Lee Financial Co Has $2.53 Million Stock Position in Exxon Mobil Co. (NYSE:XOM)

Lee Financial Co lessened its position in shares of Exxon Mobil Co. (NYSE:XOM) by 0.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,510 shares of the oil and gas company’s stock after selling 178 shares during the quarter. Exxon Mobil makes up about 0.4% of Lee Financial Co’s investment portfolio, making the stock its 27th largest position. Lee Financial Co’s holdings in Exxon Mobil were worth $2,529,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of XOM. Brown Lisle Cummings Inc. boosted its holdings in Exxon Mobil by 14.0% during the third quarter. Brown Lisle Cummings Inc. now owns 26,825 shares of the oil and gas company’s stock valued at $3,144,000 after purchasing an additional 3,296 shares in the last quarter. Penn Davis Mcfarland Inc. grew its position in Exxon Mobil by 9.2% in the third quarter. Penn Davis Mcfarland Inc. now owns 11,859 shares of the oil and gas company’s stock valued at $1,390,000 after acquiring an additional 999 shares during the period. Violich Capital Management Inc. raised its stake in Exxon Mobil by 5.4% during the third quarter. Violich Capital Management Inc. now owns 47,247 shares of the oil and gas company’s stock worth $5,538,000 after acquiring an additional 2,438 shares in the last quarter. Koss Olinger Consulting LLC boosted its stake in shares of Exxon Mobil by 12.1% in the 3rd quarter. Koss Olinger Consulting LLC now owns 6,097 shares of the oil and gas company’s stock valued at $715,000 after purchasing an additional 656 shares in the last quarter. Finally, Trilogy Capital Inc. grew its holdings in shares of Exxon Mobil by 0.3% in the 3rd quarter. Trilogy Capital Inc. now owns 30,278 shares of the oil and gas company’s stock worth $3,549,000 after purchasing an additional 102 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,100 shares of the business’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total value of $231,000.00. Following the completion of the transaction, the vice president now owns 18,087 shares of the company’s stock, valued at $1,989,570. The trade was a 10.40 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.03% of the company’s stock.

Exxon Mobil Stock Performance

XOM stock opened at $110.05 on Wednesday. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. Exxon Mobil Co. has a twelve month low of $102.64 and a twelve month high of $126.34. The business’s fifty day moving average is $108.68 and its 200-day moving average is $114.61. The company has a market cap of $483.66 billion, a P/E ratio of 14.04, a price-to-earnings-growth ratio of 2.94 and a beta of 0.89.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share 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 business posted $2.48 earnings per share. Equities research analysts forecast that Exxon Mobil Co. will post 7.37 EPS for the current year.

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Wednesday, February 12th will be issued a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 3.60%. The ex-dividend date is Wednesday, February 12th. Exxon Mobil’s dividend payout ratio is currently 50.51%.

Wall Street Analyst Weigh In

XOM has been the topic of a number of recent analyst reports. Morgan Stanley boosted their price target on shares of Exxon Mobil from $139.00 to $140.00 in a research report on Friday, January 31st. Argus raised Exxon Mobil to a “strong-buy” rating in a report on Tuesday, February 4th. JPMorgan Chase & Co. dropped their price target on Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating for the company in a report on Monday, December 16th. Wells Fargo & Company reduced their price objective on Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating on the stock in a research note on Monday, February 3rd. Finally, The Goldman Sachs Group cut their price target on Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating for the company in a report on Friday, January 31st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Exxon Mobil has a consensus rating of “Moderate Buy” and an average target price of $129.25.

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.