Investment Advisory Group LLC Sells 431 Shares of Exxon Mobil Co. (NYSE:XOM)

Investment Advisory Group LLC trimmed its position in Exxon Mobil Co. (NYSE:XOM) by 3.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 12,343 shares of the oil and gas company’s stock after selling 431 shares during the period. Investment Advisory Group LLC’s holdings in Exxon Mobil were worth $1,328,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in XOM. Hershey Financial Advisers LLC purchased a new position in Exxon Mobil during the second quarter valued at $46,000. Retirement Wealth Solutions LLC bought a new position in shares of Exxon Mobil during the 4th quarter valued at approximately $46,000. Peterson Financial Group Inc. purchased a new stake in Exxon Mobil in the 3rd quarter worth approximately $51,000. Highline Wealth Partners LLC purchased a new position in Exxon Mobil during the third quarter valued at approximately $54,000. Finally, Harbor Capital Advisors Inc. bought a new position in shares of Exxon Mobil in the third quarter worth approximately $63,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Wolfe Research raised their price objective on shares of Exxon Mobil from $137.00 to $138.00 in a research report on Thursday, October 31st. BNP Paribas cut Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price target on the stock. in a report on Wednesday, October 9th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $115.00 price objective on shares of Exxon Mobil in a report on Thursday, December 12th. Mizuho reduced their price target on shares of Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating on the stock in a report on Monday, December 16th. Finally, The Goldman Sachs Group raised their price objective on Exxon Mobil from $118.00 to $120.00 in a research report on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $128.84.

Exxon Mobil Price Performance

XOM stock opened at $108.64 on Friday. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. Exxon Mobil Co. has a 12 month low of $99.61 and a 12 month high of $126.34. The stock has a market cap of $477.48 billion, a PE ratio of 13.53, a P/E/G ratio of 2.86 and a beta of 0.91. The company has a 50-day moving average price of $111.77 and a 200 day moving average price of $115.41.

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

Exxon Mobil Increases Dividend

The business 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 is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.65%. The ex-dividend date of this dividend was Thursday, November 14th. Exxon Mobil’s payout ratio is currently 49.32%.

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.