Exxon Mobil Co. (NYSE:XOM) Shares Sold by LongView Wealth Management

LongView Wealth Management lowered its holdings in Exxon Mobil Co. (NYSE:XOM) by 11.1% in the fourth quarter, HoldingsChannel reports. The firm owned 20,919 shares of the oil and gas company’s stock after selling 2,610 shares during the quarter. LongView Wealth Management’s holdings in Exxon Mobil were worth $2,250,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in XOM. Eagle Capital Management LLC grew its position in shares of Exxon Mobil by 4.9% during the second quarter. Eagle Capital Management LLC now owns 2,460 shares of the oil and gas company’s stock worth $283,000 after buying an additional 114 shares in the last quarter. XTX Topco Ltd acquired a new position in Exxon Mobil during the 2nd quarter worth approximately $860,000. Retirement Investment Advisors Inc. purchased a new stake in shares of Exxon Mobil in the 2nd quarter valued at approximately $4,093,000. Benjamin F. Edwards & Company Inc. raised its holdings in shares of Exxon Mobil by 5.5% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 453,836 shares of the oil and gas company’s stock valued at $52,245,000 after purchasing an additional 23,611 shares in the last quarter. Finally, Public Employees Retirement Association of Colorado lifted its position in shares of Exxon Mobil by 9.3% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 623,264 shares of the oil and gas company’s stock worth $71,750,000 after purchasing an additional 53,046 shares during the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Price Performance

Shares of NYSE XOM opened at $112.37 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01. The company has a market cap of $493.89 billion, a PE ratio of 13.99, a P/E/G ratio of 2.70 and a beta of 0.91. The stock has a fifty day moving average price of $112.56 and a 200 day moving average price of $115.50. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $126.34.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, beating the consensus estimate of $1.91 by $0.01. The business had revenue of $90.02 billion for the quarter, compared to the consensus estimate of $93.98 billion. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The business’s quarterly revenue was down .8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.27 earnings per share. Sell-side analysts forecast that Exxon Mobil Co. will post 7.86 EPS for the current year.

Exxon Mobil Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th were paid a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.52%. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date was Thursday, November 14th. Exxon Mobil’s dividend payout ratio is 49.32%.

Analyst Ratings Changes

A number of analysts have weighed in on the company. JPMorgan Chase & Co. cut their price target on Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating on the stock in a research note on Monday, December 16th. Barclays decreased their target price on Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating for the company in a research note on Thursday, October 3rd. Scotiabank upgraded shares of Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and increased their price target for the company from $129.00 to $145.00 in a research note on Thursday, October 10th. Mizuho reduced their price objective on shares of Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating for the company in a research report on Monday, December 16th. Finally, Morgan Stanley dropped their target price on shares of Exxon Mobil from $142.00 to $140.00 in a research report on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Exxon Mobil presently has a consensus rating of “Moderate Buy” and a consensus target price of $128.84.

Exxon Mobil Company 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.