CFS Investment Advisory Services LLC Sells 467 Shares of Exxon Mobil Co. (NYSE:XOM)

CFS Investment Advisory Services LLC reduced its holdings in Exxon Mobil Co. (NYSE:XOMFree Report) by 1.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 33,229 shares of the oil and gas company’s stock after selling 467 shares during the quarter. Exxon Mobil comprises 0.6% of CFS Investment Advisory Services LLC’s holdings, making the stock its 29th largest holding. CFS Investment Advisory Services LLC’s holdings in Exxon Mobil were worth $3,322,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in XOM. WealthPlan Investment Management LLC increased its holdings in shares of Exxon Mobil by 9,446.4% during the third quarter. WealthPlan Investment Management LLC now owns 16,038 shares of the oil and gas company’s stock valued at $1,886,000 after acquiring an additional 15,870 shares in the last quarter. First Command Advisory Services Inc. purchased a new position in shares of Exxon Mobil during the third quarter valued at approximately $4,490,000. WealthBridge Capital Management LLC boosted its position in shares of Exxon Mobil by 8.9% during the third quarter. WealthBridge Capital Management LLC now owns 11,637 shares of the oil and gas company’s stock valued at $1,368,000 after buying an additional 955 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of Exxon Mobil by 11.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,255,666 shares of the oil and gas company’s stock valued at $265,221,000 after buying an additional 236,760 shares during the last quarter. Finally, Mcintyre Freedman & Flynn Investment Advisers Inc. boosted its position in shares of Exxon Mobil by 3.1% during the third quarter. Mcintyre Freedman & Flynn Investment Advisers Inc. now owns 3,339 shares of the oil and gas company’s stock valued at $393,000 after buying an additional 100 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, VP Darrin L. Talley sold 2,426 shares of the stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $119.01, for a total value of $288,718.26. Following the completion of the transaction, the vice president now owns 25,363 shares of the company’s stock, valued at approximately $3,018,450.63. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.03% of the company’s stock.

Exxon Mobil Trading Down 1.1 %

XOM stock traded down $1.22 during trading on Friday, hitting $112.75. 13,289,196 shares of the company traded hands, compared to its average volume of 15,181,446. The firm has a market capitalization of $444.57 billion, a PE ratio of 13.82, a P/E/G ratio of 3.97 and a beta of 0.92. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $123.75. The company has a 50-day moving average of $117.66 and a 200-day moving average of $108.56. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.06 and a current ratio of 1.38.

Exxon Mobil (NYSE:XOMGet Free Report) last issued its earnings results on Friday, April 26th. The oil and gas company reported $2.06 earnings per share for the quarter, missing the consensus estimate of $2.19 by ($0.13). The company had revenue of $83.08 billion for the quarter, compared to analysts’ expectations of $79.69 billion. Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The company’s revenue was down 4.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.83 earnings per share. Analysts predict that Exxon Mobil Co. will post 9.57 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th will be issued a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 3.37%. The ex-dividend date is Tuesday, May 14th. Exxon Mobil’s dividend payout ratio (DPR) is currently 46.57%.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Morgan Stanley reaffirmed an “overweight” rating and set a $145.00 target price on shares of Exxon Mobil in a research report on Wednesday, May 15th. HSBC upped their price target on Exxon Mobil from $111.00 to $120.00 and gave the company a “hold” rating in a research report on Tuesday, April 30th. TD Cowen upped their price target on Exxon Mobil from $128.00 to $135.00 and gave the company a “buy” rating in a research report on Tuesday, April 30th. Scotiabank upped their price target on Exxon Mobil from $114.00 to $129.00 and gave the company a “sector perform” rating in a research report on Thursday, April 11th. Finally, UBS Group upped their price target on Exxon Mobil from $150.00 to $152.00 and gave the company a “buy” rating in a research report on Tuesday, May 7th. Nine analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $133.71.

View Our Latest Stock Report on Exxon Mobil

Exxon Mobil Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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