Private Capital Management LLC Sells 1,195 Shares of Exxon Mobil Co. (NYSE:XOM)

Private Capital Management LLC lowered its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 22.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,095 shares of the oil and gas company’s stock after selling 1,195 shares during the period. Private Capital Management LLC’s holdings in Exxon Mobil were worth $480,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Fiducient Advisors LLC grew its holdings in shares of Exxon Mobil by 224.2% in the third quarter. Fiducient Advisors LLC now owns 21,407 shares of the oil and gas company’s stock valued at $2,509,000 after purchasing an additional 14,803 shares in the last quarter. Cornerstone Wealth Group LLC grew its holdings in shares of Exxon Mobil by 1.0% in the third quarter. Cornerstone Wealth Group LLC now owns 82,500 shares of the oil and gas company’s stock valued at $9,671,000 after purchasing an additional 791 shares in the last quarter. S.A. Mason LLC grew its holdings in shares of Exxon Mobil by 4.3% in the third quarter. S.A. Mason LLC now owns 7,033 shares of the oil and gas company’s stock valued at $824,000 after purchasing an additional 291 shares in the last quarter. Voisard Asset Management Group Inc. grew its holdings in shares of Exxon Mobil by 3.3% in the third quarter. Voisard Asset Management Group Inc. now owns 4,634 shares of the oil and gas company’s stock valued at $543,000 after purchasing an additional 147 shares in the last quarter. Finally, Catalyst Financial Partners LLC grew its holdings in shares of Exxon Mobil by 2.7% in the third quarter. Catalyst Financial Partners LLC now owns 27,947 shares of the oil and gas company’s stock valued at $3,276,000 after purchasing an additional 726 shares in the last quarter. Institutional investors own 61.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. TD Cowen cut their target price on shares of Exxon Mobil from $132.00 to $128.00 and set a “buy” rating for the company in a report on Monday, December 16th. The Goldman Sachs Group dropped their price objective on shares of Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $115.00 price objective on shares of Exxon Mobil in a research note on Monday, February 3rd. HSBC dropped their price objective on shares of Exxon Mobil from $125.00 to $123.00 and set a “hold” rating for the company in a research note on Friday, January 31st. Finally, BMO Capital Markets dropped their price objective on shares of 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 issued a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $129.25.

Exxon Mobil Stock Performance

XOM stock opened at $111.33 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. The business has a 50-day moving average price of $108.95 and a 200 day moving average price of $114.23. The company has a market capitalization of $483.08 billion, a P/E ratio of 14.20, a PEG ratio of 3.02 and a beta of 0.89. Exxon Mobil Co. has a 1-year low of $104.03 and a 1-year high of $126.34.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 earnings per share for the quarter, missing the consensus estimate of $1.77 by ($0.10). Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. During the same period in the prior year, the company earned $2.48 earnings per share. As a group, equities research analysts forecast that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Wednesday, February 12th will be issued a $0.99 dividend. The ex-dividend date is Wednesday, February 12th. This represents a $3.96 annualized dividend and a dividend yield of 3.56%. Exxon Mobil’s payout ratio is currently 50.51%.

Insider Activity at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the business’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total value of $231,000.00. Following the completion of the transaction, the vice president now directly owns 18,087 shares in the company, valued at approximately $1,989,570. The trade was a 10.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.03% 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.