Hourglass Capital LLC Sells 300 Shares of Exxon Mobil Co. (NYSE:XOM)

Hourglass Capital LLC lowered its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 0.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 54,232 shares of the oil and gas company’s stock after selling 300 shares during the period. Exxon Mobil makes up 1.6% of Hourglass Capital LLC’s portfolio, making the stock its 27th biggest position. Hourglass Capital LLC’s holdings in Exxon Mobil were worth $5,834,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Secured Retirement Advisors LLC boosted its stake in Exxon Mobil by 207.2% during the 4th quarter. Secured Retirement Advisors LLC now owns 9,927 shares of the oil and gas company’s stock worth $1,068,000 after acquiring an additional 6,696 shares during the last quarter. Strategic Financial Concepts LLC raised its holdings in Exxon Mobil by 90.9% in the fourth quarter. Strategic Financial Concepts LLC now owns 30,476 shares of the oil and gas company’s stock worth $3,278,000 after purchasing an additional 14,513 shares during the period. Allworth Financial LP boosted its position in shares of Exxon Mobil by 43.9% during the fourth quarter. Allworth Financial LP now owns 298,291 shares of the oil and gas company’s stock worth $32,672,000 after purchasing an additional 90,939 shares in the last quarter. Principal Securities Inc. increased its position in shares of Exxon Mobil by 6.1% in the 4th quarter. Principal Securities Inc. now owns 91,519 shares of the oil and gas company’s stock valued at $9,845,000 after buying an additional 5,277 shares in the last quarter. Finally, Centerpoint Advisory Group acquired a new stake in Exxon Mobil during the 4th quarter worth $289,000. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on XOM shares. 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. Wells Fargo & Company lowered their target price on Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating for the company in a research note on Monday, February 3rd. Scotiabank cut their price target on shares of Exxon Mobil from $145.00 to $140.00 in a research note on Friday, January 31st. Argus raised shares of Exxon Mobil to a “strong-buy” rating in a research report on Tuesday, February 4th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating on the stock in a report on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, Exxon Mobil presently has a consensus rating of “Moderate Buy” and an average price target of $129.25.

Exxon Mobil Price Performance

Shares of XOM opened at $110.05 on Wednesday. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. The company’s fifty day simple moving average is $108.68 and its 200 day simple moving average is $114.61. Exxon Mobil Co. has a 1-year low of $102.64 and a 1-year high of $126.34. The company has a market cap of $483.66 billion, a price-to-earnings ratio of 14.04, a PEG ratio of 2.94 and a beta of 0.89.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 quarter in the prior year, the firm earned $2.48 earnings per share. On average, research analysts forecast that Exxon Mobil Co. will post 7.37 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th will be paid a dividend of $0.99 per share. The ex-dividend date is Wednesday, February 12th. This represents a $3.96 annualized dividend and a dividend yield of 3.60%. Exxon Mobil’s dividend payout ratio is currently 50.51%.

Insider Buying and Selling

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of Exxon Mobil stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total transaction of $231,000.00. Following the completion of the transaction, the vice president now directly owns 18,087 shares of the company’s stock, valued at $1,989,570. The trade was a 10.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.03% of the stock is owned by insiders.

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.