Herbst Group LLC Trims Holdings in Exxon Mobil Corporation $XOM

Herbst Group LLC lowered its stake in shares of Exxon Mobil Corporation (NYSE:XOMFree Report) by 83.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 2,600 shares of the oil and gas company’s stock after selling 13,465 shares during the quarter. Herbst Group LLC’s holdings in Exxon Mobil were worth $313,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Westfuller Advisors LLC bought a new position in shares of Exxon Mobil during the third quarter worth about $30,000. Clayton Financial Group LLC bought a new stake in Exxon Mobil in the third quarter valued at about $40,000. TruNorth Capital Management LLC raised its stake in Exxon Mobil by 1,595.2% during the third quarter. TruNorth Capital Management LLC now owns 356 shares of the oil and gas company’s stock valued at $40,000 after buying an additional 335 shares in the last quarter. Halbert Hargrove Global Advisors LLC raised its stake in Exxon Mobil by 95.8% during the third quarter. Halbert Hargrove Global Advisors LLC now owns 370 shares of the oil and gas company’s stock valued at $42,000 after buying an additional 181 shares in the last quarter. Finally, Marquette Asset Management LLC lifted its holdings in Exxon Mobil by 307.0% during the 3rd quarter. Marquette Asset Management LLC now owns 407 shares of the oil and gas company’s stock worth $46,000 after buying an additional 307 shares during the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, VP Darrin L. Talley sold 5,000 shares of the business’s stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $139.75, for a total value of $698,750.00. Following the sale, the vice president owned 23,584 shares of the company’s stock, valued at approximately $3,295,864. The trade was a 17.49% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In the last 90 days, insiders sold 11,460 shares of company stock worth $1,687,854. 0.03% of the stock is currently owned by company insiders.

Exxon Mobil Stock Down 0.0%

XOM stock opened at $160.63 on Friday. The firm’s 50-day moving average is $152.53 and its two-hundred day moving average is $129.84. The company has a market capitalization of $669.31 billion, a price-to-earnings ratio of 24.01, a price-to-earnings-growth ratio of 1.11 and a beta of 0.29. Exxon Mobil Corporation has a 52 week low of $97.80 and a 52 week high of $176.41. The company has a current ratio of 1.15, a quick ratio of 0.79 and a debt-to-equity ratio of 0.13.

Exxon Mobil (NYSE:XOMGet Free Report) last posted its quarterly earnings data on Friday, January 30th. The oil and gas company reported $1.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $0.08. Exxon Mobil had a net margin of 8.68% and a return on equity of 11.21%. The business had revenue of $80.04 billion during the quarter, compared to analysts’ expectations of $77.98 billion. During the same period last year, the firm posted $1.67 earnings per share. The business’s revenue was down 1.3% on a year-over-year basis. On average, analysts forecast that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Thursday, February 12th were paid a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend was Thursday, February 12th. Exxon Mobil’s dividend payout ratio (DPR) is presently 61.58%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on XOM shares. Royal Bank Of Canada lifted their target price on Exxon Mobil from $145.00 to $150.00 and gave the stock a “sector perform” rating in a research report on Monday, February 2nd. Mizuho increased their price target on Exxon Mobil from $140.00 to $162.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 17th. Bank of America raised their price target on Exxon Mobil from $135.00 to $151.00 and gave the stock a “neutral” rating in a report on Monday, March 2nd. Barclays upped their price objective on Exxon Mobil from $145.00 to $163.00 and gave the stock an “overweight” rating in a research note on Monday, March 16th. Finally, Citigroup increased their target price on Exxon Mobil from $150.00 to $175.00 and gave the stock a “neutral” rating in a research report on Thursday. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $152.39.

Read Our Latest Research Report on XOM

Key Stories Impacting Exxon Mobil

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Exxon Mobil Profile

(Free Report)

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.

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

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