Mcdonald Partners LLC decreased its stake in shares of Exxon Mobil Co. (NYSE:XOM – Get Rating) by 8.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 52,236 shares of the oil and gas company’s stock after selling 4,794 shares during the quarter. Exxon Mobil comprises about 2.0% of Mcdonald Partners LLC’s portfolio, making the stock its 7th biggest holding. Mcdonald Partners LLC’s holdings in Exxon Mobil were worth $5,762,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also recently made changes to their positions in the stock. Wealthquest Corp increased its position in shares of Exxon Mobil by 1.4% during the 3rd quarter. Wealthquest Corp now owns 6,629 shares of the oil and gas company’s stock worth $578,000 after purchasing an additional 89 shares during the last quarter. FourThought Financial LLC boosted its stake in shares of Exxon Mobil by 0.3% during the 3rd quarter. FourThought Financial LLC now owns 31,022 shares of the oil and gas company’s stock worth $2,709,000 after acquiring an additional 94 shares during the period. Wilson & Boucher Capital Management LLC boosted its stake in shares of Exxon Mobil by 1.8% during the 3rd quarter. Wilson & Boucher Capital Management LLC now owns 5,445 shares of the oil and gas company’s stock worth $475,000 after acquiring an additional 95 shares during the period. Blooom Inc. boosted its stake in shares of Exxon Mobil by 0.8% during the 3rd quarter. Blooom Inc. now owns 12,226 shares of the oil and gas company’s stock worth $1,082,000 after acquiring an additional 97 shares during the period. Finally, OneAscent Wealth Management LLC boosted its stake in shares of Exxon Mobil by 1.5% during the 3rd quarter. OneAscent Wealth Management LLC now owns 6,749 shares of the oil and gas company’s stock worth $589,000 after acquiring an additional 97 shares during the period. Institutional investors and hedge funds own 57.49% of the company’s stock.
Insider Activity at Exxon Mobil
In related news, VP Darrin L. Talley sold 2,500 shares of the company’s stock in a transaction dated Wednesday, February 1st. The stock was sold at an average price of $115.50, for a total transaction of $288,750.00. Following the sale, the vice president now owns 31,772 shares in the company, valued at approximately $3,669,666. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.04% of the stock is owned by corporate insiders.
Exxon Mobil Trading Up 2.2 %
Exxon Mobil (NYSE:XOM – Get Rating) last released its quarterly earnings results on Tuesday, January 31st. The oil and gas company reported $3.40 EPS for the quarter, beating analysts’ consensus estimates of $3.32 by $0.08. Exxon Mobil had a return on equity of 31.25% and a net margin of 13.47%. The firm had revenue of $95.43 billion for the quarter, compared to analyst estimates of $90.21 billion. During the same quarter in the previous year, the company posted $2.05 EPS. The business’s revenue was up 12.3% on a year-over-year basis. On average, analysts expect that Exxon Mobil Co. will post 10.08 EPS for the current year.
Exxon Mobil Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, March 10th. Investors of record on Tuesday, February 14th were given a dividend of $0.91 per share. The ex-dividend date was Monday, February 13th. This represents a $3.64 annualized dividend and a dividend yield of 3.44%. Exxon Mobil’s payout ratio is 27.45%.
Analyst Upgrades and Downgrades
Several research firms recently issued reports on XOM. HSBC boosted their price target on Exxon Mobil to $111.00 in a research note on Friday, December 2nd. Mizuho boosted their price target on Exxon Mobil from $140.00 to $147.00 in a research note on Friday, March 10th. Barclays lifted their price objective on Exxon Mobil from $111.00 to $129.00 and gave the company an “overweight” rating in a report on Tuesday, January 3rd. Scotiabank raised Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and lifted their price objective for the company from $120.00 to $135.00 in a report on Tuesday, January 17th. Finally, Bank of America boosted their price target on Exxon Mobil from $136.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, February 1st. One research analyst has rated the stock with a sell rating, seven have given a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat.com, Exxon Mobil presently has a consensus rating of “Moderate Buy” and a consensus target price of $121.64.
About Exxon Mobil
Exxon Mobil Corp. engages in the exploration, development, and distribution of oil, gas, and petroleum products. It operates through the following segments: Upstream, Downstream and Chemical. The Upstream segment produces crude oil and natural gas. The Downstream segment manufactures and trades petroleum products.
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