Forbes J M & Co. LLP Trims Holdings in Exxon Mobil Co. (NYSE:XOM)

Forbes J M & Co. LLP lowered its position in Exxon Mobil Co. (NYSE:XOM) by 0.5% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 43,989 shares of the oil and gas company’s stock after selling 233 shares during the period. Forbes J M & Co. LLP’s holdings in Exxon Mobil were worth $4,732,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of XOM. Keystone Financial Group Inc. purchased a new stake in shares of Exxon Mobil in the fourth quarter worth about $36,000. Retirement Wealth Solutions LLC acquired a new position in Exxon Mobil in the fourth quarter valued at approximately $46,000. Peterson Financial Group Inc. purchased a new stake in Exxon Mobil in the 3rd quarter worth approximately $51,000. Highline Wealth Partners LLC purchased a new position in shares of Exxon Mobil during the 3rd quarter valued at approximately $54,000. Finally, Harbor Capital Advisors Inc. acquired a new position in shares of Exxon Mobil in the 3rd quarter valued at $63,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on XOM shares. UBS Group dropped their price target on shares of Exxon Mobil from $149.00 to $147.00 and set a “buy” rating on the stock in a research report on Thursday, December 12th. Wells Fargo & Company dropped their target price on Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating on the stock in a research report on Monday, February 3rd. Argus raised Exxon Mobil to a “strong-buy” rating in a report on Tuesday, February 4th. Morgan Stanley raised their price objective on Exxon Mobil from $139.00 to $140.00 in a report on Friday, January 31st. Finally, Bernstein Bank upped their target price on Exxon Mobil from $138.00 to $144.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $129.25.

Exxon Mobil Stock Up 0.7 %

XOM stock opened at $111.71 on Wednesday. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. The firm has a 50-day moving average of $109.28 and a two-hundred day moving average of $114.92. Exxon Mobil Co. has a 12 month low of $100.42 and a 12 month high of $126.34. The company has a market cap of $490.98 billion, a price-to-earnings ratio of 14.25, a PEG ratio of 2.94 and a beta of 0.89.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 EPS for the quarter, missing the consensus estimate of $1.77 by ($0.10). Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. During the same period last year, the firm posted $2.48 earnings per share. As a group, analysts forecast that Exxon Mobil Co. will post 7.37 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th will be given a dividend of $0.99 per share. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $3.96 annualized dividend and a dividend yield of 3.54%. Exxon Mobil’s payout ratio is 50.51%.

Insider Activity at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the business’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total value of $231,000.00. Following the transaction, the vice president now directly owns 18,087 shares in the company, valued at $1,989,570. The trade was a 10.40 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.03% of the stock is currently owned by insiders.

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.