Silvercrest Asset Management Group LLC Sells 560 Shares of Exxon Mobil Co. (NYSE:XOM)

Silvercrest Asset Management Group LLC lowered its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 0.1% during the fourth quarter, HoldingsChannel reports. The fund owned 666,770 shares of the oil and gas company’s stock after selling 560 shares during the quarter. Silvercrest Asset Management Group LLC’s holdings in Exxon Mobil were worth $71,724,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the stock. Fairway Wealth LLC bought a new position in Exxon Mobil during the fourth quarter valued at about $31,000. Keystone Financial Group Inc. acquired a new stake in shares of Exxon Mobil during the 4th quarter worth approximately $36,000. Retirement Wealth Solutions LLC acquired a new position in shares of Exxon Mobil in the fourth quarter valued at $46,000. Compass Planning Associates Inc bought a new position in Exxon Mobil in the fourth quarter worth $47,000. Finally, Clarity Asset Management Inc. boosted its stake in Exxon Mobil by 29.7% during the fourth quarter. Clarity Asset Management Inc. now owns 437 shares of the oil and gas company’s stock worth $47,000 after buying an additional 100 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Price Performance

Exxon Mobil stock opened at $108.44 on Friday. 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 Co. has a one year low of $97.80 and a one year high of $126.34. The firm has a market cap of $467.34 billion, a PE ratio of 13.83, a price-to-earnings-growth ratio of 3.02 and a beta of 0.51. The stock’s fifty day moving average price is $109.00 and its two-hundred day moving average price is $110.91.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 EPS for the quarter, topping analysts’ consensus estimates of $1.73 by $0.03. The company had revenue of $83.13 billion during the quarter, compared to analysts’ expectations of $86.11 billion. Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. Exxon Mobil’s revenue was up .1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.06 EPS. As a group, research analysts expect that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th will be issued a dividend of $0.99 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.96 annualized dividend and a dividend yield of 3.65%. Exxon Mobil’s dividend payout ratio (DPR) is presently 52.52%.

Analysts Set New Price Targets

A number of analysts recently weighed in on XOM shares. Royal Bank of Canada lowered their target price on shares of Exxon Mobil from $115.00 to $105.00 and set a “sector perform” rating on the stock in a research note on Monday, May 5th. Barclays lowered their price objective on Exxon Mobil from $130.00 to $127.00 and set an “overweight” rating on the stock in a research note on Monday, May 5th. Mizuho decreased their price target on Exxon Mobil from $129.00 to $124.00 and set a “neutral” rating on the stock in a research note on Tuesday. HSBC dropped their price objective on Exxon Mobil from $125.00 to $123.00 and set a “hold” rating for the company in a research note on Friday, January 31st. Finally, UBS Group reduced their target price on shares of Exxon Mobil from $135.00 to $131.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. One equities research 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 stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $125.50.

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.