Palogic Value Management L.P. Sells 420 Shares of Exxon Mobil Co. (NYSE:XOM)

Palogic Value Management L.P. decreased its position in shares of Exxon Mobil Co. (NYSE:XOM) by 0.9% during the 4th quarter, Holdings Channel.com reports. The fund owned 47,878 shares of the oil and gas company’s stock after selling 420 shares during the period. Exxon Mobil accounts for about 2.0% of Palogic Value Management L.P.’s holdings, making the stock its 8th largest position. Palogic Value Management L.P.’s holdings in Exxon Mobil were worth $5,150,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Fairway Wealth LLC acquired a new stake in Exxon Mobil in the 4th quarter valued at about $31,000. Keystone Financial Group Inc. acquired a new stake in Exxon Mobil in the 4th quarter valued at about $36,000. Retirement Wealth Solutions LLC acquired a new stake in Exxon Mobil in the 4th quarter valued at about $46,000. Compass Planning Associates Inc acquired a new stake in Exxon Mobil in the 4th quarter valued at about $47,000. Finally, Synergy Investment Management LLC acquired a new stake in Exxon Mobil in the 4th quarter valued at about $47,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Stock Up 0.4 %

Exxon Mobil stock opened at $115.84 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. Exxon Mobil Co. has a 1-year low of $103.67 and a 1-year high of $126.34. The company has a market cap of $502.63 billion, a PE ratio of 14.78, a price-to-earnings-growth ratio of 3.02 and a beta of 0.83. The stock’s 50 day moving average price is $109.92 and its 200 day moving average price is $113.60.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share for the quarter, missing analysts’ consensus estimates 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 in the previous year, the company earned $2.48 earnings per share. On average, sell-side analysts predict that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Wednesday, February 12th were paid a $0.99 dividend. The ex-dividend date was Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.42%. Exxon Mobil’s dividend payout ratio (DPR) is presently 50.51%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on XOM. UBS Group cut their target price on Exxon Mobil from $149.00 to $147.00 and set a “buy” rating on the stock in a research report on Thursday, December 12th. Scotiabank cut their target price on Exxon Mobil from $145.00 to $140.00 in a research report on Friday, January 31st. Bernstein Bank raised their target price on Exxon Mobil from $138.00 to $144.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. The Goldman Sachs Group cut their target price on Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $115.00 target price 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 issued a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $129.15.

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,100 shares of Exxon Mobil 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 sale, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.03% of the company’s stock.

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.