Investment House LLC Trims Stake in Exxon Mobil Co. (NYSE:XOM)

Investment House LLC lowered its stake in shares of Exxon Mobil Co. (NYSE:XOMFree Report) by 4.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,848 shares of the oil and gas company’s stock after selling 252 shares during the period. Investment House LLC’s holdings in Exxon Mobil were worth $570,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Intrepid Capital Management Inc. raised its position in Exxon Mobil by 1.2% in the second quarter. Intrepid Capital Management Inc. now owns 7,928 shares of the oil and gas company’s stock valued at $850,000 after purchasing an additional 92 shares during the period. Lee Financial Co raised its position in Exxon Mobil by 0.5% in the second quarter. Lee Financial Co now owns 20,454 shares of the oil and gas company’s stock valued at $2,194,000 after purchasing an additional 94 shares during the period. Traynor Capital Management Inc. raised its position in Exxon Mobil by 4.2% in the third quarter. Traynor Capital Management Inc. now owns 2,346 shares of the oil and gas company’s stock valued at $276,000 after purchasing an additional 94 shares during the period. Money Concepts Capital Corp raised its position in Exxon Mobil by 3.1% in the third quarter. Money Concepts Capital Corp now owns 3,119 shares of the oil and gas company’s stock valued at $367,000 after purchasing an additional 95 shares during the period. Finally, Defined Wealth Management LLC raised its position in Exxon Mobil by 2.4% in the third quarter. Defined Wealth Management LLC now owns 4,051 shares of the oil and gas company’s stock valued at $476,000 after purchasing an additional 96 shares during the period. Institutional investors and hedge funds own 58.53% of the company’s stock.

Exxon Mobil Trading Down 2.1 %

NYSE:XOM opened at $101.77 on Monday. The stock has a 50-day simple moving average of $100.75 and a 200-day simple moving average of $106.36. The stock has a market cap of $403.31 billion, a P/E ratio of 11.45, a P/E/G ratio of 3.61 and a beta of 0.97. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $120.70. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.09 and a current ratio of 1.48.

Exxon Mobil (NYSE:XOMGet Free Report) last released its quarterly earnings data on Friday, February 2nd. The oil and gas company reported $2.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.20 by $0.28. The business had revenue of $84.34 billion during the quarter, compared to analysts’ expectations of $90.03 billion. Exxon Mobil had a return on equity of 18.51% and a net margin of 10.45%. The business’s quarterly revenue was down 11.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.40 EPS. As a group, analysts anticipate that Exxon Mobil Co. will post 9.39 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 11th. Investors of record on Wednesday, February 14th will be given a $0.95 dividend. The ex-dividend date is Tuesday, February 13th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.73%. Exxon Mobil’s dividend payout ratio (DPR) is presently 42.74%.

Wall Street Analysts Forecast Growth

XOM has been the topic of a number of research analyst reports. JPMorgan Chase & Co. reduced their target price on Exxon Mobil from $134.00 to $127.00 and set an “overweight” rating on the stock in a research report on Friday, December 8th. Sanford C. Bernstein initiated coverage on Exxon Mobil in a report on Tuesday, October 17th. They issued an “outperform” rating and a $140.00 price objective on the stock. Erste Group Bank reiterated a “hold” rating on shares of Exxon Mobil in a report on Friday, December 22nd. TD Cowen upgraded Exxon Mobil from a “market perform” rating to an “outperform” rating and set a $115.00 price objective on the stock in a report on Tuesday, January 23rd. Finally, Mizuho downgraded Exxon Mobil from a “buy” rating to a “neutral” rating and set a $117.00 price objective on the stock. in a report on Wednesday, January 3rd. Nine analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $127.53.

Get Our Latest Report on XOM

Insider Activity at Exxon Mobil

In related news, Director Jeffrey W. Ubben sold 2,077,000 shares of the company’s stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $104.06, for a total value of $216,132,620.00. Following the completion of the sale, the director now directly owns 13,000 shares of the company’s stock, valued at approximately $1,352,780. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, Director Jeffrey W. Ubben sold 2,077,000 shares of the company’s stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $104.06, for a total value of $216,132,620.00. Following the completion of the sale, the director now directly owns 13,000 shares of the company’s stock, valued at approximately $1,352,780. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Leonard M. Fox sold 12,000 shares of the company’s stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $102.65, for a total value of $1,231,800.00. Following the completion of the sale, the vice president now directly owns 220,678 shares of the company’s stock, valued at $22,652,596.70. The disclosure for this sale can be found here. Insiders own 0.04% of the company’s stock.

About Exxon Mobil

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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