Pekin Hardy Strauss Inc. Reduces Stock Position in Exxon Mobil Corporation $XOM

Pekin Hardy Strauss Inc. cut its holdings in Exxon Mobil Corporation (NYSE:XOM) by 3.3% during the 3rd quarter, Holdings Channel reports. The firm owned 112,796 shares of the oil and gas company’s stock after selling 3,821 shares during the period. Exxon Mobil makes up approximately 1.3% of Pekin Hardy Strauss Inc.’s investment portfolio, making the stock its 11th biggest position. Pekin Hardy Strauss Inc.’s holdings in Exxon Mobil were worth $12,718,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Westfuller Advisors LLC bought a new stake in shares of Exxon Mobil in the 3rd quarter worth approximately $30,000. Bare Financial Services Inc lifted its stake in Exxon Mobil by 121.8% in the second quarter. Bare Financial Services Inc now owns 366 shares of the oil and gas company’s stock worth $39,000 after acquiring an additional 201 shares during the period. Clayton Financial Group LLC bought a new stake in Exxon Mobil in the third quarter valued at $40,000. TruNorth Capital Management LLC raised its holdings in Exxon Mobil by 1,595.2% in the 3rd quarter. TruNorth Capital Management LLC now owns 356 shares of the oil and gas company’s stock worth $40,000 after purchasing an additional 335 shares in the last quarter. Finally, Halbert Hargrove Global Advisors LLC raised its holdings in Exxon Mobil by 95.8% in the 3rd quarter. Halbert Hargrove Global Advisors LLC now owns 370 shares of the oil and gas company’s stock worth $42,000 after purchasing an additional 181 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Up 0.3%

Exxon Mobil stock opened at $151.09 on Friday. The company has a current ratio of 1.15, a quick ratio of 0.79 and a debt-to-equity ratio of 0.13. The stock has a fifty day simple moving average of $131.72 and a two-hundred day simple moving average of $119.77. Exxon Mobil Corporation has a 12 month low of $97.80 and a 12 month high of $156.93. The firm has a market cap of $637.18 billion, a price-to-earnings ratio of 22.58, a PEG ratio of 15.63 and a beta of 0.39.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, January 30th. The oil and gas company reported $1.71 earnings per share for the quarter, topping the consensus estimate of $1.63 by $0.08. The business had revenue of $80.04 billion for the quarter, compared to analysts’ expectations of $77.98 billion. Exxon Mobil had a net margin of 8.68% and a return on equity of 11.21%. The company’s revenue was down 1.3% compared to the same quarter last year. During the same quarter last year, the company posted $1.67 EPS. Equities analysts predict that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Thursday, February 12th will be given a dividend of $1.03 per share. The ex-dividend date is Thursday, February 12th. This represents a $4.12 annualized dividend and a yield of 2.7%. Exxon Mobil’s dividend payout ratio (DPR) is 61.58%.

Wall Street Analysts Forecast Growth

XOM has been the topic of a number of research reports. Royal Bank Of Canada lifted their target price on shares of Exxon Mobil from $145.00 to $150.00 and gave the company a “sector perform” rating in a research note on Monday, February 2nd. Citigroup raised their price objective on shares of Exxon Mobil from $115.00 to $118.00 and gave the stock a “neutral” rating in a report on Wednesday, December 10th. BMO Capital Markets reiterated a “market perform” rating and set a $155.00 target price on shares of Exxon Mobil in a report on Wednesday, February 4th. Zacks Research upgraded Exxon Mobil from a “strong sell” rating to a “hold” rating in a research note on Friday, January 30th. Finally, Loop Capital set a $123.00 price target on Exxon Mobil in a research report on Tuesday, February 3rd. Nine investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Exxon Mobil has a consensus rating of “Hold” and an average target price of $140.59.

Insider Activity at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 5,000 shares of the business’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $139.75, for a total transaction of $698,750.00. Following the transaction, the vice president owned 23,584 shares in the company, valued at $3,295,864. The trade was a 17.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Over the last ninety days, insiders have sold 14,230 shares of company stock valued at $1,888,421. 0.03% of the stock is currently owned by company insiders.

Exxon Mobil Profile

Exxon Mobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.