MJP Associates Inc. ADV Sells 725 Shares of Exxon Mobil Co. (NYSE:XOM)

MJP Associates Inc. ADV lowered its position in shares of Exxon Mobil Co. (NYSE:XOM) by 7.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 9,274 shares of the oil and gas company’s stock after selling 725 shares during the quarter. MJP Associates Inc. ADV’s holdings in Exxon Mobil were worth $998,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Fairway Wealth LLC bought a new stake in shares of Exxon Mobil during the 4th quarter valued at $31,000. Keystone Financial Group Inc. acquired a new stake in shares of Exxon Mobil in the fourth quarter worth $36,000. Retirement Wealth Solutions LLC acquired a new stake in shares of Exxon Mobil in the fourth quarter valued at about $46,000. Compass Planning Associates Inc purchased a new position in Exxon Mobil during the fourth quarter worth about $47,000. Finally, Clarity Asset Management Inc. grew its holdings in Exxon Mobil by 29.7% during the 4th quarter. Clarity Asset Management Inc. now owns 437 shares of the oil and gas company’s stock worth $47,000 after acquiring an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Performance

Shares of XOM opened at $107.38 on Monday. Exxon Mobil Co. has a one year low of $97.80 and a one year high of $126.34. The company has a 50-day simple moving average of $108.97 and a two-hundred day simple moving average of $111.09. The firm has a market capitalization of $464.45 billion, a PE ratio of 13.70, a price-to-earnings-growth ratio of 3.02 and a beta of 0.51. 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 (NYSE:XOM) last released its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.73 by $0.03. Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. The company had revenue of $83.13 billion for the quarter, compared to analysts’ expectations of $86.11 billion. During the same quarter in the previous year, the company earned $2.06 EPS. Exxon Mobil’s revenue for the quarter was up .1% on a year-over-year basis. On average, analysts anticipate that Exxon Mobil Co. will post 7.43 EPS 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. Investors of record on Thursday, May 15th will be given 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 yield of 3.69%. Exxon Mobil’s dividend payout ratio is presently 52.52%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on XOM shares. Bernstein Bank raised 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. Argus raised Exxon Mobil to a “strong-buy” rating in a research report on Tuesday, February 4th. Wells Fargo & Company decreased their target price on Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating for the company in a research note on Monday, February 3rd. Royal Bank of Canada decreased their price objective on Exxon Mobil from $115.00 to $105.00 and set a “sector perform” rating on the stock in a report on Monday, May 5th. Finally, BMO Capital Markets reduced their price objective on Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating for the company in a research note on Friday, January 31st. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $125.85.

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.