Oak Asset Management LLC Trims Stake in Exxon Mobil Co. (NYSE:XOM)

Oak Asset Management LLC reduced its position in Exxon Mobil Co. (NYSE:XOM) by 0.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 17,009 shares of the oil and gas company’s stock after selling 125 shares during the period. Oak Asset Management LLC’s holdings in Exxon Mobil were worth $1,701,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. KB Financial Partners LLC acquired a new position in Exxon Mobil in the 1st quarter valued at about $27,000. IMA Wealth Inc. increased its position in Exxon Mobil by 720.0% in the 2nd quarter. IMA Wealth Inc. now owns 369 shares of the oil and gas company’s stock valued at $40,000 after acquiring an additional 324 shares during the period. FWL Investment Management LLC acquired a new position in Exxon Mobil in the 4th quarter valued at about $43,000. Turim 21 Investimentos Ltda. increased its position in Exxon Mobil by 222.5% during the 1st quarter. Turim 21 Investimentos Ltda. now owns 574 shares of the oil and gas company’s stock worth $47,000 after purchasing an additional 396 shares during the period. Finally, DHJJ Financial Advisors Ltd. acquired a new position in Exxon Mobil during the 3rd quarter worth approximately $49,000. 61.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

XOM has been the topic of several recent analyst reports. JPMorgan Chase & Co. dropped their target price on Exxon Mobil from $134.00 to $127.00 and set an “overweight” rating on the stock in a research report on Friday, December 8th. Royal Bank of Canada reissued a “sector perform” rating and set a $120.00 price target on shares of Exxon Mobil in a research note on Monday, February 5th. Mizuho reissued a “neutral” rating and set a $125.00 price target on shares of Exxon Mobil in a research note on Thursday. Erste Group Bank reissued a “hold” rating on shares of Exxon Mobil in a research note on Friday, December 22nd. Finally, Redburn Atlantic raised Exxon Mobil from a “neutral” rating to a “buy” rating and upped their target price for the company from $116.00 to $119.00 in a research note on Tuesday, January 9th. Nine investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $129.82.

Exxon Mobil Trading Up 1.4 %

Shares of Exxon Mobil stock opened at $121.36 on Friday. Exxon Mobil Co. has a fifty-two week low of $95.77 and a fifty-two week high of $122.15. The firm has a market cap of $481.54 billion, a PE ratio of 13.65, a P/E/G ratio of 4.37 and a beta of 0.96. The business’s fifty day moving average is $108.06 and its two-hundred day moving average is $106.11. The company has a quick ratio of 1.09, a current ratio of 1.48 and a debt-to-equity ratio of 0.18.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, February 2nd. The oil and gas company reported $2.48 EPS for the quarter, topping analysts’ consensus estimates of $2.20 by $0.28. The business had revenue of $84.34 billion during the quarter, compared to the consensus estimate of $90.03 billion. Exxon Mobil had a return on equity of 18.51% and a net margin of 10.45%. The business’s revenue for the quarter was down 11.6% on a year-over-year basis. During the same period in the prior year, the firm posted $3.40 EPS. Analysts anticipate that Exxon Mobil Co. will post 9.11 earnings per share for the current year.

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Wednesday, February 14th were issued a dividend of $0.95 per share. The ex-dividend date of this dividend was Tuesday, February 13th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.13%. Exxon Mobil’s payout ratio is 42.74%.

Insider Transactions at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,400 shares of the company’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total transaction of $252,000.00. Following the completion of the sale, the vice president now directly owns 30,189 shares in the company, valued at approximately $3,169,845. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.06% of the company’s stock.

Exxon Mobil Company 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.