Hazlett Burt & Watson Inc. lowered its stake in shares of Exxon Mobil Co. (NYSE:XOM – Get Rating) by 23.5% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 24,558 shares of the oil and gas company’s stock after selling 7,523 shares during the quarter. Exxon Mobil accounts for 2.4% of Hazlett Burt & Watson Inc.’s portfolio, making the stock its 5th biggest position. Hazlett Burt & Watson Inc.’s holdings in Exxon Mobil were worth $2,710,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also bought and sold shares of XOM. Karp Capital Management Corp purchased a new position in Exxon Mobil during the third quarter worth about $28,000. Clear Perspectives Financial Planning LLC lifted its position in shares of Exxon Mobil by 259.0% during the 3rd quarter. Clear Perspectives Financial Planning LLC now owns 377 shares of the oil and gas company’s stock worth $33,000 after buying an additional 272 shares in the last quarter. Align Wealth Management LLC purchased a new position in shares of Exxon Mobil in the 4th quarter worth approximately $38,000. Mine & Arao Wealth Creation & Management LLC. grew its holdings in shares of Exxon Mobil by 61.7% in the third quarter. Mine & Arao Wealth Creation & Management LLC. now owns 443 shares of the oil and gas company’s stock valued at $39,000 after acquiring an additional 169 shares in the last quarter. Finally, Horizons Wealth Management bought a new position in shares of Exxon Mobil in the second quarter valued at approximately $41,000. 57.49% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several equities research analysts have recently issued reports on XOM shares. Scotiabank raised Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and raised their target price for the company from $120.00 to $135.00 in a research report on Tuesday, January 17th. B. Riley lifted their price objective on shares of Exxon Mobil from $128.00 to $133.00 and gave the stock a “buy” rating in a research report on Thursday, February 2nd. Barclays lifted their price target on shares of Exxon Mobil from $111.00 to $129.00 and gave the stock an “overweight” rating in a report on Tuesday, January 3rd. StockNews.com began coverage on Exxon Mobil in a research report on Thursday, March 16th. They issued a “hold” rating for the company. Finally, Cowen upped their price target on Exxon Mobil from $108.00 to $113.00 and gave the company a “market perform” rating in a research report on Thursday, February 2nd. One analyst has rated the stock with a sell rating, seven have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Exxon Mobil currently has a consensus rating of “Moderate Buy” and a consensus target price of $121.64.
Exxon Mobil Trading Down 1.7 %
Exxon Mobil (NYSE:XOM – Get Rating) last issued its quarterly earnings results on Tuesday, January 31st. The oil and gas company reported $3.40 earnings per share (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 during the quarter, compared to the consensus estimate of $90.21 billion. During the same quarter last year, the company posted $2.05 EPS. The company’s revenue for the quarter was up 12.3% on a year-over-year basis. On average, equities research analysts anticipate that Exxon Mobil Co. will post 9.98 EPS for the current fiscal year.
Exxon Mobil Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, March 10th. Investors of record on Tuesday, February 14th were paid a $0.91 dividend. The ex-dividend date was Monday, February 13th. This represents a $3.64 dividend on an annualized basis and a yield of 3.16%. Exxon Mobil’s dividend payout ratio is presently 27.45%.
Insider Activity at Exxon Mobil
In other 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 value of $288,750.00. Following the completion of the transaction, the vice president now directly owns 31,772 shares in the company, valued at approximately $3,669,666. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.04% of the stock is owned by insiders.
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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