Lmcg Investments LLC Sells 433 Shares of Exxon Mobil Co. (NYSE:XOM)

Lmcg Investments LLC decreased its stake in Exxon Mobil Co. (NYSE:XOM) by 0.5% during the 4th quarter, HoldingsChannel.com reports. The fund owned 90,784 shares of the oil and gas company’s stock after selling 433 shares during the period. Lmcg Investments LLC’s holdings in Exxon Mobil were worth $9,766,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. International Assets Investment Management LLC raised its position in shares of Exxon Mobil by 7,761.0% in the third quarter. International Assets Investment Management LLC now owns 6,893,677 shares of the oil and gas company’s stock valued at $808,077,000 after purchasing an additional 6,805,982 shares during the period. Legal & General Group Plc grew its stake in Exxon Mobil by 19.3% during the second quarter. Legal & General Group Plc now owns 32,308,002 shares of the oil and gas company’s stock valued at $3,719,296,000 after acquiring an additional 5,235,607 shares in the last quarter. Franklin Resources Inc. grew its stake in Exxon Mobil by 16.3% during the third quarter. Franklin Resources Inc. now owns 31,522,556 shares of the oil and gas company’s stock valued at $3,936,929,000 after acquiring an additional 4,415,012 shares in the last quarter. Clearbridge Investments LLC grew its stake in Exxon Mobil by 117.5% during the second quarter. Clearbridge Investments LLC now owns 7,668,483 shares of the oil and gas company’s stock valued at $882,795,000 after acquiring an additional 4,142,171 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its stake in Exxon Mobil by 168.5% during the third quarter. Assenagon Asset Management S.A. now owns 4,530,457 shares of the oil and gas company’s stock valued at $531,060,000 after acquiring an additional 2,842,844 shares in the last quarter. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Trading Up 0.5 %

NYSE:XOM opened at $110.12 on Friday. The company has a fifty day moving average of $111.98 and a 200 day moving average of $115.44. Exxon Mobil Co. has a 52 week low of $97.74 and a 52 week high of $126.34. The company has a quick ratio of 1.01, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $483.97 billion, a P/E ratio of 13.71, a P/E/G ratio of 2.93 and a beta of 0.91.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, beating 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 during the quarter, compared to analyst estimates of $93.98 billion. During the same period in the prior year, the business posted $2.27 EPS. The firm’s revenue was down .8% compared to the same quarter last year. On average, research analysts predict that Exxon Mobil Co. will post 7.77 earnings per share for the current year.

Exxon Mobil Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th were issued a $0.99 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 annualized dividend and a yield of 3.60%. Exxon Mobil’s dividend payout ratio is 49.32%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. JPMorgan Chase & Co. reduced their price objective 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. Mizuho reduced their price objective on shares of Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating for the company in a research note on Monday, December 16th. BMO Capital Markets boosted their price objective on shares of Exxon Mobil from $127.00 to $130.00 and gave the company a “market perform” rating in a research note on Friday, October 4th. TD Cowen cut their price target on shares of Exxon Mobil from $132.00 to $128.00 and set a “buy” rating for the company in a research note on Monday, December 16th. Finally, Wolfe Research boosted their price target on shares of Exxon Mobil from $137.00 to $138.00 in a research note on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $128.84.

Exxon Mobil Company 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.