Exxon Mobil Co. (NYSE:XOM) Shares Sold by Janney Capital Management LLC

Janney Capital Management LLC decreased its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 1.2% in the 4th quarter, Holdings Channel reports. The firm owned 45,908 shares of the oil and gas company’s stock after selling 573 shares during the quarter. Janney Capital Management LLC’s holdings in Exxon Mobil were worth $4,938,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in the business. Hershey Financial Advisers LLC acquired a new position in shares of Exxon Mobil during the second quarter valued at $46,000. Retirement Wealth Solutions LLC acquired a new position in Exxon Mobil during the 4th quarter valued at about $46,000. Peterson Financial Group Inc. bought a new position in Exxon Mobil in the 3rd quarter worth about $51,000. Highline Wealth Partners LLC acquired a new stake in shares of Exxon Mobil in the third quarter valued at approximately $54,000. Finally, Harbor Capital Advisors Inc. bought a new stake in shares of Exxon Mobil during the third quarter valued at approximately $63,000. Institutional investors own 61.80% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on XOM shares. Wolfe Research raised their target price on Exxon Mobil from $137.00 to $138.00 in a research report on Thursday, October 31st. Bank of America began coverage on shares of Exxon Mobil in a research note on Thursday, October 17th. They set a “neutral” rating and a $124.00 price objective on the stock. JPMorgan Chase & Co. decreased their target price on shares of Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating for the company in a research report on Monday, December 16th. Wells Fargo & Company boosted their price target on shares of Exxon Mobil from $135.00 to $136.00 and gave the stock an “overweight” rating in a research report on Friday, September 27th. Finally, BMO Capital Markets increased their price objective on shares of Exxon Mobil from $127.00 to $130.00 and gave the company a “market perform” rating in a report on Friday, October 4th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $128.84.

Exxon Mobil Price Performance

Shares of NYSE:XOM opened at $108.64 on Friday. The company’s fifty day moving average is $111.77 and its two-hundred day moving average is $115.41. The company has a market cap of $477.48 billion, a P/E ratio of 13.53, a price-to-earnings-growth ratio of 2.86 and a beta of 0.91. Exxon Mobil Co. has a 12-month low of $99.61 and a 12-month high of $126.34. 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 announced its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.91 by $0.01. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The firm had revenue of $90.02 billion during the quarter, compared to the consensus estimate of $93.98 billion. During the same period in the prior year, the business earned $2.27 EPS. The business’s revenue for the quarter was down .8% on a year-over-year basis. Equities analysts expect that Exxon Mobil Co. will post 7.77 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors 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. This represents a $3.96 annualized dividend and a dividend yield of 3.65%. The ex-dividend date was Thursday, November 14th. Exxon Mobil’s dividend payout ratio (DPR) is currently 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.