Courier Capital LLC Trims Stake in Exxon Mobil Co. (NYSE:XOM)

Courier Capital LLC decreased its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 8.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 81,740 shares of the oil and gas company’s stock after selling 7,220 shares during the period. Courier Capital LLC’s holdings in Exxon Mobil were worth $8,793,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on XOM shares. BMO Capital Markets increased their price target on Exxon Mobil from $127.00 to $130.00 and gave the stock a “market perform” rating in a research note on Friday, October 4th. UBS Group decreased their price target on Exxon Mobil from $149.00 to $147.00 and set a “buy” rating on the stock in a research note on Thursday, December 12th. Scotiabank upgraded Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and lifted their price target for the company from $129.00 to $145.00 in a report on Thursday, October 10th. Morgan Stanley cut their price objective on shares of Exxon Mobil from $142.00 to $140.00 in a report on Thursday, October 31st. Finally, Barclays lowered their target price on shares of Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating for the company in a report on Thursday, October 3rd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Exxon Mobil has an average rating of “Moderate Buy” and an average target price of $128.84.

Exxon Mobil Price Performance

XOM stock opened at $109.27 on Tuesday. The firm has a market cap of $480.25 billion, a P/E ratio of 13.61, a price-to-earnings-growth 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 Co. has a 1 year low of $95.77 and a 1 year high of $126.34. The stock has a 50-day simple moving average of $113.31 and a 200-day simple moving average of $115.61.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.91 by $0.01. The company had revenue of $90.02 billion for the quarter, compared to analyst estimates of $93.98 billion. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The business’s quarterly revenue was down .8% on a year-over-year basis. During the same quarter last year, the firm posted $2.27 earnings per share. On average, equities analysts predict that Exxon Mobil Co. will post 7.95 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th were paid a dividend of $0.99 per share. The ex-dividend date was Thursday, November 14th. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 annualized dividend and a dividend yield of 3.62%. Exxon Mobil’s dividend payout ratio (DPR) is currently 49.32%.

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.