Brookstone Capital Management Trims Stock Position in Exxon Mobil Co. (NYSE:XOM)

Brookstone Capital Management cut its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 0.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 179,975 shares of the oil and gas company’s stock after selling 441 shares during the quarter. Brookstone Capital Management’s holdings in Exxon Mobil were worth $19,360,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in XOM. Eagle Capital Management LLC boosted its stake in Exxon Mobil by 4.9% in the 2nd quarter. Eagle Capital Management LLC now owns 2,460 shares of the oil and gas company’s stock worth $283,000 after purchasing an additional 114 shares during the period. Achmea Investment Management B.V. boosted its stake in Exxon Mobil by 3.9% in the 2nd quarter. Achmea Investment Management B.V. now owns 491,300 shares of the oil and gas company’s stock worth $56,558,000 after purchasing an additional 18,243 shares during the period. Johnson Investment Counsel Inc. boosted its stake in Exxon Mobil by 1.0% in the 2nd quarter. Johnson Investment Counsel Inc. now owns 212,417 shares of the oil and gas company’s stock worth $24,453,000 after purchasing an additional 2,054 shares during the period. Bell Investment Advisors Inc boosted its stake in Exxon Mobil by 3.0% in the 2nd quarter. Bell Investment Advisors Inc now owns 4,079 shares of the oil and gas company’s stock worth $470,000 after purchasing an additional 120 shares during the period. Finally, Eagle Strategies LLC boosted its stake in Exxon Mobil by 103.3% in the 2nd quarter. Eagle Strategies LLC now owns 28,561 shares of the oil and gas company’s stock worth $3,288,000 after purchasing an additional 14,509 shares during the period. 61.80% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. TD Cowen dropped their price target on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating for the company in a research note on Monday, December 16th. Bank of America assumed coverage on Exxon Mobil in a research report on Thursday, October 17th. They set a “neutral” rating and a $124.00 target price for the company. Scotiabank upgraded Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and increased their target price for the company from $129.00 to $145.00 in a research report on Thursday, October 10th. Mizuho lowered their target price on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating for the company in a research report on Monday, December 16th. Finally, BMO Capital Markets increased their target price on Exxon Mobil from $127.00 to $130.00 and gave the company a “market perform” rating in a research report on Friday, October 4th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $128.84.

Exxon Mobil Stock Up 2.1 %

Shares of Exxon Mobil stock traded up $2.24 during trading on Monday, hitting $108.78. 4,300,261 shares of the stock traded hands, compared to its average volume of 13,732,104. The firm has a market cap of $478.10 billion, a P/E ratio of 13.55, a price-to-earnings-growth ratio of 4.65 and a beta of 0.91. 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 Co. has a 52-week low of $95.77 and a 52-week high of $126.34. The stock’s fifty day simple moving average is $113.49 and its 200 day simple moving average is $115.65.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, beating the consensus estimate of $1.91 by $0.01. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The firm had revenue of $90.02 billion for the quarter, compared to analyst estimates of $93.98 billion. During the same quarter last year, the firm posted $2.27 earnings per share. The business’s revenue for the quarter was down .8% on a year-over-year basis. On average, equities analysts predict that Exxon Mobil Co. will post 7.95 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Thursday, November 14th were given a dividend of $0.99 per share. The ex-dividend date was Thursday, November 14th. This represents a $3.96 dividend on an annualized basis and a yield of 3.64%. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s dividend payout ratio (DPR) is presently 49.32%.

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.