Noesis Capital Mangement Corp Has $984,000 Stock Position in Exxon Mobil Co. (NYSE:XOM)

Noesis Capital Mangement Corp cut its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 26.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,838 shares of the oil and gas company’s stock after selling 3,550 shares during the quarter. Noesis Capital Mangement Corp’s holdings in Exxon Mobil were worth $984,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Pointe Capital Management LLC grew its position in Exxon Mobil by 1.6% in the 4th quarter. Pointe Capital Management LLC now owns 7,524 shares of the oil and gas company’s stock worth $752,000 after purchasing an additional 119 shares during the last quarter. TCG Advisory Services LLC lifted its position in shares of Exxon Mobil by 49.9% in the 4th quarter. TCG Advisory Services LLC now owns 114,876 shares of the oil and gas company’s stock worth $11,485,000 after acquiring an additional 38,259 shares during the period. Forte Capital LLC ADV grew its holdings in shares of Exxon Mobil by 1.7% during the 4th quarter. Forte Capital LLC ADV now owns 18,235 shares of the oil and gas company’s stock worth $1,823,000 after purchasing an additional 306 shares in the last quarter. Vestmark Advisory Solutions Inc. increased its position in shares of Exxon Mobil by 58.4% during the fourth quarter. Vestmark Advisory Solutions Inc. now owns 16,633 shares of the oil and gas company’s stock valued at $1,663,000 after purchasing an additional 6,130 shares during the period. Finally, Royal Fund Management LLC raised its stake in shares of Exxon Mobil by 5.6% in the fourth quarter. Royal Fund Management LLC now owns 7,338 shares of the oil and gas company’s stock valued at $734,000 after purchasing an additional 387 shares in the last quarter. 61.80% of the stock is owned by institutional investors.

Exxon Mobil Trading Down 0.2 %

NYSE XOM traded down $0.24 during trading hours on Friday, hitting $116.00. The company’s stock had a trading volume of 28,023,313 shares, compared to its average volume of 18,518,412. The stock has a fifty day moving average of $114.65 and a 200 day moving average of $106.96. The company has a quick ratio of 1.06, a current ratio of 1.38 and a debt-to-equity ratio of 0.15. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $123.75. The firm has a market capitalization of $457.39 billion, a P/E ratio of 14.22, a PEG ratio of 4.03 and a beta of 0.96.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, April 26th. The oil and gas company reported $2.06 EPS for the quarter, missing analysts’ consensus estimates of $2.19 by ($0.13). Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The company had revenue of $83.08 billion for the quarter, compared to analyst estimates of $79.69 billion. During the same period last year, the firm earned $2.83 earnings per share. The firm’s revenue for the quarter was down 4.0% on a year-over-year basis. Equities research analysts forecast that Exxon Mobil Co. will post 9.61 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th will be paid a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 3.28%. The ex-dividend date of this dividend is Tuesday, May 14th. Exxon Mobil’s payout ratio is presently 46.57%.

Analyst Ratings Changes

Several equities research analysts have issued reports on XOM shares. Mizuho reissued a “neutral” rating and issued a $125.00 price target on shares of Exxon Mobil in a report on Thursday, April 4th. Redburn Atlantic raised shares of Exxon Mobil from a “neutral” rating to a “buy” rating and upped their target price for the stock 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 research note on Monday, February 5th. Barclays initiated coverage on Exxon Mobil in a report on Wednesday, April 10th. They issued an “overweight” rating and a $147.00 target price on the stock. Finally, Scotiabank raised their price target on Exxon Mobil from $114.00 to $129.00 and gave the company a “sector perform” rating in a report on Thursday, April 11th. Eight research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $134.06.

Insiders Place Their Bets

In related news, VP Darrin L. Talley sold 2,426 shares of the firm’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $119.01, for a total transaction of $288,718.26. Following the sale, the vice president now owns 25,363 shares of the company’s stock, valued at approximately $3,018,450.63. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 value of $288,718.26. Following the transaction, the vice president now owns 25,363 shares of the company’s stock, valued at $3,018,450.63. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Darrin L. Talley sold 2,400 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total transaction of $252,000.00. Following the sale, the vice president now directly owns 30,189 shares of the company’s stock, valued at approximately $3,169,845. The disclosure for this sale can be found here. Company insiders own 0.03% of the company’s stock.

Exxon Mobil Profile

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.