Shell Asset Management Co. Sells 21,048 Shares of Exxon Mobil Co. (NYSE:XOM)

Shell Asset Management Co. lessened its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 26.3% in the 4th quarter, HoldingsChannel.com reports. The fund owned 59,021 shares of the oil and gas company’s stock after selling 21,048 shares during the period. Shell Asset Management Co.’s holdings in Exxon Mobil were worth $6,349,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of XOM. RMR Wealth Builders raised its stake in shares of Exxon Mobil by 3.1% during the fourth quarter. RMR Wealth Builders now owns 32,042 shares of the oil and gas company’s stock valued at $3,447,000 after acquiring an additional 960 shares in the last quarter. Accurate Wealth Management LLC increased its holdings in Exxon Mobil by 2.7% during the fourth quarter. Accurate Wealth Management LLC now owns 65,612 shares of the oil and gas company’s stock valued at $6,991,000 after buying an additional 1,719 shares during the period. Pines Wealth Management LLC purchased a new position in Exxon Mobil during the fourth quarter valued at approximately $2,587,000. R.H. Investment Group LLC purchased a new position in Exxon Mobil during the fourth quarter valued at approximately $3,830,000. Finally, Floyd Financial Group LLC purchased a new position in Exxon Mobil during the fourth quarter valued at approximately $923,000. Institutional investors own 61.80% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on XOM. Scotiabank cut their price objective on shares of Exxon Mobil from $140.00 to $115.00 and set a “sector outperform” rating on the stock in a report on Friday, April 11th. Morgan Stanley cut their price objective on shares of Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating on the stock in a report on Thursday, March 27th. Argus raised shares of Exxon Mobil to a “strong-buy” rating in a report on Tuesday, February 4th. The Goldman Sachs Group cut their price target on shares of Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Finally, Mizuho cut their price target on shares of Exxon Mobil from $129.00 to $124.00 and set a “neutral” rating on the stock in a report on Tuesday. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Exxon Mobil presently has a consensus rating of “Moderate Buy” and an average price target of $125.50.

Exxon Mobil Trading Down 0.0%

NYSE:XOM opened at $108.44 on Friday. Exxon Mobil Co. has a 12 month low of $97.80 and a 12 month high of $126.34. The firm has a fifty day simple moving average of $109.00 and a 200-day simple moving average of $110.91. 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 company has a market capitalization of $467.34 billion, a P/E ratio of 13.83, a PEG ratio of 3.02 and a beta of 0.51.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.73 by $0.03. The company had revenue of $83.13 billion during the quarter, compared to the consensus estimate of $86.11 billion. Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. The firm’s quarterly revenue was up .1% on a year-over-year basis. During the same period in the previous year, the firm posted $2.06 earnings per share. On average, equities research analysts anticipate that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Thursday, May 15th will be issued a $0.99 dividend. The ex-dividend date is Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a yield of 3.65%. Exxon Mobil’s payout ratio is 52.52%.

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.