Channel Wealth LLC Sells 1,865 Shares of Exxon Mobil Co. (NYSE:XOM)

Channel Wealth LLC trimmed its position in shares of Exxon Mobil Co. (NYSE:XOM) by 16.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 9,225 shares of the oil and gas company’s stock after selling 1,865 shares during the quarter. Channel Wealth LLC’s holdings in Exxon Mobil were worth $992,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Sterling Financial Group Inc. increased its position in shares of Exxon Mobil by 3.3% during the fourth quarter. Sterling Financial Group Inc. now owns 3,439 shares of the oil and gas company’s stock worth $370,000 after purchasing an additional 110 shares in the last quarter. Decker Retirement Planning Inc. purchased a new position in Exxon Mobil during the 4th quarter worth $182,000. Empirical Asset Management LLC increased its position in Exxon Mobil by 49.7% during the 4th quarter. Empirical Asset Management LLC now owns 43,882 shares of the oil and gas company’s stock valued at $4,720,000 after buying an additional 14,572 shares in the last quarter. Constitution Capital LLC raised its stake in Exxon Mobil by 95.7% in the fourth quarter. Constitution Capital LLC now owns 8,505 shares of the oil and gas company’s stock valued at $915,000 after buying an additional 4,160 shares during the last quarter. Finally, Central Valley Advisors LLC boosted its holdings in Exxon Mobil by 5.9% in the fourth quarter. Central Valley Advisors LLC now owns 6,860 shares of the oil and gas company’s stock worth $738,000 after acquiring an additional 384 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Trading Up 0.9 %

Shares of NYSE:XOM opened at $112.37 on Friday. The company has a market capitalization of $493.89 billion, a PE ratio of 13.99, a PEG 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. The business has a 50 day moving average of $112.73 and a two-hundred day moving average of $115.52. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13.

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, 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 firm 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 posted $2.27 earnings per share. The firm’s quarterly revenue was down .8% compared to the same quarter last year. As a group, analysts forecast that Exxon Mobil Co. will post 7.86 EPS for the current year.

Exxon Mobil Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Thursday, November 14th were paid a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 3.52%. 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. Exxon Mobil’s payout ratio is currently 49.32%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on XOM shares. Wolfe Research upped their price objective on shares of Exxon Mobil from $137.00 to $138.00 in a report on Thursday, October 31st. Royal Bank of Canada restated a “sector perform” rating and set a $115.00 price target on shares of Exxon Mobil in a research note on Thursday, December 12th. Mizuho decreased their price target on shares of Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating for the company in a report on Monday, December 16th. Barclays dropped their price objective on shares of Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating on the stock in a report on Thursday, October 3rd. Finally, JPMorgan Chase & Co. reduced their target price on Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating for the company in a research note on Monday, December 16th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Exxon Mobil currently has an average rating of “Moderate Buy” and an average 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.