Thurston Springer Miller Herd & Titak Inc. Has $156,000 Stake in Exxon Mobil Corporation $XOM

Thurston Springer Miller Herd & Titak Inc. trimmed its holdings in shares of Exxon Mobil Corporation (NYSE:XOM) by 95.9% in the third quarter, Holdings Channel.com reports. The fund owned 1,384 shares of the oil and gas company’s stock after selling 32,203 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.’s holdings in Exxon Mobil were worth $156,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Eagle Capital Management LLC raised its holdings in Exxon Mobil by 15.3% during the 1st quarter. Eagle Capital Management LLC now owns 2,836 shares of the oil and gas company’s stock worth $337,000 after purchasing an additional 376 shares during the last quarter. Algert Global LLC grew its position in shares of Exxon Mobil by 8.9% during the 1st quarter. Algert Global LLC now owns 23,269 shares of the oil and gas company’s stock worth $2,767,000 after buying an additional 1,895 shares during the period. JT Stratford LLC grew its position in shares of Exxon Mobil by 9.5% during the 1st quarter. JT Stratford LLC now owns 5,603 shares of the oil and gas company’s stock worth $666,000 after buying an additional 485 shares during the period. Erste Asset Management GmbH raised its stake in shares of Exxon Mobil by 62.2% during the first quarter. Erste Asset Management GmbH now owns 36,650 shares of the oil and gas company’s stock worth $4,315,000 after buying an additional 14,055 shares during the last quarter. Finally, Frisch Financial Group Inc. lifted its holdings in Exxon Mobil by 12.6% in the first quarter. Frisch Financial Group Inc. now owns 11,777 shares of the oil and gas company’s stock valued at $1,401,000 after buying an additional 1,320 shares during the period. Institutional investors own 61.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on XOM shares. Citigroup increased their price target on Exxon Mobil from $115.00 to $118.00 and gave the company a “neutral” rating in a research note on Wednesday, December 10th. BNP Paribas Exane raised Exxon Mobil from an “underperform” rating to a “neutral” rating and set a $114.00 target price on the stock in a research note on Monday, December 8th. Barclays reduced their target price on Exxon Mobil from $127.00 to $126.00 and set an “overweight” rating on the stock in a report on Tuesday, October 7th. Cowen reaffirmed a “buy” rating on shares of Exxon Mobil in a research note on Friday, December 12th. Finally, Melius Research started coverage on shares of Exxon Mobil in a research report on Wednesday, August 20th. They issued a “hold” rating and a $111.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and thirteen have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $129.45.

Exxon Mobil Price Performance

Shares of XOM opened at $117.28 on Thursday. The company has a 50 day moving average of $115.74 and a 200-day moving average of $112.52. The company has a quick ratio of 0.79, a current ratio of 1.14 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $494.57 billion, a P/E ratio of 17.05, a P/E/G ratio of 7.24 and a beta of 0.38. Exxon Mobil Corporation has a twelve month low of $97.80 and a twelve month high of $120.81.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, June 17th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter. Exxon Mobil had a return on equity of 11.22% and a net margin of 8.99%.The business had revenue of $57.55 billion for the quarter. As a group, equities research analysts forecast that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Friday, November 14th were issued a dividend of $1.03 per share. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.99. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date was Friday, November 14th. Exxon Mobil’s dividend payout ratio is presently 59.88%.

Insider Transactions at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 3,000 shares of the stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $118.75, for a total transaction of $356,250.00. Following the transaction, the vice president owned 31,584 shares in the company, valued at $3,750,600. This represents a 8.67% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.03% of the stock is owned by company insiders.

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.