Gemmer Asset Management LLC Has $211,000 Stock Position in Exxon Mobil Co. (NYSE:XOM)

Gemmer Asset Management LLC reduced its stake in Exxon Mobil Co. (NYSE:XOM) by 13.6% during the fourth quarter, Holdings Channel.com reports. The fund owned 1,957 shares of the oil and gas company’s stock after selling 309 shares during the period. Gemmer Asset Management LLC’s holdings in Exxon Mobil were worth $211,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vertex Planning Partners LLC grew its holdings in Exxon Mobil by 3.1% during the third quarter. Vertex Planning Partners LLC now owns 2,778 shares of the oil and gas company’s stock worth $326,000 after buying an additional 83 shares in the last quarter. First Heartland Consultants Inc. boosted its position in Exxon Mobil by 0.9% in the third quarter. First Heartland Consultants Inc. now owns 9,451 shares of the oil and gas company’s stock worth $1,108,000 after purchasing an additional 87 shares during the last quarter. Latitude Advisors LLC boosted its position in Exxon Mobil by 0.7% in the third quarter. Latitude Advisors LLC now owns 13,378 shares of the oil and gas company’s stock worth $1,568,000 after purchasing an additional 88 shares during the last quarter. Longfellow Investment Management Co. LLC boosted its position in Exxon Mobil by 0.6% in the third quarter. Longfellow Investment Management Co. LLC now owns 14,537 shares of the oil and gas company’s stock worth $1,704,000 after purchasing an additional 88 shares during the last quarter. Finally, West Oak Capital LLC boosted its position in Exxon Mobil by 0.6% in the fourth quarter. West Oak Capital LLC now owns 16,207 shares of the oil and gas company’s stock worth $1,743,000 after purchasing an additional 92 shares during the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have weighed in on XOM. Wells Fargo & Company boosted their price objective on Exxon Mobil from $135.00 to $136.00 and gave the stock an “overweight” rating in a research report on Friday, September 27th. BNP Paribas cut Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price objective on the stock. in a research report on Wednesday, October 9th. The Goldman Sachs Group boosted their price objective on Exxon Mobil from $118.00 to $120.00 in a research report on Thursday, October 31st. Bank of America began coverage on Exxon Mobil in a research report on Thursday, October 17th. They issued a “neutral” rating and a $124.00 price objective on the stock. Finally, TD Cowen dropped their price target on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating on the stock in a research report on Monday, December 16th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $128.84.

Exxon Mobil Stock Performance

Shares of XOM opened at $109.46 on Thursday. The stock’s 50-day simple moving average is $112.22 and its 200 day simple moving average is $115.48. The stock has a market capitalization of $481.07 billion, a price-to-earnings ratio of 13.63, a price-to-earnings-growth ratio of 2.98 and a beta of 0.91. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.35. Exxon Mobil Co. has a 52-week low of $96.73 and a 52-week high of $126.34.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, topping analysts’ consensus estimates of $1.91 by $0.01. The business had revenue of $90.02 billion for the quarter, compared to analyst estimates of $93.98 billion. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The company’s quarterly revenue was down .8% compared to the same quarter last year. During the same period in the prior year, the company earned $2.27 EPS. Research analysts forecast that Exxon Mobil Co. will post 7.77 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 paid a $0.99 dividend. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 dividend on an annualized basis and a yield of 3.62%. The ex-dividend date was Thursday, November 14th. Exxon Mobil’s dividend payout ratio is currently 49.32%.

Exxon Mobil Company 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.