International Assets Investment Management LLC Sells 6,799,371 Shares of Exxon Mobil Co. (NYSE:XOM)

International Assets Investment Management LLC lessened its position in shares of Exxon Mobil Co. (NYSE:XOM) by 98.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 94,306 shares of the oil and gas company’s stock after selling 6,799,371 shares during the period. International Assets Investment Management LLC’s holdings in Exxon Mobil were worth $10,144,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Fairway Wealth LLC acquired a new position in Exxon Mobil during the second quarter worth approximately $35,000. Fairscale Capital LLC bought a new position in shares of Exxon Mobil during the 2nd quarter worth approximately $39,000. Hershey Financial Advisers LLC acquired a new position in shares of Exxon Mobil during the 2nd quarter worth approximately $46,000. Peterson Financial Group Inc. bought a new stake in Exxon Mobil in the 3rd quarter valued at $51,000. Finally, Highline Wealth Partners LLC bought a new position in Exxon Mobil during the third quarter worth $54,000. Institutional investors own 61.80% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on XOM shares. UBS Group cut their target price on shares of Exxon Mobil from $149.00 to $147.00 and set a “buy” rating for the company in a research note on Thursday, December 12th. Bank of America assumed coverage on Exxon Mobil in a report on Thursday, October 17th. They set a “neutral” rating and a $124.00 price objective for the company. Royal Bank of Canada reiterated a “sector perform” rating and set a $115.00 target price on shares of Exxon Mobil in a research note on Thursday, December 12th. Mizuho decreased their price objective 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, TD Cowen reduced their target price on shares of Exxon Mobil from $132.00 to $128.00 and set a “buy” rating for the company in a research report on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Exxon Mobil presently has a consensus rating of “Moderate Buy” and a consensus target price of $128.74.

Exxon Mobil Stock Down 1.3 %

Exxon Mobil stock traded down $1.42 during midday trading on Wednesday, hitting $107.33. 3,224,102 shares of the stock were exchanged, compared to its average volume of 11,379,213. Exxon Mobil Co. has a 52-week low of $95.77 and a 52-week high of $126.34. The stock has a market capitalization of $471.73 billion, a price-to-earnings ratio of 13.37, a price-to-earnings-growth ratio of 4.65 and a beta of 0.91. The business’s 50-day moving average price is $114.06 and its 200-day moving average price is $115.81. The company has a quick ratio of 1.01, a current ratio of 1.35 and a debt-to-equity ratio of 0.13.

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 analysts’ consensus estimates of $1.91 by $0.01. The firm had revenue of $90.02 billion for the quarter, compared to analysts’ expectations of $93.98 billion. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The company’s quarterly revenue was down .8% on a year-over-year basis. During the same period in the previous year, the company earned $2.27 earnings per share. On average, research analysts expect that Exxon Mobil Co. will post 7.95 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. Shareholders of record on Thursday, November 14th were issued a dividend of $0.99 per share. This is a boost 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 yield of 3.69%. Exxon Mobil’s payout ratio is presently 49.32%.

Exxon Mobil Profile

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.