CapWealth Advisors LLC Trims Holdings in Exxon Mobil Co. (NYSE:XOM)

CapWealth Advisors LLC cut its stake in Exxon Mobil Co. (NYSE:XOM) by 4.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 20,812 shares of the oil and gas company’s stock after selling 1,000 shares during the quarter. CapWealth Advisors LLC’s holdings in Exxon Mobil were worth $2,081,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. KB Financial Partners LLC purchased a new position in Exxon Mobil during the first quarter worth about $27,000. IMA Wealth Inc. grew its position in Exxon Mobil by 720.0% during the second quarter. IMA Wealth Inc. now owns 369 shares of the oil and gas company’s stock worth $40,000 after buying an additional 324 shares in the last quarter. FWL Investment Management LLC purchased a new position in Exxon Mobil during the fourth quarter worth about $43,000. Turim 21 Investimentos Ltda. grew its position in Exxon Mobil by 222.5% during the first quarter. Turim 21 Investimentos Ltda. now owns 574 shares of the oil and gas company’s stock worth $47,000 after buying an additional 396 shares in the last quarter. Finally, Studio Investment Management LLC purchased a new position in Exxon Mobil during the fourth quarter worth about $49,000. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

XOM has been the subject of several recent analyst reports. Redburn Atlantic upgraded Exxon Mobil from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $116.00 to $119.00 in a research report on Tuesday, January 9th. Wells Fargo & Company boosted their target price on Exxon Mobil from $126.00 to $138.00 and gave the stock an “overweight” rating in a research report on Thursday, April 4th. UBS Group lifted their price target on Exxon Mobil from $133.00 to $150.00 and gave the stock a “buy” rating in a research note on Thursday, April 11th. Erste Group Bank reaffirmed a “hold” rating on shares of Exxon Mobil in a research note on Friday, December 22nd. Finally, TD Cowen lifted their price target on Exxon Mobil from $115.00 to $120.00 and gave the stock a “buy” rating in a research note on Monday, April 1st. Nine analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, Exxon Mobil has an average rating of “Moderate Buy” and an average target price of $132.28.

Exxon Mobil Trading Up 1.2 %

NYSE XOM opened at $119.90 on Friday. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $123.75. The company has a current ratio of 1.48, a quick ratio of 1.09 and a debt-to-equity ratio of 0.18. The stock has a 50-day moving average of $111.55 and a 200-day moving average of $106.33. The firm has a market cap of $474.60 billion, a PE ratio of 13.49, a price-to-earnings-growth ratio of 4.07 and a beta of 0.96.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, February 2nd. The oil and gas company reported $2.48 earnings per share for the quarter, beating analysts’ consensus estimates of $2.20 by $0.28. Exxon Mobil had a return on equity of 18.51% and a net margin of 10.45%. The company had revenue of $84.34 billion during the quarter, compared to analyst estimates of $90.03 billion. During the same quarter in the previous year, the company posted $3.40 EPS. Exxon Mobil’s revenue for the quarter was down 11.6% on a year-over-year basis. As a group, sell-side analysts forecast that Exxon Mobil Co. will post 9.7 EPS for the current year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Wednesday, February 14th were given a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a yield of 3.17%. The ex-dividend date was Tuesday, February 13th. Exxon Mobil’s payout ratio is 42.74%.

Insider Buying and Selling at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,400 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total transaction of $252,000.00. Following the completion of the transaction, the vice president now owns 30,189 shares of the company’s stock, valued at approximately $3,169,845. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.06% of the stock is currently owned by corporate insiders.

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.