Hennessy Advisors Inc. Has $9.05 Million Stock Position in Exxon Mobil Co. (NYSE:XOM)

Hennessy Advisors Inc. cut its position in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 3.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 84,112 shares of the oil and gas company's stock after selling 2,700 shares during the quarter. Hennessy Advisors Inc.'s holdings in Exxon Mobil were worth $9,048,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Fairscale Capital LLC acquired a new stake in Exxon Mobil during the 2nd quarter worth about $39,000. Hershey Financial Advisers LLC acquired a new stake in shares of Exxon Mobil during the second quarter worth approximately $46,000. Peterson Financial Group Inc. purchased a new position in Exxon Mobil during the third quarter valued at approximately $51,000. Highline Wealth Partners LLC acquired a new position in Exxon Mobil in the 3rd quarter valued at approximately $54,000. Finally, Harbor Capital Advisors Inc. purchased a new stake in Exxon Mobil in the 3rd quarter worth approximately $63,000. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently commented on XOM. The Goldman Sachs Group boosted their price target on shares of Exxon Mobil from $118.00 to $120.00 in a report on Thursday, October 31st. Wolfe Research upped their price target on Exxon Mobil from $137.00 to $138.00 in a research note on Thursday, October 31st. Redburn Atlantic restated a "neutral" rating and issued a $120.00 target price (up from $119.00) on shares of Exxon Mobil in a report on Tuesday, September 24th. TD Cowen dropped their price target on shares of Exxon Mobil from $132.00 to $128.00 and set a "buy" rating on the stock in a research report on Monday, December 16th. Finally, Royal Bank of Canada reiterated a "sector perform" rating and issued a $115.00 target price on shares of Exxon Mobil in a research note on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Exxon Mobil presently has an average rating of "Moderate Buy" and an average target price of $128.84.

Exxon Mobil Stock Performance

Exxon Mobil stock traded up $1.05 on Friday, hitting $112.37. The company's stock had a trading volume of 19,228,798 shares, compared to its average volume of 13,346,318. The company has a fifty day moving average price of $112.56 and a 200-day moving average price of $115.50. The firm has a market cap of $493.89 billion, a P/E ratio of 13.99, a price-to-earnings-growth ratio of 2.70 and a beta of 0.91. Exxon Mobil Co. has a one year low of $95.77 and a one year high of $126.34. The company has a quick ratio of 1.01, a current ratio of 1.35 and a debt-to-equity ratio of 0.13.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, topping analysts' consensus estimates of $1.91 by $0.01. The firm had revenue of $90.02 billion during the quarter, compared to analysts' expectations of $93.98 billion. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The company's revenue for the quarter was down .8% compared to the same quarter last year. During the same quarter last year, the company earned $2.27 earnings per share. On average, equities analysts anticipate that Exxon Mobil Co. will post 7.86 earnings per share for the current year.

Exxon Mobil Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th were given a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 3.52%. This is a boost from Exxon Mobil's previous quarterly dividend of $0.95. The ex-dividend date of this dividend was Thursday, November 14th. Exxon Mobil's dividend payout ratio is 49.32%.

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.