Pine Haven Investment Counsel Inc Trims Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Pine Haven Investment Counsel Inc lessened its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 1.6% in the fourth quarter, HoldingsChannel reports. The firm owned 20,280 shares of the oil and gas company’s stock after selling 329 shares during the quarter. Exxon Mobil makes up approximately 1.8% of Pine Haven Investment Counsel Inc’s holdings, making the stock its 13th biggest holding. Pine Haven Investment Counsel Inc’s holdings in Exxon Mobil were worth $2,182,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in XOM. Diversify Wealth Management LLC grew its holdings in shares of Exxon Mobil by 54.9% during the fourth quarter. Diversify Wealth Management LLC now owns 31,378 shares of the oil and gas company’s stock worth $3,343,000 after buying an additional 11,125 shares in the last quarter. Smart Money Group LLC boosted its position in Exxon Mobil by 3.1% during the fourth quarter. Smart Money Group LLC now owns 9,087 shares of the oil and gas company’s stock worth $978,000 after acquiring an additional 276 shares during the last quarter. Ellsworth Advisors LLC grew its stake in Exxon Mobil by 2.6% in the 4th quarter. Ellsworth Advisors LLC now owns 25,131 shares of the oil and gas company’s stock worth $2,703,000 after acquiring an additional 627 shares during the period. RoundAngle Advisors LLC acquired a new position in Exxon Mobil in the 4th quarter valued at $1,421,000. Finally, Annex Advisory Services LLC lifted its stake in shares of Exxon Mobil by 24.9% during the 4th quarter. Annex Advisory Services LLC now owns 16,513 shares of the oil and gas company’s stock worth $1,776,000 after purchasing an additional 3,287 shares during the period. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Stock Performance

Exxon Mobil stock opened at $111.52 on Wednesday. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $126.34. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01. The company has a market capitalization of $490.12 billion, a price-to-earnings ratio of 13.89, a price-to-earnings-growth ratio of 3.01 and a beta of 0.91. The firm’s fifty day moving average price is $112.40 and its 200 day moving average price is $115.50.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, topping the consensus estimate of $1.91 by $0.01. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The business had revenue of $90.02 billion for the quarter, compared to analysts’ expectations of $93.98 billion. During the same quarter in the previous year, the firm posted $2.27 earnings per share. The company’s revenue was down .8% compared to the same quarter last year. On average, research analysts forecast that Exxon Mobil Co. will post 7.77 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Thursday, November 14th were paid a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.55%. The ex-dividend date of this dividend was Thursday, November 14th. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s payout ratio is 49.32%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. BNP Paribas lowered Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 target price for the company. in a research note on Wednesday, October 9th. JPMorgan Chase & Co. decreased their target price on shares of Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating on the stock in a research report on Monday, December 16th. Scotiabank raised shares of Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and upped their price target for the stock from $129.00 to $145.00 in a research report on Thursday, October 10th. The Goldman Sachs Group lifted their price target on shares of Exxon Mobil from $118.00 to $120.00 in a report on Thursday, October 31st. Finally, Barclays dropped their price objective on Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating for the company in a report on Thursday, October 3rd. One research analyst has rated the stock with a sell rating, seven have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $128.84.

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.