Beacon Investment Advisors LLC Sells 246 Shares of Exxon Mobil Co. (NYSE:XOM)

Beacon Investment Advisors LLC decreased its position in shares of Exxon Mobil Co. (NYSE:XOM) by 2.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 9,327 shares of the oil and gas company’s stock after selling 246 shares during the period. Beacon Investment Advisors LLC’s holdings in Exxon Mobil were worth $1,003,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Geode Capital Management LLC boosted its stake in Exxon Mobil by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 93,299,598 shares of the oil and gas company’s stock worth $10,023,875,000 after purchasing an additional 1,104,617 shares in the last quarter. Norges Bank bought a new position in shares of Exxon Mobil in the fourth quarter worth about $6,936,737,000. Bank of New York Mellon Corp increased its holdings in shares of Exxon Mobil by 14.4% in the fourth quarter. Bank of New York Mellon Corp now owns 43,983,110 shares of the oil and gas company’s stock valued at $4,731,263,000 after purchasing an additional 5,538,694 shares in the last quarter. Franklin Resources Inc. raised its position in shares of Exxon Mobil by 13.1% during the fourth quarter. Franklin Resources Inc. now owns 35,662,602 shares of the oil and gas company’s stock worth $3,836,226,000 after acquiring an additional 4,140,046 shares during the last quarter. Finally, Capital Research Global Investors raised its holdings in Exxon Mobil by 3.9% during the 4th quarter. Capital Research Global Investors now owns 34,763,179 shares of the oil and gas company’s stock worth $3,739,465,000 after purchasing an additional 1,293,111 shares during the last quarter. Institutional investors own 61.80% of the company’s stock.

Insiders Place Their Bets

In other news, VP Darrin L. Talley sold 2,100 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total transaction of $231,000.00. Following the completion of the sale, the vice president now owns 18,087 shares in the company, valued at approximately $1,989,570. This trade represents a 10.40 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.03% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on XOM. BMO Capital Markets lowered their target price on shares of Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating for the company in a report on Friday, January 31st. Scotiabank lowered their price objective on shares of Exxon Mobil from $140.00 to $115.00 and set a “sector outperform” rating for the company in a research report on Friday, April 11th. Wells Fargo & Company reduced their target price on Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating on the stock in a report on Monday, February 3rd. HSBC lowered their price target on Exxon Mobil from $125.00 to $123.00 and set a “hold” rating for the company in a report on Friday, January 31st. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $115.00 price objective on shares of Exxon Mobil in a research report on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Exxon Mobil currently has a consensus rating of “Moderate Buy” and a consensus target price of $126.75.

Exxon Mobil Price Performance

Shares of XOM opened at $106.84 on Monday. 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 company’s fifty day simple moving average is $109.82 and its 200 day simple moving average is $112.68. Exxon Mobil Co. has a 1-year low of $97.80 and a 1-year high of $126.34. The company has a market cap of $462.12 billion, a price-to-earnings ratio of 13.63, a PEG ratio of 3.02 and a beta of 0.61.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data 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 last year, the business earned $2.48 EPS. On average, research analysts forecast that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th were given a $0.99 dividend. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.71%. Exxon Mobil’s payout ratio is 50.51%.

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.