Wulff Hansen & CO. Reduces Stock Position in Exxon Mobil Co. (NYSE:XOM)

Wulff Hansen & CO. trimmed its stake in Exxon Mobil Co. (NYSE:XOM – Get Rating) by 56.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,221 shares of the oil and gas company’s stock after selling 13,110 shares during the period. Wulff Hansen & CO.’s holdings in Exxon Mobil were worth $892,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Financial Management Network Inc. lifted its position in shares of Exxon Mobil by 6.0% in the 3rd quarter. Financial Management Network Inc. now owns 6,347 shares of the oil and gas company’s stock worth $605,000 after purchasing an additional 362 shares during the period. Salomon & Ludwin LLC lifted its position in shares of Exxon Mobil by 62.2% in the 3rd quarter. Salomon & Ludwin LLC now owns 15,079 shares of the oil and gas company’s stock worth $1,317,000 after purchasing an additional 5,783 shares during the period. Stock Yards Bank & Trust Co. lifted its position in Exxon Mobil by 2.5% during the 3rd quarter. Stock Yards Bank & Trust Co. now owns 314,533 shares of the oil and gas company’s stock valued at $27,462,000 after acquiring an additional 7,808 shares during the period. Smith Shellnut Wilson LLC ADV lifted its position in Exxon Mobil by 2.5% during the 3rd quarter. Smith Shellnut Wilson LLC ADV now owns 7,698 shares of the oil and gas company’s stock valued at $672,000 after acquiring an additional 188 shares during the period. Finally, Coastline Trust Co lifted its position in Exxon Mobil by 5.8% during the 3rd quarter. Coastline Trust Co now owns 7,561 shares of the oil and gas company’s stock valued at $661,000 after acquiring an additional 415 shares during the period. 57.49% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,500 shares of Exxon Mobil stock in a transaction that occurred on Monday, October 31st. The shares were sold at an average price of $110.47, for a total transaction of $276,175.00. Following the transaction, the vice president now owns 25,363 shares of the company’s stock, valued at $2,801,850.61. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.04% of the company’s stock.

Exxon Mobil Stock Performance

Shares of NYSE XOM opened at $113.81 on Wednesday. The firm has a 50 day moving average of $109.54 and a 200 day moving average of $101.20. The company has a current ratio of 1.34, a quick ratio of 1.02 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $468.70 billion, a price-to-earnings ratio of 9.29, a price-to-earnings-growth ratio of 0.48 and a beta of 1.11. Exxon Mobil Co. has a 12-month low of $71.39 and a 12-month high of $126.54.

Exxon Mobil (NYSE:XOM – Get Rating) last issued its quarterly earnings results on Friday, October 28th. The oil and gas company reported $4.45 earnings per share for the quarter, beating the consensus estimate of $3.88 by $0.57. Exxon Mobil had a net margin of 12.86% and a return on equity of 29.52%. The business had revenue of $112.07 billion for the quarter, compared to the consensus estimate of $102.96 billion. During the same quarter in the previous year, the firm earned $1.58 earnings per share. The company’s revenue for the quarter was up 51.9% on a year-over-year basis. On average, research analysts anticipate that Exxon Mobil Co. will post 13.92 earnings per share for the current year.

Exxon Mobil Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 9th. Shareholders of record on Tuesday, November 15th were issued a dividend of $0.91 per share. The ex-dividend date was Monday, November 14th. This represents a $3.64 annualized dividend and a yield of 3.20%. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.88. Exxon Mobil’s payout ratio is currently 29.71%.

Analysts Set New Price Targets

A number of research firms have weighed in on XOM. Mizuho upgraded shares of Exxon Mobil from a “neutral” rating to a “buy” rating and raised their price objective for the company from $90.00 to $140.00 in a research note on Tuesday, January 10th. BNP Paribas upgraded shares of Exxon Mobil from an “underperform” rating to a “neutral” rating and set a $115.00 price objective for the company in a research note on Tuesday, November 1st. Wells Fargo & Company raised their price objective on shares of Exxon Mobil from $120.00 to $122.00 and gave the company an “overweight” rating in a research note on Tuesday, January 10th. Credit Suisse Group raised their price objective on shares of Exxon Mobil to $130.00 in a research note on Tuesday, November 1st. Finally, Redburn Partners lowered shares of Exxon Mobil from a “neutral” rating to a “sell” rating in a research note on Wednesday, January 18th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat, Exxon Mobil has an average rating of “Moderate Buy” and a consensus target price of $114.35.

About Exxon Mobil

(Get Rating)

Exxon Mobil Corp. engages in the exploration, development, and distribution of oil, gas, and petroleum products. It operates through the following segments: Upstream, Downstream and Chemical. The Upstream segment produces crude oil and natural gas. The Downstream segment manufactures and trades petroleum products.