Deane Retirement Strategies Inc. Sells 139 Shares of Exxon Mobil Co. (NYSE:XOM)

Deane Retirement Strategies Inc. lowered its stake in Exxon Mobil Co. (NYSE:XOM) by 0.4% in the 1st quarter, HoldingsChannel.com reports. The fund owned 37,871 shares of the oil and gas company’s stock after selling 139 shares during the quarter. Exxon Mobil comprises 2.2% of Deane Retirement Strategies Inc.’s investment portfolio, making the stock its 12th largest holding. Deane Retirement Strategies Inc.’s holdings in Exxon Mobil were worth $4,397,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Root Financial Partners LLC increased its stake in shares of Exxon Mobil by 10.7% in the 4th quarter. Root Financial Partners LLC now owns 2,054 shares of the oil and gas company’s stock valued at $205,000 after acquiring an additional 199 shares in the last quarter. RNC Capital Management LLC grew its position in Exxon Mobil by 5.5% in the 4th quarter. RNC Capital Management LLC now owns 87,926 shares of the oil and gas company’s stock valued at $8,791,000 after purchasing an additional 4,585 shares during the period. Dupree Financial Group LLC acquired a new stake in Exxon Mobil in the 4th quarter valued at $378,000. Intact Investment Management Inc. grew its position in Exxon Mobil by 225.7% in the 4th quarter. Intact Investment Management Inc. now owns 68,400 shares of the oil and gas company’s stock valued at $6,839,000 after purchasing an additional 47,400 shares during the period. Finally, AJOVista LLC acquired a new stake in Exxon Mobil in the 4th quarter valued at $312,000. Institutional investors own 61.80% of the company’s stock.

Insider Activity

In other news, VP Darrin L. Talley sold 2,426 shares of the company’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $119.01, for a total transaction of $288,718.26. Following the sale, the vice president now directly owns 25,363 shares in the company, valued at $3,018,450.63. The sale was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.03% of the company’s stock.

Exxon Mobil Trading Up 2.2 %

Shares of Exxon Mobil stock opened at $111.75 on Friday. Exxon Mobil Co. has a 52-week low of $95.77 and a 52-week high of $123.75. The stock’s 50-day simple moving average is $115.89 and its 200 day simple moving average is $108.98. The stock has a market capitalization of $440.63 billion, a P/E ratio of 13.69, a P/E/G ratio of 3.90 and a beta of 0.92. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.06 and a current ratio of 1.38.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, April 26th. The oil and gas company reported $2.06 earnings per share for the quarter, missing the consensus estimate of $2.19 by ($0.13). Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The company had revenue of $83.08 billion for the quarter, compared to the consensus estimate of $79.69 billion. During the same quarter in the prior year, the company earned $2.83 earnings per share. The company’s quarterly revenue was down 4.0% on a year-over-year basis. As a group, research analysts anticipate that Exxon Mobil Co. will post 9.36 EPS for the current year.

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th were given a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a dividend yield of 3.40%. The ex-dividend date of this dividend was Tuesday, May 14th. Exxon Mobil’s dividend payout ratio is presently 46.57%.

Analysts Set New Price Targets

Several analysts recently issued reports on XOM shares. HSBC lifted their price target on shares of Exxon Mobil from $111.00 to $120.00 and gave the company a “hold” rating in a research report on Tuesday, April 30th. Barclays began coverage on shares of Exxon Mobil in a report on Wednesday, April 10th. They set an “overweight” rating and a $147.00 price objective on the stock. Scotiabank lifted their price objective on shares of Exxon Mobil from $114.00 to $129.00 and gave the stock a “sector perform” rating in a report on Thursday, April 11th. UBS Group lifted their price objective on shares of Exxon Mobil from $150.00 to $152.00 and gave the stock a “buy” rating in a report on Tuesday, May 7th. Finally, TD Cowen lifted their price objective on shares of Exxon Mobil from $128.00 to $135.00 and gave the stock a “buy” rating in a report on Tuesday, April 30th. Nine equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $133.71.

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.