Lipe & Dalton Lowers Holdings in Exxon Mobil Co. (NYSE:XOM)

Lipe & Dalton decreased its position in Exxon Mobil Co. (NYSE:XOM) by 4.0% during the fourth quarter, HoldingsChannel.com reports. The firm owned 2,383 shares of the oil and gas company’s stock after selling 100 shares during the quarter. Lipe & Dalton’s holdings in Exxon Mobil were worth $256,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Capital City Trust Co. FL boosted its stake in Exxon Mobil by 0.8% during the 4th quarter. Capital City Trust Co. FL now owns 43,394 shares of the oil and gas company’s stock valued at $4,668,000 after purchasing an additional 346 shares during the last quarter. Cowa LLC lifted its holdings in shares of Exxon Mobil by 8.6% during the fourth quarter. Cowa LLC now owns 8,158 shares of the oil and gas company’s stock valued at $878,000 after purchasing an additional 649 shares in the last quarter. Redmond Asset Management LLC boosted its position in shares of Exxon Mobil by 10.7% during the fourth quarter. Redmond Asset Management LLC now owns 7,478 shares of the oil and gas company’s stock valued at $804,000 after buying an additional 725 shares during the last quarter. Turning Point Benefit Group Inc. bought a new stake in Exxon Mobil in the 4th quarter worth about $315,000. Finally, Cypress Capital LLC raised its position in Exxon Mobil by 381.1% in the 4th quarter. Cypress Capital LLC now owns 18,639 shares of the oil and gas company’s stock worth $2,005,000 after buying an additional 14,765 shares during the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Stock Performance

XOM opened at $109.75 on Wednesday. The company has a 50 day simple moving average of $108.69 and a two-hundred day simple moving average of $114.37. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. The firm has a market cap of $476.20 billion, a P/E ratio of 14.00, a PEG ratio of 3.02 and a beta of 0.89. Exxon Mobil Co. has a 1-year low of $103.05 and a 1-year high of $126.34.

Exxon Mobil (NYSE:XOM) last issued 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 return on equity of 12.92% and a net margin of 9.63%. During the same quarter in the prior year, the company posted $2.48 earnings per share. Equities analysts forecast that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Wednesday, February 12th will be given a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 3.61%. The ex-dividend date is Wednesday, February 12th. Exxon Mobil’s dividend payout ratio is currently 50.51%.

Insider Activity at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the company’s stock in a transaction that occurred on Tuesday, February 4th. The stock was 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 directly owns 18,087 shares in the company, valued at $1,989,570. This represents 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 owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on XOM. 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 report on Thursday, December 12th. Royal Bank of Canada restated a “sector perform” rating and issued a $115.00 target price on shares of Exxon Mobil in a report on Monday, February 3rd. Scotiabank decreased their target price on shares of Exxon Mobil from $145.00 to $140.00 in a research note on Friday, January 31st. HSBC dropped their price target on Exxon Mobil from $125.00 to $123.00 and set a “hold” rating on the stock in a research note on Friday, January 31st. Finally, The Goldman Sachs Group reduced their price objective on Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Exxon Mobil presently has an average rating of “Moderate Buy” and an average price target of $129.25.

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.