Hoertkorn Richard Charles Sells 650 Shares of Exxon Mobil Co. (NYSE:XOM)

Hoertkorn Richard Charles reduced its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 2.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 29,121 shares of the oil and gas company’s stock after selling 650 shares during the quarter. Exxon Mobil accounts for approximately 1.3% of Hoertkorn Richard Charles’ portfolio, making the stock its 21st largest holding. Hoertkorn Richard Charles’ holdings in Exxon Mobil were worth $3,133,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Vertex Planning Partners LLC grew its position in shares of Exxon Mobil by 13.2% in the 4th quarter. Vertex Planning Partners LLC now owns 3,144 shares of the oil and gas company’s stock worth $338,000 after buying an additional 366 shares during the period. Slagle Financial LLC boosted its holdings in Exxon Mobil by 3.9% in the fourth quarter. Slagle Financial LLC now owns 44,218 shares of the oil and gas company’s stock worth $4,756,000 after purchasing an additional 1,651 shares during the last quarter. denkapparat Operations GmbH bought a new position in Exxon Mobil in the fourth quarter valued at about $204,000. Riverchase Wealth Management LLC bought a new stake in shares of Exxon Mobil during the 4th quarter valued at $308,000. Finally, Orion Portfolio Solutions LLC boosted its position in shares of Exxon Mobil by 16.2% in the fourth quarter. Orion Portfolio Solutions LLC now owns 272,991 shares of the oil and gas company’s stock worth $29,366,000 after purchasing an additional 37,989 shares during the period. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Down 0.3 %

NYSE:XOM opened at $117.94 on Friday. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. The stock has a market cap of $511.75 billion, a price-to-earnings ratio of 15.04, a PEG ratio of 3.02 and a beta of 0.83. Exxon Mobil Co. has a 1 year low of $103.67 and a 1 year high of $126.34. The stock has a 50-day moving average price of $110.63 and a two-hundred day moving average price of $113.67.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.77 by ($0.10). Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. During the same period in the prior year, the company earned $2.48 earnings per share. As a group, equities analysts expect that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th were issued a $0.99 dividend. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a yield of 3.36%. Exxon Mobil’s payout ratio is currently 50.51%.

Insider Buying and Selling

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the company’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total value of $231,000.00. Following the completion of the sale, the vice president now directly owns 18,087 shares of the company’s stock, valued at approximately $1,989,570. This represents a 10.40 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.03% of the stock is owned by company insiders.

Analysts Set New Price Targets

XOM has been the topic of a number of research reports. BMO Capital Markets reduced their target price on shares of Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating on the stock in a report on Friday, January 31st. Mizuho dropped their price objective on shares of Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating on the stock in a report on Monday, December 16th. Wells Fargo & Company decreased their price target on Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating for the company in a report on Monday, February 3rd. The Goldman Sachs Group cut their price target on shares of Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating for the company in a report on Friday, January 31st. Finally, Barclays dropped their price target on Exxon Mobil from $137.00 to $135.00 and set an “overweight” rating for the company in a research report on Tuesday, March 18th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Exxon Mobil presently has an average rating of “Moderate Buy” and a consensus price target of $129.05.

About Exxon Mobil

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.