Transcend Capital Advisors LLC Sells 1,523 Shares of Exxon Mobil Co. (NYSE:XOM)

Transcend Capital Advisors LLC decreased its position in Exxon Mobil Co. (NYSE:XOM) by 1.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 93,454 shares of the oil and gas company’s stock after selling 1,523 shares during the quarter. Transcend Capital Advisors LLC’s holdings in Exxon Mobil were worth $10,053,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Bradley Foster & Sargent Inc. CT increased its holdings in Exxon Mobil by 1.2% during the 4th quarter. Bradley Foster & Sargent Inc. CT now owns 222,861 shares of the oil and gas company’s stock valued at $23,973,000 after purchasing an additional 2,637 shares during the period. Compass Planning Associates Inc bought a new stake in shares of Exxon Mobil in the 4th quarter worth approximately $47,000. Paradigm Asset Management Co. LLC increased its stake in shares of Exxon Mobil by 22.8% during the fourth quarter. Paradigm Asset Management Co. LLC now owns 24,250 shares of the oil and gas company’s stock valued at $2,609,000 after buying an additional 4,500 shares during the period. Physicians Financial Services Inc. increased its stake in shares of Exxon Mobil by 5.5% during the fourth quarter. Physicians Financial Services Inc. now owns 1,922 shares of the oil and gas company’s stock valued at $207,000 after buying an additional 100 shares during the period. Finally, Cassaday & Co Wealth Management LLC raised its holdings in shares of Exxon Mobil by 21.5% during the fourth quarter. Cassaday & Co Wealth Management LLC now owns 68,469 shares of the oil and gas company’s stock valued at $7,365,000 after acquiring an additional 12,133 shares in the last quarter. 61.80% of the stock is owned by institutional investors.

Insider Activity at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the business’s 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 completion of the transaction, the vice president now owns 18,087 shares of the company’s stock, valued at approximately $1,989,570. The trade was a 10.40 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.03% of the stock is currently owned by insiders.

Analysts Set New Price Targets

XOM has been the topic of a number of research analyst reports. JPMorgan Chase & Co. reduced their price objective on shares of Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating on the stock in a research report on Monday, December 16th. Scotiabank reduced their price target on shares of Exxon Mobil from $145.00 to $140.00 in a research report on Friday, January 31st. Morgan Stanley raised their price objective on shares of Exxon Mobil from $139.00 to $140.00 in a report on Friday, January 31st. Mizuho reduced their target price on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating on the stock in a report on Monday, December 16th. Finally, UBS Group lowered their target price on Exxon Mobil from $149.00 to $147.00 and set a “buy” rating for the company in a research note on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $129.25.

Exxon Mobil Stock Up 0.4 %

Shares of Exxon Mobil stock opened at $111.18 on Tuesday. The company has a 50-day simple moving average of $108.65 and a two-hundred day simple moving average of $114.44. The stock has a market capitalization of $482.42 billion, a PE ratio of 14.18, a price-to-earnings-growth ratio of 3.02 and a beta of 0.89. Exxon Mobil Co. has a 52-week low of $103.05 and a 52-week high of $126.34. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data 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 previous year, the business earned $2.48 earnings per share. On average, analysts anticipate that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th will be issued a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.56%. The ex-dividend date is Wednesday, February 12th. Exxon Mobil’s payout ratio is currently 50.51%.

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.