Studio Investment Management LLC Has $920,000 Holdings in Exxon Mobil Co. (NYSE:XOM)

Studio Investment Management LLC lessened its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 5.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,550 shares of the oil and gas company’s stock after selling 538 shares during the quarter. Studio Investment Management LLC’s holdings in Exxon Mobil were worth $920,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Safeguard Investment Advisory Group LLC increased its position in Exxon Mobil by 3.4% during the fourth quarter. Safeguard Investment Advisory Group LLC now owns 9,072 shares of the oil and gas company’s stock worth $976,000 after buying an additional 301 shares during the last quarter. Scissortail Wealth Management LLC grew its position in shares of Exxon Mobil by 34,106.3% in the fourth quarter. Scissortail Wealth Management LLC now owns 5,473 shares of the oil and gas company’s stock valued at $586,000 after purchasing an additional 5,457 shares during the last quarter. Sender Co & Partners Inc. acquired a new position in shares of Exxon Mobil in the fourth quarter valued at approximately $2,195,000. Security National Bank of SO Dak grew its position in shares of Exxon Mobil by 5.9% in the fourth quarter. Security National Bank of SO Dak now owns 26,579 shares of the oil and gas company’s stock valued at $2,859,000 after purchasing an additional 1,476 shares during the last quarter. Finally, SGL Investment Advisors Inc. grew its position in shares of Exxon Mobil by 13.8% in the fourth quarter. SGL Investment Advisors Inc. now owns 2,110 shares of the oil and gas company’s stock valued at $227,000 after purchasing an additional 256 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Analyst Ratings Changes

XOM has been the topic of several research reports. The Goldman Sachs Group decreased their target price on Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. Morgan Stanley decreased their target price on Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating on the stock in a research report on Thursday, March 27th. Argus raised Exxon Mobil to a “strong-buy” rating in a research report on Tuesday, February 4th. Barclays decreased their target price on Exxon Mobil from $130.00 to $127.00 and set an “overweight” rating on the stock in a research report on Monday, May 5th. Finally, Royal Bank of Canada reduced their price target on Exxon Mobil from $115.00 to $105.00 and set a “sector perform” rating on the stock in a research report on Monday, May 5th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $125.50.

Exxon Mobil Stock Down 0.4%

NYSE XOM opened at $108.13 on Friday. The business has a fifty day moving average price of $108.98 and a two-hundred day moving average price of $110.85. 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 fifty-two week low of $97.80 and a fifty-two week high of $126.34. The stock has a market capitalization of $466.01 billion, a PE ratio of 13.79, a PEG ratio of 3.02 and a beta of 0.51.

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

Exxon Mobil Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th will be paid a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.66%. The ex-dividend date of this dividend is Thursday, May 15th. Exxon Mobil’s payout ratio is 52.52%.

Exxon Mobil 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.