Exxon Mobil Co. (NYSE:XOM) Position Decreased by Ellis Investment Partners LLC

Ellis Investment Partners LLC trimmed its stake in Exxon Mobil Co. (NYSE:XOM) by 1.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 19,671 shares of the oil and gas company’s stock after selling 333 shares during the quarter. Ellis Investment Partners LLC’s holdings in Exxon Mobil were worth $2,116,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Keystone Financial Group Inc. acquired a new position in shares of 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 worth approximately $46,000. Compass Financial Services Inc acquired a new stake in shares of Exxon Mobil in the fourth quarter worth $48,000. Peterson Financial Group Inc. acquired a new position in Exxon Mobil during the 3rd quarter worth $51,000. Finally, Highline Wealth Partners LLC bought a new stake in Exxon Mobil during the 3rd quarter valued at approximately $54,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Stock Performance

Shares of XOM opened at $110.05 on Wednesday. Exxon Mobil Co. has a twelve month low of $102.64 and a twelve month high of $126.34. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. The firm’s 50 day moving average price is $108.68 and its two-hundred day moving average price is $114.61. The firm has a market cap of $483.66 billion, a P/E ratio of 14.04, a PEG ratio of 2.94 and a beta of 0.89.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (EPS) 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 last year, the business posted $2.48 earnings per share. On average, analysts forecast that Exxon Mobil Co. will post 7.37 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Wednesday, February 12th will be issued a dividend of $0.99 per share. The ex-dividend date is Wednesday, February 12th. This represents a $3.96 annualized dividend and a yield of 3.60%. Exxon Mobil’s payout ratio is presently 50.51%.

Insider Transactions at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,100 shares of Exxon Mobil stock in a transaction dated Tuesday, February 4th. The stock was 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 approximately $1,989,570. This trade represents a 10.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on XOM shares. Bernstein Bank increased their price target on shares of Exxon Mobil from $138.00 to $144.00 and gave the company an “overweight” rating in a report on Friday, January 31st. TD Cowen cut their target price on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating for the company in a research report on Monday, December 16th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $115.00 price objective on shares of Exxon Mobil in a research note on Monday, February 3rd. UBS Group lowered their price target on shares of Exxon Mobil from $149.00 to $147.00 and set a “buy” rating for the company in a report on Thursday, December 12th. Finally, Wells Fargo & Company dropped their price objective on Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating for the company in a report on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Exxon Mobil currently has a consensus rating of “Moderate Buy” and an average target price of $129.25.

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.