Marshall Financial Group LLC Sells 807 Shares of Exxon Mobil Co. (NYSE:XOM)

Marshall Financial Group LLC decreased its stake in Exxon Mobil Co. (NYSE:XOM) by 10.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,666 shares of the oil and gas company’s stock after selling 807 shares during the period. Marshall Financial Group LLC’s holdings in Exxon Mobil were worth $717,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Jamison Private Wealth Management Inc. lifted its position in shares of Exxon Mobil by 2.8% in the fourth quarter. Jamison Private Wealth Management Inc. now owns 51,644 shares of the oil and gas company’s stock valued at $5,555,000 after buying an additional 1,420 shares during the last quarter. Duncan Williams Asset Management LLC grew its holdings in Exxon Mobil by 35.2% in the 4th quarter. Duncan Williams Asset Management LLC now owns 7,760 shares of the oil and gas company’s stock valued at $835,000 after buying an additional 2,020 shares in the last quarter. TTP Investments Inc. increased its position in Exxon Mobil by 0.4% during the 4th quarter. TTP Investments Inc. now owns 29,709 shares of the oil and gas company’s stock worth $3,196,000 after buying an additional 130 shares during the period. Precedent Wealth Partners LLC raised its stake in Exxon Mobil by 0.8% in the 4th quarter. Precedent Wealth Partners LLC now owns 22,094 shares of the oil and gas company’s stock worth $2,377,000 after purchasing an additional 182 shares in the last quarter. Finally, Patton Albertson Miller Group LLC raised its position in shares of Exxon Mobil by 8.0% in the fourth quarter. Patton Albertson Miller Group LLC now owns 15,744 shares of the oil and gas company’s stock valued at $1,694,000 after buying an additional 1,163 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. BMO Capital Markets upped their price objective on shares of Exxon Mobil from $127.00 to $130.00 and gave the stock a “market perform” rating in a research report on Friday, October 4th. Scotiabank raised Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and lifted their price target for the company from $129.00 to $145.00 in a research note on Thursday, October 10th. Wolfe Research raised their target price on Exxon Mobil from $137.00 to $138.00 in a research report on Thursday, October 31st. Bank of America began coverage on shares of Exxon Mobil in a report on Thursday, October 17th. They set a “neutral” rating and a $124.00 price target for the company. Finally, Mizuho cut their target price on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating on the stock in a research report on Monday, December 16th. 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 assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $128.84.

Exxon Mobil Price Performance

XOM opened at $107.99 on Wednesday. Exxon Mobil Co. has a 1 year low of $100.42 and a 1 year high of $126.34. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01. The company has a market capitalization of $474.64 billion, a price-to-earnings ratio of 13.45, a P/E/G ratio of 2.86 and a beta of 0.91. The firm’s fifty day moving average price is $111.35 and its two-hundred day moving average price is $115.41.

Exxon Mobil (NYSE:XOM) last issued 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. The company had revenue of $90.02 billion during the quarter, compared to the consensus estimate of $93.98 billion. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. Exxon Mobil’s revenue was down .8% on a year-over-year basis. During the same period last year, the business posted $2.27 earnings per share. As a group, analysts anticipate that Exxon Mobil Co. will post 7.77 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Thursday, November 14th were issued a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.67%. The ex-dividend date of this dividend was Thursday, November 14th. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s payout ratio is 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.