Martin Investment Management LLC Has $748,000 Position in Exxon Mobil Co. (NYSE:XOM)

Martin Investment Management LLC lessened its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 51.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,958 shares of the oil and gas company’s stock after selling 7,338 shares during the period. Martin Investment Management LLC’s holdings in Exxon Mobil were worth $748,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of XOM. West Oak Capital LLC grew its position in Exxon Mobil by 0.6% in the fourth quarter. West Oak Capital LLC now owns 16,207 shares of the oil and gas company’s stock valued at $1,743,000 after acquiring an additional 92 shares during the period. Beacon Capital Management LLC grew its holdings in shares of Exxon Mobil by 1.1% in the 4th quarter. Beacon Capital Management LLC now owns 8,582 shares of the oil and gas company’s stock worth $923,000 after purchasing an additional 93 shares during the last quarter. Cadent Capital Advisors LLC increased its position in shares of Exxon Mobil by 0.3% during the 4th quarter. Cadent Capital Advisors LLC now owns 37,372 shares of the oil and gas company’s stock worth $4,020,000 after purchasing an additional 94 shares in the last quarter. Lincoln Capital LLC lifted its holdings in Exxon Mobil by 1.1% during the 4th quarter. Lincoln Capital LLC now owns 8,521 shares of the oil and gas company’s stock valued at $917,000 after purchasing an additional 94 shares during the last quarter. Finally, Altus Wealth Group LLC grew its stake in Exxon Mobil by 0.9% during the fourth quarter. Altus Wealth Group LLC now owns 10,130 shares of the oil and gas company’s stock worth $1,090,000 after buying an additional 94 shares during the last quarter. Institutional investors own 61.80% of the company’s stock.

Insider Activity at Exxon Mobil

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

Analyst Upgrades and Downgrades

XOM has been the subject of a number of research analyst reports. Mizuho cut their target price 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. Royal Bank of Canada reissued a “sector perform” rating and issued a $115.00 price objective on shares of Exxon Mobil in a research note on Monday, February 3rd. HSBC lowered their target price on Exxon Mobil from $125.00 to $123.00 and set a “hold” rating for the company in a research note on Friday, January 31st. UBS Group decreased their price objective on shares of Exxon Mobil from $149.00 to $147.00 and set a “buy” rating on the stock in a report on Thursday, December 12th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating on the stock in a research note on Monday, December 16th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $129.05.

Exxon Mobil Price Performance

Shares of XOM stock opened at $118.93 on Wednesday. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. Exxon Mobil Co. has a 12-month low of $103.67 and a 12-month high of $126.34. The firm has a fifty day moving average of $111.01 and a 200-day moving average of $113.85. The firm has a market capitalization of $516.06 billion, a price-to-earnings ratio of 15.17, a price-to-earnings-growth ratio of 3.02 and a beta of 0.83.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 earnings per share 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 firm posted $2.48 EPS. On average, equities research analysts forecast that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Wednesday, February 12th were issued a dividend of $0.99 per share. The ex-dividend date was Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.33%. Exxon Mobil’s payout ratio is 50.51%.

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.