Mountain Pacific Investment Advisers LLC Decreases Position in Exxon Mobil Co. (NYSE:XOM)

Mountain Pacific Investment Advisers LLC trimmed its position in shares of Exxon Mobil Co. (NYSE:XOM) by 0.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 37,698 shares of the oil and gas company’s stock after selling 300 shares during the quarter. Mountain Pacific Investment Advisers LLC’s holdings in Exxon Mobil were worth $4,055,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of XOM. Eagle Capital Management LLC lifted its position in shares of Exxon Mobil by 4.9% in the second quarter. Eagle Capital Management LLC now owns 2,460 shares of the oil and gas company’s stock valued at $283,000 after acquiring an additional 114 shares in the last quarter. Sfmg LLC lifted its position in shares of Exxon Mobil by 19.2% in the second quarter. Sfmg LLC now owns 19,528 shares of the oil and gas company’s stock valued at $2,248,000 after acquiring an additional 3,141 shares in the last quarter. Royal Capital Wealth Management LLC lifted its position in shares of Exxon Mobil by 3.6% in the second quarter. Royal Capital Wealth Management LLC now owns 26,521 shares of the oil and gas company’s stock valued at $3,053,000 after acquiring an additional 911 shares in the last quarter. Insigneo Advisory Services LLC lifted its position in shares of Exxon Mobil by 12.5% in the second quarter. Insigneo Advisory Services LLC now owns 47,418 shares of the oil and gas company’s stock valued at $5,442,000 after acquiring an additional 5,280 shares in the last quarter. Finally, Wescott Financial Advisory Group LLC lifted its position in shares of Exxon Mobil by 0.7% in the second quarter. Wescott Financial Advisory Group LLC now owns 24,015 shares of the oil and gas company’s stock valued at $2,765,000 after acquiring an additional 165 shares in the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Exxon Mobil Price Performance

XOM stock opened at $109.46 on Thursday. 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 $96.73 and a 1 year high of $126.34. The firm has a market cap of $481.07 billion, a P/E ratio of 13.63, a price-to-earnings-growth ratio of 2.98 and a beta of 0.91. The stock has a 50-day simple moving average of $112.22 and a 200-day simple moving average of $115.48.

Exxon Mobil (NYSE:XOM) last posted its earnings results 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. 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 analyst estimates of $93.98 billion. During the same quarter last year, the firm earned $2.27 earnings per share. The company’s revenue for the quarter was down .8% compared to the same quarter last year. On average, equities analysts predict that Exxon Mobil Co. will post 7.77 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

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

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Wells Fargo & Company upped their price objective on Exxon Mobil from $135.00 to $136.00 and gave the company an “overweight” rating in a research report on Friday, September 27th. Bank of America began coverage on Exxon Mobil in a research report on Thursday, October 17th. They set a “neutral” rating and a $124.00 target price on the stock. The Goldman Sachs Group increased their target price on Exxon Mobil from $118.00 to $120.00 in a research report on Thursday, October 31st. Royal Bank of Canada reiterated a “sector perform” rating and set a $115.00 target price on shares of Exxon Mobil in a research report on Thursday, December 12th. Finally, Barclays reduced their target price on Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating on the stock in a research report on Thursday, October 3rd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average 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.