Exxon Mobil Co. (NYSE:XOM) Shares Sold by Lynch & Associates IN

Lynch & Associates IN reduced its position in Exxon Mobil Co. (NYSE:XOM) by 1.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 120,475 shares of the oil and gas company’s stock after selling 1,623 shares during the period. Exxon Mobil accounts for about 2.8% of Lynch & Associates IN’s holdings, making the stock its 8th biggest holding. Lynch & Associates IN’s holdings in Exxon Mobil were worth $12,960,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Fairway Wealth LLC purchased a new position in shares of Exxon Mobil during the 2nd quarter worth $35,000. Fairscale Capital LLC purchased a new position in shares of Exxon Mobil in the second quarter valued at $39,000. Hershey Financial Advisers LLC acquired a new position in shares of Exxon Mobil in the second quarter worth about $46,000. Peterson Financial Group Inc. acquired a new stake in shares of Exxon Mobil during the third quarter worth approximately $51,000. Finally, Highline Wealth Partners LLC acquired a new stake in shares of Exxon Mobil in the 3rd quarter valued at about $54,000. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Exxon Mobil Price Performance

XOM traded down $0.39 during midday trading on Friday, hitting $106.54. The company had a trading volume of 18,767,922 shares, compared to its average volume of 15,279,409. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $126.34. The firm’s 50-day simple moving average is $113.66 and its 200-day simple moving average is $115.69. The company has a market capitalization of $468.25 billion, a PE ratio of 13.27, a P/E/G ratio of 4.65 and a beta of 0.91. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.35.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (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 analyst estimates of $93.98 billion. During the same period last year, the company earned $2.27 EPS. The firm’s revenue was down .8% on a year-over-year basis. Equities research analysts predict that Exxon Mobil Co. will post 7.95 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th were given a $0.99 dividend. 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. This represents a $3.96 annualized dividend and a dividend yield of 3.72%. Exxon Mobil’s dividend payout ratio is presently 49.32%.

Analyst Ratings Changes

A number of research firms have issued reports on XOM. Wolfe Research raised their target price on Exxon Mobil from $137.00 to $138.00 in a research note on Thursday, October 31st. Bank of America started coverage on shares of Exxon Mobil in a research note on Thursday, October 17th. They set a “neutral” rating and a $124.00 price objective on the stock. Scotiabank raised Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and increased their price target for the company from $129.00 to $145.00 in a research note on Thursday, October 10th. Wells Fargo & Company boosted their price target on shares of Exxon Mobil from $135.00 to $136.00 and gave the stock an “overweight” rating in a research report on Friday, September 27th. Finally, TD Cowen dropped their price target on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating on the stock in a report on Monday, December 16th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $128.74.

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.