc bought a new position in Exxon Mobil during the 4th quarter valued at about $47,000. Finally, Synergy Investment Management LLC bought a new position in Exxon Mobil during the 4th quarter valued at about $47,000. 61.80% of the stock is owned by institutional investors.

Exxon Mobil Stock Performance

Shares of XOM stock opened at $109.04 on Tuesday. The firm has a market capitalization of $469.90 billion, a PE ratio of 13.91, a price-to-earnings-growth ratio of 3.02 and a beta of 0.51. The firm has a fifty day simple moving average of $109.04 and a two-hundred day simple moving average of $111.01. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. Exxon Mobil Co. has a 12 month low of $97.80 and a 12 month high of $126.34.

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

Exxon Mobil Announces Dividend

The business also recently declared 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. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.63%. The ex-dividend date of this dividend is Thursday, May 15th. Exxon Mobil’s dividend payout ratio (DPR) is currently 52.52%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Argus raised shares of Exxon Mobil to a “strong-buy” rating in a report on Tuesday, February 4th. HSBC lowered their price objective on shares of Exxon Mobil from $125.00 to $123.00 and set a “hold” rating for the company in a research report on Friday, January 31st. The Goldman Sachs Group lowered their price objective on shares of Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. Wells Fargo & Company lowered their price objective on shares of Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating for the company in a research report on Monday, February 3rd. Finally, Barclays lowered their price objective on shares of Exxon Mobil from $130.00 to $127.00 and set an “overweight” rating for the company in a research report on Monday, May 5th. 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 assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $125.85.

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.