Gemmer Asset Management LLC Sells 309 Shares of Exxon Mobil Co. (NYSE:XOM)

Gemmer Asset Management LLC lowered its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 13.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,957 shares of the oil and gas company’s stock after selling 309 shares during the period. Gemmer Asset Management LLC’s holdings in Exxon Mobil were worth $211,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in XOM. Eagle Capital Management LLC raised its stake in shares of Exxon Mobil by 4.9% during the 2nd quarter. Eagle Capital Management LLC now owns 2,460 shares of the oil and gas company’s stock worth $283,000 after purchasing an additional 114 shares in the last quarter. Sfmg LLC lifted its holdings in Exxon Mobil by 19.2% during the 2nd quarter. Sfmg LLC now owns 19,528 shares of the oil and gas company’s stock valued at $2,248,000 after purchasing an additional 3,141 shares during the last quarter. Royal Capital Wealth Management LLC lifted its holdings in Exxon Mobil by 3.6% during the 2nd quarter. Royal Capital Wealth Management LLC now owns 26,521 shares of the oil and gas company’s stock valued at $3,053,000 after purchasing an additional 911 shares during the last quarter. Insigneo Advisory Services LLC lifted its holdings in Exxon Mobil by 12.5% during the 2nd quarter. Insigneo Advisory Services LLC now owns 47,418 shares of the oil and gas company’s stock valued at $5,442,000 after purchasing an additional 5,280 shares during the last quarter. Finally, Wescott Financial Advisory Group LLC lifted its holdings in Exxon Mobil by 0.7% during the 2nd quarter. Wescott Financial Advisory Group LLC now owns 24,015 shares of the oil and gas company’s stock valued at $2,765,000 after purchasing an additional 165 shares during the last quarter. Institutional investors own 61.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on XOM. Scotiabank raised Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and raised their price target for the company from $129.00 to $145.00 in a report on Thursday, October 10th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $115.00 price target on shares of Exxon Mobil in a report on Thursday, December 12th. The Goldman Sachs Group increased their price objective on Exxon Mobil from $118.00 to $120.00 in a research report on Thursday, October 31st. Bank of America began coverage on Exxon Mobil in a research report on Thursday, October 17th. They set a “neutral” rating and a $124.00 price objective on the stock. Finally, Barclays lowered their price objective on Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating on the stock in a research report on Thursday, October 3rd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Exxon Mobil currently has a consensus rating of “Moderate Buy” and a consensus target price of $128.84.

Exxon Mobil Stock Performance

Exxon Mobil stock opened at $109.46 on Thursday. Exxon Mobil Co. has a 12-month low of $96.73 and a 12-month high of $126.34. The company has a quick ratio of 1.01, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. The business’s 50-day moving average price is $112.22 and its two-hundred day moving average price is $115.48. 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.

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

Exxon Mobil Increases Dividend

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

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.