Exxon Mobil Co. (NYSE:XOM) Shares Sold by Cozad Asset Management Inc.

Cozad Asset Management Inc. trimmed its position in Exxon Mobil Co. (NYSE:XOM) by 2.0% in the fourth quarter, Holdings Channel reports. The firm owned 13,437 shares of the oil and gas company’s stock after selling 275 shares during the quarter. Cozad Asset Management Inc.’s holdings in Exxon Mobil were worth $1,343,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of XOM. Keener Financial Planning LLC acquired a new position in Exxon Mobil in the fourth quarter worth about $80,000. Orion Capital Management LLC acquired a new position in Exxon Mobil in the third quarter valued at approximately $91,000. Authentikos Wealth Advisory LLC acquired a new position in Exxon Mobil in the third quarter valued at approximately $92,000. TFO Wealth Partners LLC boosted its stake in Exxon Mobil by 118.5% in the third quarter. TFO Wealth Partners LLC now owns 968 shares of the oil and gas company’s stock valued at $104,000 after acquiring an additional 525 shares during the period. Finally, Sumitomo Mitsui Financial Group Inc. boosted its stake in Exxon Mobil by 851.6% in the third quarter. Sumitomo Mitsui Financial Group Inc. now owns 885 shares of the oil and gas company’s stock valued at $106,000 after acquiring an additional 792 shares during the period. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Trading Down 1.2 %

Exxon Mobil stock opened at $118.22 on Wednesday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.06 and a current ratio of 1.38. The firm has a market cap of $467.95 billion, a price-to-earnings ratio of 14.49, a price-to-earnings-growth ratio of 4.14 and a beta of 0.96. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $123.75. The firm’s 50 day moving average price is $113.96 and its two-hundred day moving average price is $106.79.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, April 26th. The oil and gas company reported $2.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.19 by ($0.13). The business had revenue of $83.08 billion during the quarter, compared to analyst estimates of $79.69 billion. Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The company’s quarterly revenue was down 4.0% compared to the same quarter last year. During the same quarter last year, the firm posted $2.83 EPS. On average, research analysts predict that Exxon Mobil Co. will post 9.62 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th will be given a $0.95 dividend. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $3.80 annualized dividend and a yield of 3.21%. Exxon Mobil’s dividend payout ratio (DPR) is 46.57%.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 2,426 shares of Exxon Mobil stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $119.01, for a total transaction of $288,718.26. Following the transaction, the vice president now directly owns 25,363 shares in the company, valued at approximately $3,018,450.63. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other Exxon Mobil news, VP Darrin L. Talley sold 2,400 shares of Exxon Mobil stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $105.00, for a total transaction of $252,000.00. Following the transaction, the vice president now directly owns 30,189 shares in the company, valued at approximately $3,169,845. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Darrin L. Talley sold 2,426 shares of the business’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $119.01, for a total transaction of $288,718.26. Following the transaction, the vice president now owns 25,363 shares in the company, valued at $3,018,450.63. The disclosure for this sale can be found here. Corporate insiders own 0.03% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on XOM shares. Barclays started coverage on Exxon Mobil in a research note on Wednesday, April 10th. They issued an “overweight” rating and a $147.00 target price for the company. TD Cowen lifted their price target on Exxon Mobil from $128.00 to $135.00 and gave the company a “buy” rating in a report on Tuesday. HSBC lifted their price target on Exxon Mobil from $111.00 to $120.00 and gave the company a “hold” rating in a report on Tuesday. Wells Fargo & Company lifted their price target on Exxon Mobil from $138.00 to $142.00 and gave the company an “overweight” rating in a report on Tuesday. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $120.00 price target on shares of Exxon Mobil in a report on Monday, February 5th. Nine equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, Exxon Mobil has a consensus rating of “Moderate Buy” and an average price target of $133.56.

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.