United Capital Financial Advisors LLC Reduces Stock Position in Exxon Mobil Co. (NYSE:XOM)

United Capital Financial Advisors LLC cut its position in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 5.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 258,804 shares of the oil and gas company's stock after selling 14,481 shares during the quarter. United Capital Financial Advisors LLC's holdings in Exxon Mobil were worth $27,840,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. boosted its position in Exxon Mobil by 8.4% during the 3rd quarter. Principal Financial Group Inc. now owns 6,709,202 shares of the oil and gas company's stock worth $786,453,000 after acquiring an additional 521,932 shares during the period. McIlrath & Eck LLC grew its holdings in shares of Exxon Mobil by 7.4% during the 3rd quarter. McIlrath & Eck LLC now owns 5,603 shares of the oil and gas company's stock worth $657,000 after purchasing an additional 387 shares in the last quarter. Passumpsic Savings Bank raised its stake in shares of Exxon Mobil by 50.5% in the 3rd quarter. Passumpsic Savings Bank now owns 3,619 shares of the oil and gas company's stock valued at $424,000 after buying an additional 1,214 shares in the last quarter. Advisory Resource Group boosted its stake in Exxon Mobil by 3.0% in the 3rd quarter. Advisory Resource Group now owns 43,700 shares of the oil and gas company's stock valued at $5,123,000 after buying an additional 1,270 shares in the last quarter. Finally, Diamant Asset Management Inc. grew its stake in Exxon Mobil by 0.9% during the third quarter. Diamant Asset Management Inc. now owns 12,949 shares of the oil and gas company's stock worth $1,518,000 after buying an additional 120 shares during the last quarter. Institutional investors own 61.80% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on XOM. Royal Bank of Canada reissued a "sector perform" rating and set a $115.00 price objective on shares of Exxon Mobil in a report on Monday, February 3rd. Morgan Stanley cut their price objective on shares of Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating on the stock in a research report on Thursday, March 27th. Wells Fargo & Company dropped 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. Argus raised shares of Exxon Mobil to a "strong-buy" rating in a report on Tuesday, February 4th. Finally, Bernstein Bank lifted their price objective on shares of Exxon Mobil from $138.00 to $144.00 and gave the stock an "overweight" rating in a research report on Friday, January 31st. One equities 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 given a strong buy rating to the company's stock. Based on data from MarketBeat, Exxon Mobil currently has a consensus rating of "Moderate Buy" and a consensus price target of $126.75.

Exxon Mobil Stock Performance

XOM traded up $2.65 on Friday, hitting $106.84. The company's stock had a trading volume of 17,830,092 shares, compared to its average volume of 15,979,540. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. The firm has a market cap of $462.12 billion, a P/E ratio of 13.63, a price-to-earnings-growth ratio of 3.02 and a beta of 0.61. Exxon Mobil Co. has a 12 month low of $97.80 and a 12 month high of $126.34. The company's 50 day simple moving average is $109.92 and its 200-day simple moving average is $112.90.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its quarterly 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 in the previous year, the firm posted $2.48 earnings per share. Analysts forecast that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

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

Insider Transactions at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the firm'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 sale, the vice president now owns 18,087 shares of the company's stock, valued at $1,989,570. This trade represents a 10.40 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.03% of the company's stock.

About Exxon Mobil

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.