Richard Bernstein Advisors LLC Has $10.86 Million Stock Position in Exxon Mobil Co. (NYSE:XOM)

Richard Bernstein Advisors LLC trimmed its position in Exxon Mobil Co. (NYSE:XOM) by 24.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 100,957 shares of the oil and gas company’s stock after selling 32,304 shares during the quarter. Richard Bernstein Advisors LLC’s holdings in Exxon Mobil were worth $10,860,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in XOM. Keystone Financial Group Inc. bought a new stake in shares of Exxon Mobil during the 4th quarter worth about $36,000. Retirement Wealth Solutions LLC bought a new position in shares of Exxon Mobil during the fourth quarter worth approximately $46,000. Compass Planning Associates Inc acquired a new stake in shares of Exxon Mobil in the fourth quarter valued at approximately $47,000. Compass Financial Services Inc bought a new stake in shares of Exxon Mobil in the fourth quarter valued at approximately $48,000. Finally, Peterson Financial Group Inc. acquired a new stake in Exxon Mobil during the third quarter worth approximately $51,000. 61.80% of the stock is currently owned by institutional investors.

Insider Activity

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of Exxon Mobil stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total value of $231,000.00. Following the sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.03% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. 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 note on Monday, December 16th. TD Cowen cut their target price on shares of Exxon Mobil from $132.00 to $128.00 and set a “buy” rating on the stock in a research report on Monday, December 16th. BMO Capital Markets decreased their target price on shares of Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating on the stock in a research note on Friday, January 31st. Wolfe Research upped their price objective on Exxon Mobil from $137.00 to $138.00 in a research note on Thursday, October 31st. Finally, HSBC cut their target price on Exxon Mobil from $125.00 to $123.00 and set a “hold” rating on the stock 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 assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $129.25.

Exxon Mobil Stock Up 0.6 %

Shares of NYSE:XOM opened at $110.06 on Friday. The firm has a market cap of $477.58 billion, a P/E ratio of 14.04, a PEG ratio of 3.02 and a beta of 0.89. Exxon Mobil Co. has a 52-week low of $104.00 and a 52-week high of $126.34. The business’s 50 day simple moving average is $108.84 and its two-hundred day simple moving average is $114.31. 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 results 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 net margin of 9.63% and a return on equity of 12.92%. During the same quarter in the prior year, the firm posted $2.48 earnings per share. As a group, research analysts forecast that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Wednesday, February 12th will be issued a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.60%. The ex-dividend date 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.