Houlihan Financial Resource Group Ltd. Reduces Holdings in Exxon Mobil Co. (NYSE:XOM)

Houlihan Financial Resource Group Ltd. decreased its position in Exxon Mobil Co. (NYSE:XOMFree Report) by 97.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 7,114 shares of the oil and gas company’s stock after selling 287,409 shares during the period. Houlihan Financial Resource Group Ltd.’s holdings in Exxon Mobil were worth $781,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Intrepid Capital Management Inc. grew its stake in Exxon Mobil by 1.2% in the 2nd quarter. Intrepid Capital Management Inc. now owns 7,928 shares of the oil and gas company’s stock valued at $850,000 after buying an additional 92 shares during the last quarter. Lee Financial Co grew its stake in Exxon Mobil by 0.5% in the 2nd quarter. Lee Financial Co now owns 20,454 shares of the oil and gas company’s stock valued at $2,194,000 after buying an additional 94 shares during the last quarter. Traynor Capital Management Inc. grew its stake in Exxon Mobil by 4.2% in the 3rd quarter. Traynor Capital Management Inc. now owns 2,346 shares of the oil and gas company’s stock valued at $276,000 after buying an additional 94 shares during the last quarter. Money Concepts Capital Corp grew its stake in Exxon Mobil by 3.1% in the 3rd quarter. Money Concepts Capital Corp now owns 3,119 shares of the oil and gas company’s stock valued at $367,000 after buying an additional 95 shares during the last quarter. Finally, Defined Wealth Management LLC grew its stake in Exxon Mobil by 2.4% in the 3rd quarter. Defined Wealth Management LLC now owns 4,051 shares of the oil and gas company’s stock valued at $476,000 after buying an additional 96 shares during the last quarter. Institutional investors own 58.53% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on XOM. JPMorgan Chase & Co. reduced their price target on shares of Exxon Mobil from $134.00 to $127.00 and set an “overweight” rating for the company in a report on Friday, December 8th. Erste Group Bank reissued a “hold” rating on shares of Exxon Mobil in a report on Friday, December 22nd. Redburn Atlantic raised shares of Exxon Mobil from a “neutral” rating to a “buy” rating and increased their price target for the company from $116.00 to $119.00 in a report on Tuesday, January 9th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $120.00 price objective on shares of Exxon Mobil in a report on Monday, February 5th. Finally, Sanford C. Bernstein started coverage on shares of Exxon Mobil in a report on Tuesday, October 17th. They set an “outperform” rating and a $140.00 price objective for the company. Nine investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $127.53.

View Our Latest Research Report on Exxon Mobil

Exxon Mobil Price Performance

XOM traded up $0.75 during midday trading on Monday, hitting $102.52. The company had a trading volume of 3,859,344 shares, compared to its average volume of 18,700,311. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.09 and a current ratio of 1.48. The company has a market capitalization of $406.28 billion, a PE ratio of 11.45, a P/E/G ratio of 3.61 and a beta of 0.97. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $120.70. The firm’s 50-day simple moving average is $100.75 and its 200-day simple moving average is $106.36.

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

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 11th. Stockholders of record on Wednesday, February 14th will be given a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a dividend yield of 3.71%. The ex-dividend date is Tuesday, February 13th. Exxon Mobil’s dividend payout ratio is 42.74%.

Insider Transactions at Exxon Mobil

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

Exxon Mobil Profile

(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.

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

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