S&CO Inc. Has $59.32 Million Stock Position in Exxon Mobil Co. (NYSE:XOM)

S&CO Inc. cut its position in Exxon Mobil Co. (NYSE:XOM) by 0.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 551,475 shares of the oil and gas company’s stock after selling 1,690 shares during the quarter. Exxon Mobil accounts for about 4.0% of S&CO Inc.’s holdings, making the stock its 6th biggest holding. S&CO Inc.’s holdings in Exxon Mobil were worth $59,322,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Riverbend Wealth Management LLC bought a new position in shares of Exxon Mobil during the fourth quarter worth about $627,000. Davis R M Inc. raised its position in shares of Exxon Mobil by 4.9% during the fourth quarter. Davis R M Inc. now owns 421,722 shares of the oil and gas company’s stock worth $45,365,000 after acquiring an additional 19,607 shares during the last quarter. Claris Advisors LLC MO raised its position in shares of Exxon Mobil by 44.2% during the fourth quarter. Claris Advisors LLC MO now owns 6,384 shares of the oil and gas company’s stock worth $687,000 after acquiring an additional 1,958 shares during the last quarter. Clare Market Investments LLC bought a new position in shares of Exxon Mobil during the fourth quarter worth about $3,240,000. Finally, Vista Investment Partners II LLC bought a new position in shares of Exxon Mobil during the fourth quarter worth about $1,000,000. 61.80% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on XOM. UBS Group lowered their price objective on Exxon Mobil from $149.00 to $147.00 and set a “buy” rating for the company in a research report on Thursday, December 12th. Mizuho lowered their price objective on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating for the company in a research report on Monday, December 16th. TD Cowen decreased their target price on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating for the company in a research note on Monday, December 16th. Bernstein Bank raised their target price on Exxon Mobil from $138.00 to $144.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Finally, BMO Capital Markets decreased their target price on Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating for the company in a research note on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $129.25.

Insider Buying and Selling

In related news, VP Darrin L. Talley sold 2,100 shares of Exxon Mobil stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total transaction of $231,000.00. Following the sale, the vice president now directly owns 18,087 shares in the company, valued at approximately $1,989,570. This trade represents a 10.40 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.03% of the stock is currently owned by corporate insiders.

Exxon Mobil Stock Up 2.6 %

Shares of NYSE:XOM opened at $111.85 on Tuesday. The stock has a market cap of $485.33 billion, a price-to-earnings ratio of 14.27, a PEG ratio of 3.02 and a beta of 0.83. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. Exxon Mobil Co. has a 12-month low of $103.67 and a 12-month high of $126.34. The business’s 50 day moving average is $109.17 and its 200 day moving average is $113.85.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (EPS) 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 period in the previous year, the firm posted $2.48 EPS. On average, sell-side analysts forecast that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Wednesday, February 12th were issued a dividend of $0.99 per share. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a yield of 3.54%. Exxon Mobil’s dividend payout ratio (DPR) is currently 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.