Harbor Investment Advisory LLC Sells 1,217 Shares of Exxon Mobil Co. (NYSE:XOM)

Harbor Investment Advisory LLC trimmed its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 2.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 43,702 shares of the oil and gas company’s stock after selling 1,217 shares during the quarter. Harbor Investment Advisory LLC’s holdings in Exxon Mobil were worth $4,701,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently added to or reduced their stakes in the business. Global Wealth Management Investment Advisory Inc. boosted its position in shares of Exxon Mobil by 10.7% in the third quarter. Global Wealth Management Investment Advisory Inc. now owns 47,195 shares of the oil and gas company’s stock worth $5,532,000 after purchasing an additional 4,578 shares during the period. Massmutual Trust Co. FSB ADV lifted its holdings in shares of Exxon Mobil by 4.7% in the third quarter. Massmutual Trust Co. FSB ADV now owns 133,140 shares of the oil and gas company’s stock worth $15,607,000 after buying an additional 5,985 shares in the last quarter. Helen Stephens Group LLC lifted its holdings in shares of Exxon Mobil by 7.3% in the fourth quarter. Helen Stephens Group LLC now owns 41,637 shares of the oil and gas company’s stock worth $4,479,000 after buying an additional 2,825 shares in the last quarter. Brooklyn Investment Group lifted its holdings in shares of Exxon Mobil by 36.8% in the third quarter. Brooklyn Investment Group now owns 25,127 shares of the oil and gas company’s stock worth $2,945,000 after buying an additional 6,753 shares in the last quarter. Finally, Parthenon LLC lifted its holdings in shares of Exxon Mobil by 2.4% in the third quarter. Parthenon LLC now owns 191,590 shares of the oil and gas company’s stock worth $22,458,000 after buying an additional 4,445 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on XOM shares. Bank of America started coverage on shares of Exxon Mobil in a research note on Thursday, October 17th. They set a “neutral” rating and a $124.00 price target on the stock. Morgan Stanley reduced their target price on shares of Exxon Mobil from $142.00 to $140.00 in a research note on Thursday, October 31st. UBS Group reduced their target price on shares of Exxon Mobil from $149.00 to $147.00 and set a “buy” rating on the stock in a research note on Thursday, December 12th. Scotiabank raised shares of Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and increased their target price for the company from $129.00 to $145.00 in a research note on Thursday, October 10th. Finally, Wolfe Research increased their target price on shares of Exxon Mobil from $137.00 to $138.00 in a research note on Thursday, October 31st. One research analyst has rated the stock with a sell rating, seven have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $128.84.

Exxon Mobil Stock Down 1.8 %

Shares of Exxon Mobil stock opened at $109.46 on Thursday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01. Exxon Mobil Co. has a 1 year low of $96.73 and a 1 year high of $126.34. The firm’s 50-day moving average is $112.22 and its two-hundred day moving average is $115.48. The stock has a market cap of $481.07 billion, a price-to-earnings ratio of 13.63, a PEG ratio of 2.98 and a beta of 0.91.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.91 by $0.01. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The company had revenue of $90.02 billion for the quarter, compared to analysts’ expectations of $93.98 billion. During the same period in the prior year, the business earned $2.27 EPS. The firm’s quarterly revenue was down .8% on a year-over-year basis. As a group, research analysts expect that Exxon Mobil Co. will post 7.77 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th were issued a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.62%. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date of this dividend was Thursday, November 14th. Exxon Mobil’s dividend payout ratio is presently 49.32%.

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.