Exchange Capital Management Inc. Reduces Stake in Exxon Mobil Co. (NYSE:XOM)

Exchange Capital Management Inc. lessened its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 2.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 33,131 shares of the oil and gas company’s stock after selling 981 shares during the period. Exchange Capital Management Inc.’s holdings in Exxon Mobil were worth $3,564,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. Commonwealth Retirement Investments LLC raised its holdings in Exxon Mobil by 1.8% during the fourth quarter. Commonwealth Retirement Investments LLC now owns 76,067 shares of the oil and gas company’s stock worth $8,182,000 after purchasing an additional 1,333 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of Exxon Mobil by 14.4% in the 4th quarter. Bank of New York Mellon Corp now owns 43,983,110 shares of the oil and gas company’s stock valued at $4,731,263,000 after buying an additional 5,538,694 shares during the last quarter. EdgeRock Capital LLC raised its stake in Exxon Mobil by 3.8% during the 4th quarter. EdgeRock Capital LLC now owns 4,222 shares of the oil and gas company’s stock worth $454,000 after acquiring an additional 156 shares in the last quarter. Hendley & Co. Inc. lifted its position in Exxon Mobil by 2.4% in the fourth quarter. Hendley & Co. Inc. now owns 19,902 shares of the oil and gas company’s stock valued at $2,141,000 after acquiring an additional 470 shares during the last quarter. Finally, Brown Financial Advisors boosted its stake in Exxon Mobil by 3.2% in the fourth quarter. Brown Financial Advisors now owns 4,261 shares of the oil and gas company’s stock valued at $458,000 after acquiring an additional 131 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Insider Activity

In related news, VP Darrin L. Talley sold 2,100 shares of the business’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total transaction of $231,000.00. Following the sale, the vice president now owns 18,087 shares of the company’s stock, valued at approximately $1,989,570. The trade was a 10.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.03% of the company’s stock.

Exxon Mobil Price Performance

Shares of XOM opened at $110.06 on Friday. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. The stock’s 50 day moving average is $108.84 and its two-hundred day moving average is $114.31. Exxon Mobil Co. has a twelve month low of $104.00 and a twelve month high of $126.34. The firm has a market capitalization of $477.58 billion, a PE ratio of 14.04, a P/E/G ratio of 3.02 and a beta of 0.89.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share for the quarter, missing analysts’ consensus estimates of $1.77 by ($0.10). Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. During the same period in the previous year, the company earned $2.48 earnings per share. Research analysts anticipate that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th will be paid a dividend of $0.99 per share. The ex-dividend date is Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.60%. Exxon Mobil’s dividend payout ratio (DPR) is presently 50.51%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on XOM. TD Cowen cut their target price on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating on the stock in a research report on Monday, December 16th. BMO Capital Markets cut their price target on Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating on the stock in a research report on Friday, January 31st. Argus raised Exxon Mobil to a “strong-buy” rating in a report on Tuesday, February 4th. Mizuho cut their target price 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, Scotiabank reduced their price target on shares of Exxon Mobil from $145.00 to $140.00 in a research report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $129.25.

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.