Private Harbour Investment Management & Counsel LLC Has $5.01 Million Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Private Harbour Investment Management & Counsel LLC reduced its stake in Exxon Mobil Co. (NYSE:XOM) by 4.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 46,615 shares of the oil and gas company’s stock after selling 2,267 shares during the period. Exxon Mobil comprises approximately 5.5% of Private Harbour Investment Management & Counsel LLC’s investment portfolio, making the stock its 4th largest position. Private Harbour Investment Management & Counsel LLC’s holdings in Exxon Mobil were worth $5,014,000 as of its most recent SEC filing.

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

Exxon Mobil Stock Up 0.7 %

XOM stock opened at $116.61 on Wednesday. Exxon Mobil Co. has a twelve month low of $103.67 and a twelve month high of $126.34. The firm has a market capitalization of $505.99 billion, a PE ratio of 14.87, a PEG ratio of 3.02 and a beta of 0.83. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. The stock has a 50-day simple moving average of $110.36 and a two-hundred day simple moving average of $113.61.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share for the quarter, missing analysts’ consensus estimates 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 prior year, the business posted $2.48 EPS. On average, equities analysts predict that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Wednesday, February 12th were given a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.40%. The ex-dividend date of this dividend was Wednesday, February 12th. Exxon Mobil’s payout ratio is 50.51%.

Insiders Place Their Bets

In other news, VP Darrin L. Talley sold 2,100 shares of the business’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total transaction of $231,000.00. Following the completion of the transaction, the vice president now owns 18,087 shares of the company’s stock, valued at approximately $1,989,570. The trade was a 10.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.03% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on XOM. Wells Fargo & Company dropped their price objective on Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating on the stock in a research note on Monday, February 3rd. The Goldman Sachs Group reduced their price target 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. Barclays dropped their price objective on shares of Exxon Mobil from $137.00 to $135.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 18th. UBS Group decreased their price objective on Exxon Mobil from $149.00 to $147.00 and set a “buy” rating for the company in a report on Thursday, December 12th. Finally, Morgan Stanley lifted their target price on Exxon Mobil from $139.00 to $140.00 in a research report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Exxon Mobil presently has a consensus rating of “Moderate Buy” and a consensus price target of $129.15.

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.