Exxon Mobil Co. (NYSE:XOM) Shares Sold by IVC Wealth Advisors LLC

IVC Wealth Advisors LLC decreased its position in shares of Exxon Mobil Co. (NYSE:XOM) by 37.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,279 shares of the oil and gas company’s stock after selling 3,688 shares during the period. IVC Wealth Advisors LLC’s holdings in Exxon Mobil were worth $675,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the company. AXA S.A. raised its stake in Exxon Mobil by 18.5% during the 2nd quarter. AXA S.A. now owns 130,996 shares of the oil and gas company’s stock valued at $15,080,000 after acquiring an additional 20,475 shares during the last quarter. Beaird Harris Wealth Management LLC increased its holdings in shares of Exxon Mobil by 297.3% in the second quarter. Beaird Harris Wealth Management LLC now owns 35,145 shares of the oil and gas company’s stock valued at $4,046,000 after purchasing an additional 26,300 shares during the period. Comerica Bank raised its stake in shares of Exxon Mobil by 5.4% during the second quarter. Comerica Bank now owns 1,570,767 shares of the oil and gas company’s stock worth $180,827,000 after purchasing an additional 80,818 shares during the last quarter. Oliver Lagore Vanvalin Investment Group lifted its holdings in shares of Exxon Mobil by 24.4% during the second quarter. Oliver Lagore Vanvalin Investment Group now owns 4,770 shares of the oil and gas company’s stock worth $549,000 after purchasing an additional 937 shares during the period. Finally, Arkos Global Advisors increased its stake in Exxon Mobil by 21.8% in the 2nd quarter. Arkos Global Advisors now owns 4,124 shares of the oil and gas company’s stock valued at $475,000 after buying an additional 737 shares during the period. 61.80% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on XOM shares. UBS Group cut their target price on Exxon Mobil from $149.00 to $147.00 and set a “buy” rating for the company in a research note on Thursday, December 12th. Barclays decreased their price target on Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating on the stock in a research note on Thursday, October 3rd. Wolfe Research raised their price objective on Exxon Mobil from $137.00 to $138.00 in a research note on Thursday, October 31st. Morgan Stanley decreased their target price on Exxon Mobil from $142.00 to $140.00 in a research report on Thursday, October 31st. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $115.00 price target on shares of Exxon Mobil in a research note on Thursday, December 12th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $128.84.

Exxon Mobil Trading Down 1.4 %

Shares of Exxon Mobil stock opened at $108.64 on Friday. The firm has a market cap of $477.48 billion, a PE ratio of 13.53, a P/E/G ratio of 2.86 and a beta of 0.91. The company has a quick ratio of 1.01, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. Exxon Mobil Co. has a fifty-two week low of $99.61 and a fifty-two week high of $126.34. The business’s fifty day moving average is $111.56 and its two-hundred day moving average is $115.38.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, topping 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 the consensus estimate of $93.98 billion. During the same period in the prior year, the firm posted $2.27 EPS. The business’s revenue for the quarter was down .8% on a year-over-year basis. Analysts anticipate that Exxon Mobil Co. will post 7.77 earnings per share for the current year.

Exxon Mobil Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th were issued a dividend of $0.99 per share. The ex-dividend date was Thursday, November 14th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.65%. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s payout ratio is presently 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.