Welch & Forbes LLC Sells 15,660 Shares of Exxon Mobil Corporation $XOM

Welch & Forbes LLC reduced its stake in Exxon Mobil Corporation (NYSE:XOMFree Report) by 5.1% during the 3rd quarter, Holdings Channel reports. The fund owned 291,236 shares of the oil and gas company’s stock after selling 15,660 shares during the period. Welch & Forbes LLC’s holdings in Exxon Mobil were worth $32,837,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the company. Westfuller Advisors LLC acquired a new stake in Exxon Mobil in the 3rd quarter worth about $30,000. Bare Financial Services Inc increased its holdings in shares of Exxon Mobil by 121.8% during the second quarter. Bare Financial Services Inc now owns 366 shares of the oil and gas company’s stock worth $39,000 after purchasing an additional 201 shares during the period. Clayton Financial Group LLC acquired a new stake in shares of Exxon Mobil in the third quarter valued at approximately $40,000. TruNorth Capital Management LLC boosted its stake in shares of Exxon Mobil by 1,595.2% in the third quarter. TruNorth Capital Management LLC now owns 356 shares of the oil and gas company’s stock valued at $40,000 after buying an additional 335 shares during the period. Finally, Halbert Hargrove Global Advisors LLC grew its position in Exxon Mobil by 95.8% during the third quarter. Halbert Hargrove Global Advisors LLC now owns 370 shares of the oil and gas company’s stock worth $42,000 after buying an additional 181 shares in the last quarter. Institutional investors own 61.80% of the company’s stock.

Trending Headlines about Exxon Mobil

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Exxon Mobil Price Performance

Exxon Mobil stock opened at $141.43 on Friday. The stock has a market capitalization of $596.43 billion, a price-to-earnings ratio of 20.56, a PEG ratio of 14.84 and a beta of 0.37. Exxon Mobil Corporation has a 52-week low of $97.80 and a 52-week high of $142.34. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.79 and a current ratio of 1.14. The stock’s 50 day moving average price is $122.80 and its two-hundred day moving average price is $116.10.

Exxon Mobil (NYSE:XOMGet Free Report) last announced its quarterly earnings data on Friday, January 30th. The oil and gas company reported $1.71 earnings per share for the quarter, beating the consensus estimate of $1.63 by $0.08. Exxon Mobil had a net margin of 8.99% and a return on equity of 11.22%. The firm had revenue of $82.31 billion for the quarter, compared to analyst estimates of $77.98 billion. During the same quarter in the prior year, the business earned $1.67 earnings per share. The business’s quarterly revenue was down 1.3% compared to the same quarter last year. On average, equities analysts predict that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Thursday, February 12th will be paid a $1.03 dividend. The ex-dividend date of this dividend is Thursday, February 12th. This represents a $4.12 annualized dividend and a dividend yield of 2.9%. Exxon Mobil’s dividend payout ratio is 59.88%.

Insider Buying and Selling at Exxon Mobil

In related news, VP Darrin L. Talley sold 3,000 shares of the company’s stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $117.19, for a total transaction of $351,570.00. Following the completion of the sale, the vice president owned 28,584 shares in the company, valued at approximately $3,349,758.96. This represents a 9.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.03% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

XOM has been the topic of a number of recent analyst reports. Scotiabank restated an “outperform” rating on shares of Exxon Mobil in a research report on Friday, January 16th. UBS Group reissued a “buy” rating on shares of Exxon Mobil in a report on Friday, January 9th. Wells Fargo & Company upped their price target on shares of Exxon Mobil from $156.00 to $158.00 and gave the stock an “overweight” rating in a report on Thursday, December 11th. Weiss Ratings reiterated a “hold (c)” rating on shares of Exxon Mobil in a research report on Monday, December 29th. Finally, Sanford C. Bernstein lowered their price objective on shares of Exxon Mobil from $142.00 to $137.00 and set an “outperform” rating for the company in a research report on Monday, January 5th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $133.93.

Check Out Our Latest Report on XOM

Exxon Mobil Profile

(Free Report)

Exxon Mobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.

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

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