Woodmont Investment Counsel LLC Grows Position in Exxon Mobil Co. (NYSE:XOM)

Woodmont Investment Counsel LLC boosted its stake in Exxon Mobil Co. (NYSE:XOM) by 43.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 70,863 shares of the oil and gas company’s stock after buying an additional 21,455 shares during the period. Woodmont Investment Counsel LLC’s holdings in Exxon Mobil were worth $7,623,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of XOM. Clune & Associates LTD. purchased a new stake in shares of Exxon Mobil in the 4th quarter valued at approximately $1,262,000. Crowley Wealth Management Inc. acquired a new stake in Exxon Mobil in the 4th quarter valued at approximately $321,000. FCA Corp TX raised its position in Exxon Mobil by 12.8% in the fourth quarter. FCA Corp TX now owns 2,625 shares of the oil and gas company’s stock valued at $282,000 after purchasing an additional 297 shares during the period. Community Bank N.A. lifted its stake in Exxon Mobil by 1.6% during the fourth quarter. Community Bank N.A. now owns 57,035 shares of the oil and gas company’s stock worth $6,135,000 after purchasing an additional 913 shares in the last quarter. Finally, Napatree Capital LLC boosted its position in shares of Exxon Mobil by 11.4% during the fourth quarter. Napatree Capital LLC now owns 9,435 shares of the oil and gas company’s stock worth $1,015,000 after buying an additional 962 shares during the period. Institutional investors and hedge funds own 61.80% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on XOM shares. Wells Fargo & Company cut their price objective on Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating on the stock in a report on Monday, February 3rd. Bernstein Bank boosted their price target on shares of Exxon Mobil from $138.00 to $144.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Royal Bank of Canada reissued a “sector perform” rating and issued a $115.00 price objective on shares of Exxon Mobil in a research note on Monday, February 3rd. UBS Group reduced their target price on shares of Exxon Mobil from $149.00 to $147.00 and set a “buy” rating on the stock in a report on Thursday, December 12th. Finally, Scotiabank dropped their price target on shares of Exxon Mobil from $145.00 to $140.00 in a research note on Friday, January 31st. One analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $129.15.

Insider Activity

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of Exxon Mobil stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total transaction of $231,000.00. Following the transaction, the vice president now owns 18,087 shares of the company’s stock, valued at $1,989,570. The trade was a 10.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.03% of the company’s stock.

Exxon Mobil Price Performance

Shares of NYSE XOM opened at $115.30 on Monday. The stock’s 50-day simple moving average is $110.09 and its 200-day simple moving average is $113.57. 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 has a market capitalization of $500.29 billion, a PE ratio of 14.71, a price-to-earnings-growth ratio of 3.02 and a beta of 0.83. Exxon Mobil Co. has a fifty-two week low of $103.67 and a fifty-two week high of $126.34.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (EPS) 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 quarter last year, the firm posted $2.48 earnings per share. As a group, equities research analysts forecast that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th were given a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.43%. The ex-dividend date of this dividend was Wednesday, February 12th. Exxon Mobil’s dividend payout ratio (DPR) is currently 50.51%.

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.