Mayflower Financial Advisors LLC Sells 3,661 Shares of Exxon Mobil Co. (NYSE:XOM)

Mayflower Financial Advisors LLC lowered its position in shares of Exxon Mobil Co. (NYSE:XOMFree Report) by 2.1% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 169,380 shares of the oil and gas company’s stock after selling 3,661 shares during the period. Exxon Mobil accounts for 1.6% of Mayflower Financial Advisors LLC’s investment portfolio, making the stock its 8th largest position. Mayflower Financial Advisors LLC’s holdings in Exxon Mobil were worth $16,935,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. KB Financial Partners LLC acquired a new position in shares of Exxon Mobil in the 1st quarter worth $27,000. IMA Wealth Inc. increased its stake in Exxon Mobil by 720.0% in the 2nd quarter. IMA Wealth Inc. now owns 369 shares of the oil and gas company’s stock worth $40,000 after purchasing an additional 324 shares in the last quarter. FWL Investment Management LLC purchased a new stake in Exxon Mobil during the fourth quarter valued at about $43,000. Turim 21 Investimentos Ltda. boosted its holdings in shares of Exxon Mobil by 222.5% in the first quarter. Turim 21 Investimentos Ltda. now owns 574 shares of the oil and gas company’s stock worth $47,000 after buying an additional 396 shares during the period. Finally, DHJJ Financial Advisors Ltd. acquired a new stake in Exxon Mobil during the 3rd quarter valued at $49,000. 61.80% of the stock is currently owned by institutional investors.

Insider Activity at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,400 shares of Exxon Mobil stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total transaction of $252,000.00. Following the sale, the vice president now owns 30,189 shares of the company’s stock, valued at approximately $3,169,845. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.04% of the company’s stock.

Exxon Mobil Stock Up 0.6 %

Shares of XOM stock opened at $116.95 on Tuesday. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $120.70. The company has a quick ratio of 1.09, a current ratio of 1.48 and a debt-to-equity ratio of 0.18. The firm has a market cap of $464.04 billion, a PE ratio of 13.16, a price-to-earnings-growth ratio of 4.26 and a beta of 0.96. The stock has a 50 day moving average of $106.11 and a 200-day moving average of $105.89.

Exxon Mobil (NYSE:XOMGet Free Report) last released its earnings results on Friday, February 2nd. The oil and gas company reported $2.48 EPS for the quarter, beating the consensus estimate of $2.20 by $0.28. The firm had revenue of $84.34 billion during the quarter, compared to analysts’ expectations of $90.03 billion. Exxon Mobil had a net margin of 10.45% and a return on equity of 18.51%. The business’s quarterly revenue was down 11.6% compared to the same quarter last year. During the same period in the prior year, the company earned $3.40 EPS. On average, equities analysts predict that Exxon Mobil Co. will post 9.11 EPS for the current year.

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Wednesday, February 14th were given a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a yield of 3.25%. The ex-dividend date of this dividend was Tuesday, February 13th. Exxon Mobil’s dividend payout ratio (DPR) is presently 42.74%.

Analyst Ratings Changes

Several equities analysts have weighed in on XOM shares. Redburn Atlantic raised Exxon Mobil from a “neutral” rating to a “buy” rating and lifted their target price for the company from $116.00 to $119.00 in a research note on Tuesday, January 9th. TD Cowen lifted their price target on Exxon Mobil from $115.00 to $120.00 and gave the company a “buy” rating in a report on Monday. UBS Group cut their price objective on shares of Exxon Mobil from $133.00 to $132.00 and set a “buy” rating on the stock in a research report on Tuesday, January 23rd. Erste Group Bank restated a “hold” rating on shares of Exxon Mobil in a research note on Friday, December 22nd. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Exxon Mobil from $134.00 to $127.00 and set an “overweight” rating for the company in a report on Friday, December 8th. Nine investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $128.47.

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Exxon Mobil Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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