Howe & Rusling Inc. trimmed its holdings in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 4.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 241,021 shares of the oil and gas company's stock after selling 10,238 shares during the quarter. Exxon Mobil makes up approximately 2.2% of Howe & Rusling Inc.'s investment portfolio, making the stock its 11th biggest holding. Howe & Rusling Inc.'s holdings in Exxon Mobil were worth $25,927,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. AssuredPartners Investment Advisors LLC purchased a new position in shares of Exxon Mobil in the 4th quarter valued at $4,566,000. NEOS Investment Management LLC boosted its position in Exxon Mobil by 23.5% during the fourth quarter. NEOS Investment Management LLC now owns 233,633 shares of the oil and gas company's stock valued at $25,132,000 after purchasing an additional 44,515 shares in the last quarter. UniSuper Management Pty Ltd grew its stake in Exxon Mobil by 31.3% in the fourth quarter. UniSuper Management Pty Ltd now owns 240,395 shares of the oil and gas company's stock valued at $25,859,000 after purchasing an additional 57,344 shares during the last quarter. Moment Partners LLC bought a new position in Exxon Mobil in the fourth quarter worth about $464,000. Finally, Sava Infond d.o.o. bought a new stake in shares of Exxon Mobil in the 4th quarter valued at about $3,152,000. Institutional investors own 61.80% of the company's stock.
Insiders Place Their Bets
In related news, VP Darrin L. Talley sold 2,100 shares of the company'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 transaction, the vice president now 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 Securities & Exchange Commission, which is available at the SEC website. 0.03% of the stock is currently owned by company insiders.
Exxon Mobil Stock Performance
XOM stock traded down $0.23 during midday trading on Friday, hitting $117.66. 10,220,644 shares of the stock traded hands, compared to its average volume of 15,706,266. The stock's fifty day simple moving average is $110.73 and its 200-day simple moving average is $113.69. The firm has a market cap of $510.53 billion, a P/E ratio of 15.01, a PEG ratio of 3.02 and a beta of 0.83. Exxon Mobil Co. has a 1-year low of $103.67 and a 1-year high of $126.34. 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 (NYSE:XOM - Get Free Report) last announced 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 business posted $2.48 earnings per share. On average, analysts expect that Exxon Mobil Co. will post 7.43 earnings per share for the current year.
Exxon Mobil Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Wednesday, February 12th were issued a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.37%. The ex-dividend date was Wednesday, February 12th. Exxon Mobil's payout ratio is presently 50.51%.
Analyst Ratings Changes
Several research analysts recently commented on XOM shares. Royal Bank of Canada reiterated a "sector perform" rating and set a $115.00 price objective on shares of Exxon Mobil in a research note on Monday, February 3rd. Morgan Stanley reduced their price target on Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating on the stock in a research report on Thursday. HSBC lowered their price objective on Exxon Mobil from $125.00 to $123.00 and set a "hold" rating for the company in a research report on Friday, January 31st. The Goldman Sachs Group decreased their price target on Exxon Mobil from $125.00 to $123.00 and set a "neutral" rating for the company in a research note on Friday, January 31st. Finally, Bernstein Bank boosted their price target on Exxon Mobil from $138.00 to $144.00 and gave the stock an "overweight" rating in a research note on Friday, January 31st. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $129.05.
Read Our Latest Research Report on Exxon Mobil
About Exxon Mobil
(
Free Report)
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.
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