Brendel Financial Advisors LLC Sells 601 Shares of Exxon Mobil Co. (NYSE:XOM)

Brendel Financial Advisors LLC decreased its position in shares of Exxon Mobil Co. (NYSE:XOM) by 1.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 48,098 shares of the oil and gas company’s stock after selling 601 shares during the period. Exxon Mobil makes up 3.1% of Brendel Financial Advisors LLC’s holdings, making the stock its 2nd biggest position. Brendel Financial Advisors LLC’s holdings in Exxon Mobil were worth $5,174,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Eagle Capital Management LLC raised its stake in Exxon Mobil by 4.9% during the second quarter. Eagle Capital Management LLC now owns 2,460 shares of the oil and gas company’s stock worth $283,000 after acquiring an additional 114 shares in the last quarter. Black Diamond Financial LLC raised its holdings in Exxon Mobil by 129.9% in the 2nd quarter. Black Diamond Financial LLC now owns 5,051 shares of the oil and gas company’s stock valued at $582,000 after buying an additional 2,854 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of Exxon Mobil by 532.8% during the second quarter. Massachusetts Financial Services Co. MA now owns 16,815,314 shares of the oil and gas company’s stock worth $1,935,779,000 after purchasing an additional 14,158,054 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Exxon Mobil by 16.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 36,794,077 shares of the oil and gas company’s stock worth $4,235,972,000 after buying an additional 5,330,887 shares during the period. Finally, Sierra Summit Advisors LLC raised its position in shares of Exxon Mobil by 11.5% during the second quarter. Sierra Summit Advisors LLC now owns 4,632 shares of the oil and gas company’s stock worth $533,000 after acquiring an additional 479 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have commented on XOM shares. Mizuho cut their price target on shares of Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating on the stock in a research report on Monday, December 16th. Wells Fargo & Company lifted their price target on shares of Exxon Mobil from $135.00 to $136.00 and gave the company an “overweight” rating in a research report on Friday, September 27th. Redburn Atlantic reissued a “neutral” rating and issued a $120.00 price objective (up from $119.00) on shares of Exxon Mobil in a research note on Tuesday, September 24th. Royal Bank of Canada restated a “sector perform” rating and set a $115.00 price objective on shares of Exxon Mobil in a research note on Thursday, December 12th. Finally, The Goldman Sachs Group lifted their target price on shares of Exxon Mobil from $118.00 to $120.00 in a research report on Thursday, October 31st. One research analyst has rated the stock with a sell rating, seven have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Exxon Mobil presently has an average rating of “Moderate Buy” and an average target price of $128.84.

Exxon Mobil Price Performance

XOM stock opened at $111.44 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. The firm has a 50 day moving average price of $113.12 and a 200-day moving average price of $115.58. Exxon Mobil Co. has a 52-week low of $95.77 and a 52-week high of $126.34. The firm has a market capitalization of $489.79 billion, a price-to-earnings ratio of 13.88, a PEG ratio of 4.65 and a beta of 0.91.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, beating the consensus estimate of $1.91 by $0.01. The company had revenue of $90.02 billion for the quarter, compared to the consensus estimate of $93.98 billion. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. Exxon Mobil’s revenue for the quarter was down .8% on a year-over-year basis. During the same period in the prior year, the firm posted $2.27 EPS. Equities research analysts forecast that Exxon Mobil Co. will post 7.95 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The business also recently announced 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. The ex-dividend date was Thursday, November 14th. This represents a $3.96 annualized dividend and a yield of 3.55%. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s dividend payout ratio is currently 49.32%.

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.