Godsey & Gibb Inc. Trims Position in Exxon Mobil Co. (NYSE:XOM)

Godsey & Gibb Inc. decreased its position in shares of Exxon Mobil Co. (NYSE:XOM) by 1.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 50,566 shares of the oil and gas company’s stock after selling 619 shares during the quarter. Godsey & Gibb Inc.’s holdings in Exxon Mobil were worth $5,439,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Fairway Wealth LLC bought a new stake in shares of Exxon Mobil during the second quarter valued at approximately $35,000. Fairscale Capital LLC purchased a new position in Exxon Mobil during the second quarter valued at $39,000. Hershey Financial Advisers LLC bought a new stake in Exxon Mobil in the 2nd quarter valued at $46,000. Peterson Financial Group Inc. purchased a new stake in Exxon Mobil in the 3rd quarter worth $51,000. Finally, Highline Wealth Partners LLC bought a new position in shares of Exxon Mobil during the 3rd quarter valued at about $54,000. Institutional investors own 61.80% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Barclays decreased their target price on Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating on the stock in a research report on Thursday, October 3rd. JPMorgan Chase & Co. lowered their target price on Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating for the company in a research report on Monday, December 16th. Mizuho reduced 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. UBS Group lowered their price objective on shares of Exxon Mobil from $149.00 to $147.00 and set a “buy” rating for the company in a research report on Thursday, December 12th. Finally, The Goldman Sachs Group boosted their target price on shares of Exxon Mobil from $118.00 to $120.00 in a report on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Exxon Mobil has an average rating of “Moderate Buy” and a consensus target price of $128.84.

Exxon Mobil Stock Down 0.2 %

Shares of XOM opened at $111.32 on Friday. The firm has a fifty day moving average price of $112.93 and a 200-day moving average price of $115.55. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $489.27 billion, a P/E ratio of 13.86, a P/E/G ratio of 2.70 and a beta of 0.91. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $126.34.

Exxon Mobil (NYSE:XOM) last issued its earnings results 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 net margin of 9.61% and a return on equity of 14.73%. The business had revenue of $90.02 billion for the quarter, compared to the consensus estimate of $93.98 billion. During the same period in the prior year, the firm earned $2.27 EPS. The company’s revenue for the quarter was down .8% compared to the same quarter last year. Equities research analysts expect that Exxon Mobil Co. will post 7.86 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. Shareholders of record on Thursday, November 14th were given a dividend of $0.99 per share. The ex-dividend date was Thursday, November 14th. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 dividend on an annualized basis and a yield of 3.56%. Exxon Mobil’s payout ratio is 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.