InTrack Investment Management Inc Decreases Stake in Exxon Mobil Co. (NYSE:XOM)

InTrack Investment Management Inc lessened its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 59.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,116 shares of the oil and gas company’s stock after selling 7,450 shares during the period. InTrack Investment Management Inc’s holdings in Exxon Mobil were worth $561,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. Fairscale Capital LLC acquired a new stake in Exxon Mobil during the 2nd quarter worth about $39,000. Hershey Financial Advisers LLC purchased a new position in shares of Exxon Mobil in the second quarter worth about $46,000. Retirement Wealth Solutions LLC acquired a new stake in shares of Exxon Mobil during the fourth quarter worth about $46,000. Peterson Financial Group Inc. purchased a new stake in Exxon Mobil in the third quarter valued at approximately $51,000. Finally, Highline Wealth Partners LLC acquired a new position in Exxon Mobil in the 3rd quarter worth approximately $54,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on XOM. BMO Capital Markets lifted their price objective on shares of Exxon Mobil from $127.00 to $130.00 and gave the company a “market perform” rating in a research note on Friday, October 4th. JPMorgan Chase & Co. lowered their price target on shares of Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating on the stock in a report on Monday, December 16th. The Goldman Sachs Group lifted their price objective on Exxon Mobil from $118.00 to $120.00 in a research note on Thursday, October 31st. Wolfe Research upped their target price on Exxon Mobil from $137.00 to $138.00 in a research note on Thursday, October 31st. Finally, Wells Fargo & Company lifted their price target on Exxon Mobil from $135.00 to $136.00 and gave the company an “overweight” rating in a research report on Friday, September 27th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $128.84.

Exxon Mobil Trading Up 0.9 %

Shares of Exxon Mobil stock opened at $112.37 on Friday. 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 twelve month low of $95.77 and a twelve month high of $126.34. The firm has a market capitalization of $493.89 billion, a PE ratio of 13.99, a P/E/G ratio of 2.70 and a beta of 0.91. The firm’s 50-day moving average price is $112.56 and its 200 day moving average price is $115.50.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share 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 business had revenue of $90.02 billion for the quarter, compared to the consensus estimate of $93.98 billion. During the same quarter last year, the business posted $2.27 earnings per share. The business’s quarterly revenue was down .8% compared to the same quarter last year. On average, sell-side analysts predict that Exxon Mobil Co. will post 7.86 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th were issued a dividend of $0.99 per share. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.52%. Exxon Mobil’s dividend payout ratio 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.