Canopy Partners LLC Has $564,000 Position in Exxon Mobil Co. (NYSE:XOM)

Canopy Partners LLC lessened its position in Exxon Mobil Co. (NYSE:XOM) by 4.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,247 shares of the oil and gas company’s stock after selling 223 shares during the period. Canopy Partners LLC’s holdings in Exxon Mobil were worth $564,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Fairway Wealth LLC bought a new stake in Exxon Mobil during the fourth quarter worth about $31,000. Keystone Financial Group Inc. bought a new stake in Exxon Mobil during the 4th quarter worth approximately $36,000. Retirement Wealth Solutions LLC acquired a new stake in Exxon Mobil during the 4th quarter valued at $46,000. Compass Planning Associates Inc bought a new position in Exxon Mobil in the 4th quarter valued at $47,000. Finally, Synergy Investment Management LLC acquired a new position in Exxon Mobil in the fourth quarter worth $47,000. Institutional investors own 61.80% of the company’s stock.

Insiders Place Their Bets

In related news, VP Darrin L. Talley sold 2,100 shares of the company’s stock in a transaction dated 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 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.03% of the company’s stock.

Exxon Mobil Trading Down 7.3 %

Shares of NYSE:XOM opened at $104.17 on Monday. The firm has a market cap of $452.01 billion, a price-to-earnings ratio of 13.29, a PEG ratio of 3.02 and a beta of 0.60. 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 $98.75 and a 12 month high of $126.34. The company’s fifty day simple moving average is $111.16 and its 200 day simple moving average is $113.81.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 earnings per share for the quarter, missing the consensus estimate 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 last year, the firm earned $2.48 EPS. As a group, research analysts forecast that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders 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 annualized dividend and a yield of 3.80%. Exxon Mobil’s payout ratio is currently 50.51%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on XOM. BMO Capital Markets cut their price target on Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating for the company in a report on Friday, January 31st. TD Cowen reduced their target price on shares of Exxon Mobil from $132.00 to $128.00 and set a “buy” rating on the stock in a research report on Monday, December 16th. Bernstein Bank increased their price target on shares of Exxon Mobil from $138.00 to $144.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Morgan Stanley dropped their price objective on shares of Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating for the company in a research report on Thursday, March 27th. Finally, HSBC decreased their price objective 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. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $128.80.

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.