Delta Financial Group Inc. Reduces Stock Position in Exxon Mobil Co. (NYSE:XOM)

Delta Financial Group Inc. cut its holdings in Exxon Mobil Co. (NYSE:XOM) by 3.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 54,009 shares of the oil and gas company’s stock after selling 1,675 shares during the period. Exxon Mobil accounts for approximately 1.4% of Delta Financial Group Inc.’s portfolio, making the stock its 10th biggest holding. Delta Financial Group Inc.’s holdings in Exxon Mobil were worth $5,810,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Pacer Advisors Inc. grew its position in Exxon Mobil by 1,524.1% during the fourth quarter. Pacer Advisors Inc. now owns 5,445,922 shares of the oil and gas company’s stock worth $585,818,000 after buying an additional 5,110,603 shares in the last quarter. Franklin Resources Inc. grew its position in Exxon Mobil by 16.3% during the third quarter. Franklin Resources Inc. now owns 31,522,556 shares of the oil and gas company’s stock worth $3,936,929,000 after buying an additional 4,415,012 shares in the last quarter. Strategic Financial Concepts LLC grew its position in Exxon Mobil by 11,131.0% during the fourth quarter. Strategic Financial Concepts LLC now owns 1,792,811 shares of the oil and gas company’s stock worth $192,853,000 after buying an additional 1,776,848 shares in the last quarter. Geode Capital Management LLC grew its position in Exxon Mobil by 1.8% during the third quarter. Geode Capital Management LLC now owns 92,194,981 shares of the oil and gas company’s stock worth $10,777,735,000 after buying an additional 1,622,064 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its position in Exxon Mobil by 9.0% during the third quarter. Massachusetts Financial Services Co. MA now owns 18,328,008 shares of the oil and gas company’s stock worth $2,148,409,000 after buying an additional 1,512,694 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on XOM. The Goldman Sachs Group decreased their target price on Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. Scotiabank decreased their price objective on Exxon Mobil from $145.00 to $140.00 in a report on Friday, January 31st. Argus raised Exxon Mobil to a “strong-buy” rating in a report on Tuesday, February 4th. JPMorgan Chase & Co. decreased their price objective on Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating on the stock in a report on Monday, December 16th. Finally, Morgan Stanley lifted their price objective on Exxon Mobil from $139.00 to $140.00 in a report on Friday, January 31st. One research 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 stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $129.25.

Insider Buying and Selling at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the company’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total transaction of $231,000.00. Following the completion of the sale, the vice president now owns 18,087 shares in the company, valued at approximately $1,989,570. The trade was a 10.40 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.03% of the company’s stock.

Exxon Mobil Stock Performance

XOM stock opened at $109.75 on Wednesday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. The company has a 50 day moving average price of $108.69 and a 200 day moving average price of $114.37. Exxon Mobil Co. has a fifty-two week low of $103.05 and a fifty-two week high of $126.34. The stock has a market capitalization of $476.20 billion, a PE ratio of 14.00, a price-to-earnings-growth ratio of 3.02 and a beta of 0.89.

Exxon Mobil (NYSE:XOM) last posted 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 return on equity of 12.92% and a net margin of 9.63%. During the same quarter in the prior year, the firm posted $2.48 earnings per share. Analysts forecast that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Wednesday, February 12th will be given a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.61%. The ex-dividend date of this dividend is Wednesday, February 12th. Exxon Mobil’s dividend payout ratio (DPR) is presently 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.