Exxon Mobil Co. (NYSE:XOM) Shares Sold by Radnor Capital Management LLC

Radnor Capital Management LLC reduced its stake in Exxon Mobil Co. (NYSE:XOM) by 9.2% during the fourth quarter, Holdings Channel.com reports. The fund owned 151,754 shares of the oil and gas company’s stock after selling 15,390 shares during the period. Exxon Mobil makes up about 2.7% of Radnor Capital Management LLC’s portfolio, making the stock its 4th biggest position. Radnor Capital Management LLC’s holdings in Exxon Mobil were worth $16,324,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Fairway Wealth LLC acquired a new stake in shares of Exxon Mobil during the 2nd quarter worth approximately $35,000. Fairscale Capital LLC bought a new position in Exxon Mobil during the second quarter worth $39,000. Hershey Financial Advisers LLC bought a new position in Exxon Mobil during the second quarter worth $46,000. Peterson Financial Group Inc. bought a new stake in Exxon Mobil in the third quarter valued at $51,000. Finally, Highline Wealth Partners LLC bought a new stake in Exxon Mobil in the third quarter valued at $54,000. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Stock Up 1.6 %

XOM stock opened at $111.44 on Thursday. The stock has a market cap of $489.79 billion, a P/E ratio of 13.88, a P/E/G ratio of 4.65 and a beta of 0.91. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. The stock’s fifty day simple moving average is $113.12 and its two-hundred day simple moving average is $115.58. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $126.34.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, topping analysts’ consensus estimates of $1.91 by $0.01. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The company had revenue of $90.02 billion for the quarter, compared to the consensus estimate of $93.98 billion. During the same period in the previous year, the firm earned $2.27 EPS. The firm’s quarterly revenue was down .8% on a year-over-year basis. Analysts expect that Exxon Mobil Co. will post 7.95 EPS for the current year.

Exxon Mobil Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th were given a dividend of $0.99 per share. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.55%. The ex-dividend date was Thursday, November 14th. Exxon Mobil’s dividend payout ratio is currently 49.32%.

Analyst Ratings Changes

A number of research firms recently weighed in on XOM. Mizuho dropped their price target on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating on the stock in a research note on Monday, December 16th. Bank of America initiated coverage on Exxon Mobil in a report on Thursday, October 17th. They issued a “neutral” rating and a $124.00 target price on the stock. UBS Group reduced their price target on shares of Exxon Mobil from $149.00 to $147.00 and set a “buy” rating for the company in a research report on Thursday, December 12th. Wolfe Research upped their price objective on shares of Exxon Mobil from $137.00 to $138.00 in a report on Thursday, October 31st. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $115.00 price objective on shares of Exxon Mobil in a report on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $128.84.

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.