Exxon Mobil Co. (NYSE:XOM) Shares Sold by Mitchell Mcleod Pugh & Williams Inc.

Mitchell Mcleod Pugh & Williams Inc. cut its stake in Exxon Mobil Co. (NYSE:XOM) by 3.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 36,186 shares of the oil and gas company’s stock after selling 1,323 shares during the quarter. Exxon Mobil makes up approximately 0.8% of Mitchell Mcleod Pugh & Williams Inc.’s investment portfolio, making the stock its 24th largest position. Mitchell Mcleod Pugh & Williams Inc.’s holdings in Exxon Mobil were worth $3,893,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Global Wealth Management Investment Advisory Inc. increased its position in shares of Exxon Mobil by 10.7% in the third quarter. Global Wealth Management Investment Advisory Inc. now owns 47,195 shares of the oil and gas company’s stock valued at $5,532,000 after buying an additional 4,578 shares in the last quarter. Massmutual Trust Co. FSB ADV increased its position in shares of Exxon Mobil by 4.7% in the third quarter. Massmutual Trust Co. FSB ADV now owns 133,140 shares of the oil and gas company’s stock valued at $15,607,000 after buying an additional 5,985 shares in the last quarter. Helen Stephens Group LLC increased its position in shares of Exxon Mobil by 7.3% in the fourth quarter. Helen Stephens Group LLC now owns 41,637 shares of the oil and gas company’s stock valued at $4,479,000 after buying an additional 2,825 shares in the last quarter. Brooklyn Investment Group increased its position in shares of Exxon Mobil by 36.8% in the third quarter. Brooklyn Investment Group now owns 25,127 shares of the oil and gas company’s stock valued at $2,945,000 after buying an additional 6,753 shares in the last quarter. Finally, Parthenon LLC increased its position in shares of Exxon Mobil by 2.4% in the third quarter. Parthenon LLC now owns 191,590 shares of the oil and gas company’s stock valued at $22,458,000 after buying an additional 4,445 shares in the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

XOM has been the subject of a number of recent analyst reports. The Goldman Sachs Group boosted their price objective on Exxon Mobil from $118.00 to $120.00 in a research report on Thursday, October 31st. Bank of America assumed coverage on Exxon Mobil in a research report on Thursday, October 17th. They set a “neutral” rating and a $124.00 price target for the company. JPMorgan Chase & Co. reduced their price objective on Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating for the company in a research note on Monday, December 16th. Wolfe Research increased their price objective on Exxon Mobil from $137.00 to $138.00 in a research note on Thursday, October 31st. Finally, Wells Fargo & Company increased their price objective on Exxon Mobil from $135.00 to $136.00 and gave the company an “overweight” rating in a research note on Friday, September 27th. One analyst has rated the stock with a sell rating, seven have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Exxon Mobil currently has a consensus rating of “Moderate Buy” and an average price target of $128.84.

Exxon Mobil Stock Performance

NYSE XOM opened at $109.46 on Thursday. The stock has a market cap of $481.07 billion, a PE ratio of 13.63, a P/E/G ratio of 2.98 and a beta of 0.91. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. Exxon Mobil Co. has a twelve month low of $96.73 and a twelve month high of $126.34. The stock has a fifty day simple moving average of $112.22 and a 200-day simple moving average of $115.48.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, topping analysts’ consensus estimates of $1.91 by $0.01. The business had revenue of $90.02 billion during the quarter, compared to analysts’ expectations of $93.98 billion. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The company’s revenue was down .8% compared to the same quarter last year. During the same period in the prior year, the business posted $2.27 EPS. Equities analysts anticipate that Exxon Mobil Co. will post 7.77 earnings per share for the current year.

Exxon Mobil Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th were issued a dividend of $0.99 per share. The ex-dividend date of this dividend was Thursday, November 14th. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.62%. Exxon Mobil’s dividend payout ratio is currently 49.32%.

Exxon Mobil Company 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.