Exxon Mobil Co. (NYSE:XOM) Shares Sold by Cascade Investment Group Inc.

Cascade Investment Group Inc. decreased its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 4.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,860 shares of the oil and gas company’s stock after selling 206 shares during the period. Cascade Investment Group Inc.’s holdings in Exxon Mobil were worth $523,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Grove Bank & Trust boosted its stake in shares of Exxon Mobil by 4.5% during the 4th quarter. Grove Bank & Trust now owns 62,387 shares of the oil and gas company’s stock worth $6,711,000 after acquiring an additional 2,701 shares in the last quarter. Brady Martz Wealth Solutions LLC purchased a new stake in Exxon Mobil in the 4th quarter valued at approximately $1,412,000. Ballast Inc. lifted its stake in Exxon Mobil by 6.2% in the 4th quarter. Ballast Inc. now owns 13,753 shares of the oil and gas company’s stock valued at $1,479,000 after buying an additional 805 shares in the last quarter. My Legacy Advisors LLC lifted its stake in Exxon Mobil by 10.3% in the 4th quarter. My Legacy Advisors LLC now owns 7,401 shares of the oil and gas company’s stock valued at $825,000 after buying an additional 693 shares in the last quarter. Finally, Arbor Trust Wealth Advisors LLC lifted its stake in Exxon Mobil by 67.3% in the 4th quarter. Arbor Trust Wealth Advisors LLC now owns 14,945 shares of the oil and gas company’s stock valued at $1,608,000 after buying an additional 6,012 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Up 0.9 %

Shares of NYSE XOM opened at $112.37 on Tuesday. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $126.34. The company has a market cap of $493.89 billion, a P/E ratio of 13.99, a P/E/G ratio of 2.70 and a beta of 0.91. 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 stock has a fifty day moving average price of $112.56 and a 200 day moving average price of $115.51.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.91 by $0.01. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The firm had revenue of $90.02 billion during the quarter, compared to the consensus estimate of $93.98 billion. The firm’s quarterly revenue was down .8% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.27 EPS. Research analysts anticipate that Exxon Mobil Co. will post 7.86 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th were given a $0.99 dividend. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 dividend on an annualized basis and a yield of 3.52%. The ex-dividend date was Thursday, November 14th. Exxon Mobil’s dividend payout ratio is presently 49.32%.

Analysts Set New Price Targets

A number of research firms recently issued reports on XOM. Redburn Atlantic reaffirmed a “neutral” rating and issued a $120.00 target price (up previously from $119.00) on shares of Exxon Mobil in a research note on Tuesday, September 24th. The Goldman Sachs Group upped their target price on Exxon Mobil from $118.00 to $120.00 in a research note on Thursday, October 31st. Bank of America began coverage on Exxon Mobil in a research note on Thursday, October 17th. They issued a “neutral” rating and a $124.00 target price on the stock. Scotiabank raised Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and upped their target price for the company from $129.00 to $145.00 in a research note on Thursday, October 10th. Finally, UBS Group reduced their price target on Exxon Mobil from $149.00 to $147.00 and set a “buy” rating on the stock in a research note on Thursday, December 12th. One 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 stock. 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 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.