Towerpoint Wealth LLC Trims Stake in Exxon Mobil Co. (NYSE:XOM)

Towerpoint Wealth LLC cut its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 6.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 3,911 shares of the oil and gas company’s stock after selling 250 shares during the quarter. Towerpoint Wealth LLC’s holdings in Exxon Mobil were worth $421,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Fairscale Capital LLC purchased a new stake in shares of Exxon Mobil in the second quarter worth $39,000. Hershey Financial Advisers LLC bought a new position in Exxon Mobil in the 2nd quarter worth $46,000. Peterson Financial Group Inc. purchased a new stake in Exxon Mobil in the 3rd quarter worth $51,000. Highline Wealth Partners LLC bought a new stake in Exxon Mobil during the third quarter valued at about $54,000. Finally, Harbor Capital Advisors Inc. purchased a new position in shares of Exxon Mobil in the third quarter valued at about $63,000. Institutional investors own 61.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Redburn Atlantic reiterated a “neutral” rating and set a $120.00 target price (up previously from $119.00) on shares of Exxon Mobil in a research report on Tuesday, September 24th. BMO Capital Markets increased their price objective on shares of Exxon Mobil from $127.00 to $130.00 and gave the company a “market perform” rating in a report on Friday, October 4th. Wolfe Research boosted their target price on shares of Exxon Mobil from $137.00 to $138.00 in a report on Thursday, October 31st. JPMorgan Chase & Co. cut their target price on shares of Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating for the company in a research note on Monday, December 16th. Finally, The Goldman Sachs Group boosted their price target on shares of Exxon Mobil from $118.00 to $120.00 in a research note on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Exxon Mobil presently has a consensus rating of “Moderate Buy” and an average target price of $128.84.

Exxon Mobil Trading Up 0.9 %

XOM stock opened at $112.37 on Friday. The firm’s fifty day simple moving average is $112.73 and its two-hundred day simple moving average is $115.52. The stock has a market capitalization of $493.89 billion, a price-to-earnings ratio of 13.99, a price-to-earnings-growth ratio of 2.70 and a beta of 0.91. The company has a quick ratio of 1.01, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $126.34.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 earnings per share 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 company had revenue of $90.02 billion for the quarter, compared to analyst estimates of $93.98 billion. During the same period in the prior year, the company posted $2.27 EPS. The firm’s revenue for the quarter was down .8% on a year-over-year basis. As a group, analysts anticipate that Exxon Mobil Co. will post 7.86 earnings per share for the current year.

Exxon Mobil Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Thursday, November 14th were issued a dividend of $0.99 per share. The ex-dividend date was Thursday, November 14th. This represents a $3.96 dividend on an annualized basis and a yield of 3.52%. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s payout ratio is presently 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.