Lodestar Private Asset Management LLC Has $1.05 Million Stock Position in Exxon Mobil Co. (NYSE:XOM)

Lodestar Private Asset Management LLC cut its position in Exxon Mobil Co. (NYSE:XOM) by 2.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,722 shares of the oil and gas company’s stock after selling 197 shares during the quarter. Lodestar Private Asset Management LLC’s holdings in Exxon Mobil were worth $1,046,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of XOM. Keystone Financial Group Inc. acquired a new stake in shares of Exxon Mobil in the fourth quarter valued at about $36,000. Retirement Wealth Solutions LLC bought a new position in Exxon Mobil in the 4th quarter worth approximately $46,000. Peterson Financial Group Inc. acquired a new position in shares of Exxon Mobil during the third quarter worth approximately $51,000. Highline Wealth Partners LLC bought a new stake in shares of Exxon Mobil in the third quarter valued at approximately $54,000. Finally, Harbor Capital Advisors Inc. acquired a new stake in shares of Exxon Mobil in the third quarter worth $63,000. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Up 1.9 %

Exxon Mobil stock opened at $110.98 on Tuesday. The firm has a market capitalization of $487.75 billion, a price-to-earnings ratio of 14.15, a PEG ratio of 2.94 and a beta of 0.89. The company’s 50 day simple moving average is $109.41 and its 200 day simple moving average is $114.97. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. Exxon Mobil Co. has a fifty-two week low of $100.42 and a fifty-two week high of $126.34.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share for the quarter, missing analysts’ consensus estimates of $1.77 by ($0.10). Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. During the same quarter in the prior year, the firm earned $2.48 EPS. As a group, sell-side analysts anticipate that Exxon Mobil Co. will post 7.37 EPS for the current year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th will be paid a $0.99 dividend. The ex-dividend date is Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a yield of 3.57%. Exxon Mobil’s payout ratio is 50.51%.

Insiders Place Their Bets

In related news, VP Darrin L. Talley sold 2,100 shares of the business’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total value of $231,000.00. Following the completion of the transaction, the vice president now directly owns 18,087 shares in the company, valued at approximately $1,989,570. The trade was a 10.40 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. HSBC cut their target price on shares of Exxon Mobil from $125.00 to $123.00 and set a “hold” rating for the company in a research note on Friday, January 31st. Bank of America started coverage on shares of Exxon Mobil in a research note on Thursday, October 17th. They issued a “neutral” rating and a $124.00 target price for the company. 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 Monday, February 3rd. Wolfe Research raised their price objective on Exxon Mobil from $137.00 to $138.00 in a research report on Thursday, October 31st. Finally, BMO Capital Markets cut their target price on Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating for the company in a research note on Friday, January 31st. One analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $129.25.

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.