ProVise Management Group LLC Trims Stake in Exxon Mobil Co. (NYSE:XOM)

ProVise Management Group LLC reduced its position in shares of Exxon Mobil Co. (NYSE:XOM) by 3.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 144,343 shares of the oil and gas company’s stock after selling 4,726 shares during the quarter. Exxon Mobil comprises about 1.3% of ProVise Management Group LLC’s portfolio, making the stock its 22nd biggest position. ProVise Management Group LLC’s holdings in Exxon Mobil were worth $15,527,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Principal Financial Group Inc. increased its holdings in shares of Exxon Mobil by 8.4% in the 3rd quarter. Principal Financial Group Inc. now owns 6,709,202 shares of the oil and gas company’s stock valued at $786,453,000 after acquiring an additional 521,932 shares during the period. United Bank increased its holdings in shares of Exxon Mobil by 3.7% in the 3rd quarter. United Bank now owns 17,920 shares of the oil and gas company’s stock valued at $2,101,000 after acquiring an additional 641 shares during the period. Quest Partners LLC increased its holdings in shares of Exxon Mobil by 157.5% in the 3rd quarter. Quest Partners LLC now owns 8,925 shares of the oil and gas company’s stock valued at $1,046,000 after acquiring an additional 5,459 shares during the period. Windle Wealth LLC increased its holdings in shares of Exxon Mobil by 8.6% in the 3rd quarter. Windle Wealth LLC now owns 58,926 shares of the oil and gas company’s stock valued at $6,907,000 after acquiring an additional 4,672 shares during the period. Finally, Aviance Capital Partners LLC increased its holdings in shares of Exxon Mobil by 0.5% in the 3rd quarter. Aviance Capital Partners LLC now owns 62,104 shares of the oil and gas company’s stock valued at $7,280,000 after acquiring an additional 300 shares during the period. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on XOM shares. Royal Bank of Canada reiterated a “sector perform” rating and issued a $115.00 price target on shares of Exxon Mobil in a report on Monday, February 3rd. TD Cowen cut their price target on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating on the stock in a report on Monday, December 16th. HSBC reduced their target price on Exxon Mobil from $125.00 to $123.00 and set a “hold” rating on the stock in a research report on Friday, January 31st. UBS Group reduced their target price on Exxon Mobil from $149.00 to $147.00 and set a “buy” rating on the stock in a research report on Thursday, December 12th. Finally, Barclays reduced their target price on Exxon Mobil from $137.00 to $135.00 and set an “overweight” rating on the stock in a research report on Tuesday. One research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $129.15.

Exxon Mobil Stock Down 0.1 %

Shares of XOM opened at $113.61 on Wednesday. Exxon Mobil Co. has a 52 week low of $103.67 and a 52 week high of $126.34. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $492.95 billion, a price-to-earnings ratio of 14.49, a PEG ratio of 3.02 and a beta of 0.83. The stock’s 50-day moving average price is $109.56 and its 200-day moving average price is $113.57.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, January 31st. The oil and gas company reported $1.67 EPS for the quarter, missing analysts’ consensus estimates of $1.77 by ($0.10). Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. During the same period in the previous year, the company posted $2.48 earnings per share. On average, sell-side analysts predict that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th were paid a $0.99 dividend. The ex-dividend date was Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.49%. Exxon Mobil’s payout ratio is 50.51%.

Insider Transactions at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the stock in a transaction that occurred 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 transaction, the vice president now owns 18,087 shares in the company, valued at approximately $1,989,570. This represents a 10.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.03% of the company’s stock.

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.