Pine Haven Investment Counsel Inc Reduces Stock Position in Exxon Mobil Co. (NYSE:XOM)

Pine Haven Investment Counsel Inc trimmed its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 1.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,280 shares of the oil and gas company’s stock after selling 329 shares during the period. Exxon Mobil accounts for about 1.8% of Pine Haven Investment Counsel Inc’s holdings, making the stock its 13th largest holding. Pine Haven Investment Counsel Inc’s holdings in Exxon Mobil were worth $2,182,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in XOM. Diversify Wealth Management LLC increased its position in shares of Exxon Mobil by 54.9% during the fourth quarter. Diversify Wealth Management LLC now owns 31,378 shares of the oil and gas company’s stock worth $3,343,000 after purchasing an additional 11,125 shares in the last quarter. Smart Money Group LLC grew its stake in Exxon Mobil by 3.1% during the 4th quarter. Smart Money Group LLC now owns 9,087 shares of the oil and gas company’s stock worth $978,000 after buying an additional 276 shares during the last quarter. Ellsworth Advisors LLC increased its position in Exxon Mobil by 2.6% during the fourth quarter. Ellsworth Advisors LLC now owns 25,131 shares of the oil and gas company’s stock worth $2,703,000 after buying an additional 627 shares during the period. RoundAngle Advisors LLC purchased a new stake in Exxon Mobil in the fourth quarter valued at approximately $1,421,000. Finally, Annex Advisory Services LLC boosted its holdings in shares of Exxon Mobil by 24.9% in the fourth quarter. Annex Advisory Services LLC now owns 16,513 shares of the oil and gas company’s stock valued at $1,776,000 after acquiring an additional 3,287 shares during the period. 61.80% of the stock is owned by institutional investors and hedge funds.

Exxon Mobil Stock Performance

XOM opened at $111.52 on Wednesday. The stock’s 50 day simple moving average is $112.40 and its 200 day simple moving average is $115.50. The stock has a market cap of $490.12 billion, a P/E ratio of 13.89, a P/E/G ratio of 3.01 and a beta of 0.91. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $126.34. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, beating analysts’ consensus estimates of $1.91 by $0.01. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The business had revenue of $90.02 billion during the quarter, compared to analysts’ expectations of $93.98 billion. During the same quarter last year, the business posted $2.27 earnings per share. The business’s revenue for the quarter was down .8% on a year-over-year basis. As a group, equities analysts anticipate that Exxon Mobil Co. will post 7.77 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

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

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. The Goldman Sachs Group upped their price target on shares of Exxon Mobil from $118.00 to $120.00 in a research report on Thursday, October 31st. TD Cowen lowered their price target on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating on the stock in a report on Monday, December 16th. BMO Capital Markets upped their price objective on Exxon Mobil from $127.00 to $130.00 and gave the company a “market perform” rating in a research note on Friday, October 4th. Mizuho lowered their target price 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. Finally, Wells Fargo & Company increased their price target on Exxon Mobil from $135.00 to $136.00 and gave the stock an “overweight” rating in a report on Friday, September 27th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $128.84.

Exxon Mobil 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.