Cross Staff Investments Inc Sells 118 Shares of Exxon Mobil Co. (NYSE:XOM)

Cross Staff Investments Inc lessened its position in shares of Exxon Mobil Co. (NYSE:XOM) by 1.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,265 shares of the oil and gas company’s stock after selling 118 shares during the quarter. Cross Staff Investments Inc’s holdings in Exxon Mobil were worth $1,026,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the company. FMR LLC raised its stake in shares of Exxon Mobil by 3.0% in the 3rd quarter. FMR LLC now owns 145,199,301 shares of the oil and gas company’s stock valued at $17,072,534,000 after buying an additional 4,162,149 shares in the last quarter. Morgan Stanley lifted its stake in Exxon Mobil by 2.0% during the third quarter. Morgan Stanley now owns 53,828,024 shares of the oil and gas company’s stock worth $6,329,099,000 after purchasing an additional 1,066,937 shares during the period. Northern Trust Corp lifted its stake in Exxon Mobil by 1.3% during the third quarter. Northern Trust Corp now owns 43,696,758 shares of the oil and gas company’s stock worth $5,137,865,000 after purchasing an additional 576,078 shares during the period. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in Exxon Mobil by 1.2% during the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 10,882,947 shares of the oil and gas company’s stock valued at $1,088,077,000 after purchasing an additional 132,196 shares in the last quarter. Finally, California Public Employees Retirement System grew its stake in shares of Exxon Mobil by 15.8% in the 3rd quarter. California Public Employees Retirement System now owns 9,197,103 shares of the oil and gas company’s stock valued at $1,081,395,000 after purchasing an additional 1,252,505 shares during the period. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,400 shares of the company’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $105.00, for a total value of $252,000.00. Following the completion of the sale, the vice president now directly owns 30,189 shares of the company’s stock, valued at approximately $3,169,845. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.03% of the company’s stock.

Exxon Mobil Trading Down 2.1 %

Shares of XOM stock traded down $2.55 during trading hours on Friday, reaching $118.78. The company had a trading volume of 19,625,715 shares, compared to its average volume of 18,111,320. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $123.75. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.48 and a quick ratio of 1.09. The firm has a market cap of $470.16 billion, a price-to-earnings ratio of 13.11, a P/E/G ratio of 4.16 and a beta of 0.96. The company has a 50 day moving average of $113.04 and a 200 day moving average of $106.62.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, April 26th. The oil and gas company reported $2.06 EPS for the quarter, missing the consensus estimate of $2.19 by ($0.13). The firm had revenue of $83.08 billion during the quarter, compared to analyst estimates of $79.69 billion. Exxon Mobil had a net margin of 10.45% and a return on equity of 18.51%. The business’s quarterly revenue was down 4.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.83 earnings per share. On average, equities research analysts anticipate that Exxon Mobil Co. will post 9.7 EPS for the current year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Wednesday, February 14th were paid a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 3.20%. The ex-dividend date of this dividend was Tuesday, February 13th. Exxon Mobil’s dividend payout ratio (DPR) is presently 42.74%.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. TD Cowen upped their price target on Exxon Mobil from $115.00 to $120.00 and gave the company a “buy” rating in a research report on Monday, April 1st. Mizuho reiterated a “neutral” rating and set a $125.00 target price on shares of Exxon Mobil in a research report on Thursday, April 4th. Redburn Atlantic raised shares of Exxon Mobil from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $116.00 to $119.00 in a research note on Tuesday, January 9th. Wells Fargo & Company lifted their target price on shares of Exxon Mobil from $126.00 to $138.00 and gave the company an “overweight” rating in a research note on Thursday, April 4th. Finally, Barclays assumed coverage on Exxon Mobil in a report on Wednesday, April 10th. They issued an “overweight” rating and a $147.00 target price on the stock. Eight analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, Exxon Mobil has a consensus rating of “Moderate Buy” and a consensus target price of $132.28.

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.