Raab & Moskowitz Asset Management LLC Decreases Stake in Exxon Mobil Co. (NYSE:XOM)

Raab & Moskowitz Asset Management LLC reduced its stake in Exxon Mobil Co. (NYSE:XOM) by 0.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 22,578 shares of the oil and gas company’s stock after selling 191 shares during the quarter. Raab & Moskowitz Asset Management LLC’s holdings in Exxon Mobil were worth $2,257,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. Atlas Brown Inc. grew its stake in shares of Exxon Mobil by 0.3% during the 3rd quarter. Atlas Brown Inc. now owns 43,363 shares of the oil and gas company’s stock worth $5,099,000 after purchasing an additional 144 shares during the period. Fifth Third Wealth Advisors LLC grew its stake in shares of Exxon Mobil by 95.9% during the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 23,035 shares of the oil and gas company’s stock worth $2,708,000 after purchasing an additional 11,276 shares during the period. Avior Wealth Management LLC grew its stake in shares of Exxon Mobil by 2.7% during the 3rd quarter. Avior Wealth Management LLC now owns 47,576 shares of the oil and gas company’s stock worth $5,594,000 after purchasing an additional 1,238 shares during the period. Founders Financial Securities LLC grew its stake in shares of Exxon Mobil by 3.7% during the 3rd quarter. Founders Financial Securities LLC now owns 22,931 shares of the oil and gas company’s stock worth $2,696,000 after purchasing an additional 817 shares during the period. Finally, SJS Investment Consulting Inc. grew its stake in shares of Exxon Mobil by 5.2% during the 3rd quarter. SJS Investment Consulting Inc. now owns 6,674 shares of the oil and gas company’s stock worth $785,000 after purchasing an additional 328 shares during the period. 61.80% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Trading Down 2.8 %

NYSE XOM traded down $3.37 during trading on Friday, hitting $117.96. The stock had a trading volume of 27,289,468 shares, compared to its average volume of 16,002,832. The company has a market capitalization of $466.92 billion, a PE ratio of 13.27, a PEG ratio of 4.17 and a beta of 0.96. The company has a quick ratio of 1.09, a current ratio of 1.48 and a debt-to-equity ratio of 0.18. The firm has a 50 day moving average price of $113.33 and a 200 day moving average price of $106.67. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $123.75.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, April 26th. The oil and gas company reported $2.06 EPS for the quarter, missing analysts’ consensus estimates of $2.19 by ($0.13). Exxon Mobil had a return on equity of 18.51% and a net margin of 10.45%. The company had revenue of $83.08 billion for the quarter, compared to analyst estimates of $79.69 billion. During the same period in the prior year, the firm posted $2.83 earnings per share. The business’s quarterly revenue was down 4.0% compared to the same quarter last year. As a group, equities research analysts forecast that Exxon Mobil Co. will post 9.7 earnings per share for the current year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Wednesday, May 15th will be issued a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a yield of 3.22%. The ex-dividend date of this dividend is Tuesday, May 14th. Exxon Mobil’s dividend payout ratio (DPR) is 42.74%.

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,400 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total value of $252,000.00. Following the completion of the transaction, the vice president now directly owns 30,189 shares of the company’s stock, valued at $3,169,845. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.03% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on XOM shares. Royal Bank of Canada reissued a “sector perform” rating and issued a $120.00 price target on shares of Exxon Mobil in a research note on Monday, February 5th. Redburn Atlantic raised shares of Exxon Mobil from a “neutral” rating to a “buy” rating and lifted their price target for the company from $116.00 to $119.00 in a research note on Tuesday, January 9th. Barclays started coverage on shares of Exxon Mobil in a research note on Wednesday, April 10th. They issued an “overweight” rating and a $147.00 price target on the stock. TD Cowen lifted their price target on shares of Exxon Mobil from $115.00 to $120.00 and gave the company a “buy” rating in a research note on Monday, April 1st. Finally, Scotiabank lifted their target price on shares of Exxon Mobil from $114.00 to $129.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 11th. Eight analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $132.28.

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.