Courier Capital LLC Sells 5,298 Shares of Exxon Mobil Co. (NYSE:XOM)

Courier Capital LLC cut its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 5.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 91,946 shares of the oil and gas company’s stock after selling 5,298 shares during the period. Courier Capital LLC’s holdings in Exxon Mobil were worth $9,193,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. KB Financial Partners LLC purchased a new position in shares of Exxon Mobil during the first quarter worth $27,000. IMA Wealth Inc. increased its stake in shares of Exxon Mobil by 720.0% during the second quarter. IMA Wealth Inc. now owns 369 shares of the oil and gas company’s stock worth $40,000 after purchasing an additional 324 shares in the last quarter. FWL Investment Management LLC purchased a new stake in shares of Exxon Mobil during the fourth quarter worth about $43,000. DHJJ Financial Advisors Ltd. purchased a new stake in shares of Exxon Mobil during the third quarter worth about $49,000. Finally, Studio Investment Management LLC purchased a new stake in shares of Exxon Mobil during the fourth quarter worth about $49,000. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Stock Up 1.1 %

Shares of NYSE:XOM opened at $115.05 on Thursday. The company has a market cap of $456.50 billion, a price-to-earnings ratio of 12.94, a PEG ratio of 4.17 and a beta of 0.96. The firm’s 50-day simple moving average is $104.98 and its 200-day simple moving average is $105.89. The company has a quick ratio of 1.09, a current ratio of 1.48 and a debt-to-equity ratio of 0.18. Exxon Mobil Co. has a fifty-two week low of $95.77 and a fifty-two week high of $120.70.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, February 2nd. The oil and gas company reported $2.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.20 by $0.28. Exxon Mobil had a return on equity of 18.51% and a net margin of 10.45%. The firm had revenue of $84.34 billion for the quarter, compared to analyst estimates of $90.03 billion. During the same quarter in the prior year, the company earned $3.40 EPS. Exxon Mobil’s revenue was down 11.6% on a year-over-year basis. As a group, equities research analysts predict that Exxon Mobil Co. will post 9.11 earnings per share for the current year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Wednesday, February 14th were issued a dividend of $0.95 per share. The ex-dividend date of this dividend was Tuesday, February 13th. This represents a $3.80 annualized dividend and a dividend yield of 3.30%. Exxon Mobil’s payout ratio is currently 42.74%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on XOM. Mizuho boosted their target price on shares of Exxon Mobil from $119.00 to $125.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 19th. Redburn Atlantic raised shares of Exxon Mobil from a “neutral” rating to a “buy” rating and upped their price objective for the company from $116.00 to $119.00 in a research note on Tuesday, January 9th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $120.00 price objective on shares of Exxon Mobil in a research note on Monday, February 5th. UBS Group dropped their price objective on shares of Exxon Mobil from $133.00 to $132.00 and set a “buy” rating for the company in a research note on Tuesday, January 23rd. Finally, Erste Group Bank reaffirmed a “hold” rating on shares of Exxon Mobil in a research note on Friday, December 22nd. Nine equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $128.18.

Insider Buying and Selling

In other Exxon Mobil news, VP Darrin L. Talley sold 2,400 shares of the business’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total transaction of $252,000.00. Following the transaction, the vice president now owns 30,189 shares in the company, valued at $3,169,845. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 0.06% of the company’s stock.

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.