J. W. Coons Advisors LLC Has $4.22 Million Stock Position in Exxon Mobil Co. (NYSE:XOM)

J. W. Coons Advisors LLC lowered its holdings in Exxon Mobil Co. (NYSE:XOM) by 0.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 39,232 shares of the oil and gas company’s stock after selling 249 shares during the quarter. Exxon Mobil accounts for about 1.1% of J. W. Coons Advisors LLC’s investment portfolio, making the stock its 24th biggest position. J. W. Coons Advisors LLC’s holdings in Exxon Mobil were worth $4,220,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. FMR LLC boosted its stake in Exxon Mobil by 0.3% in the third quarter. FMR LLC now owns 151,863,649 shares of the oil and gas company’s stock worth $17,801,457,000 after purchasing an additional 395,218 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Exxon Mobil by 1.8% in the 3rd quarter. Geode Capital Management LLC now owns 92,194,981 shares of the oil and gas company’s stock worth $10,777,735,000 after purchasing an additional 1,622,064 shares during the last quarter. Franklin Resources Inc. boosted its stake in Exxon Mobil by 16.3% during the 3rd quarter. Franklin Resources Inc. now owns 31,522,556 shares of the oil and gas company’s stock worth $3,936,929,000 after acquiring an additional 4,415,012 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Exxon Mobil by 0.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 31,160,117 shares of the oil and gas company’s stock worth $3,652,589,000 after buying an additional 146,374 shares during the period. Finally, Fisher Asset Management LLC grew its stake in Exxon Mobil by 3.4% in the third quarter. Fisher Asset Management LLC now owns 29,197,557 shares of the oil and gas company’s stock valued at $3,422,538,000 after acquiring an additional 949,875 shares during the period. 61.80% of the stock is owned by institutional investors and hedge funds.

Exxon Mobil Price Performance

Exxon Mobil stock opened at $109.43 on Thursday. 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 business has a 50-day simple moving average of $108.75 and a 200 day simple moving average of $114.34. The stock has a market cap of $474.84 billion, a price-to-earnings ratio of 13.96, a PEG ratio of 3.02 and a beta of 0.89. Exxon Mobil Co. has a 52 week low of $103.85 and a 52 week high of $126.34.

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 (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 firm earned $2.48 earnings per share. On average, research analysts forecast that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th will be given a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 3.62%. The ex-dividend date is Wednesday, February 12th. Exxon Mobil’s payout ratio is currently 50.51%.

Insiders Place Their Bets

In related news, VP Darrin L. Talley sold 2,100 shares of the 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 transaction, the vice president now owns 18,087 shares of the company’s stock, valued at approximately $1,989,570. This trade represents a 10.40 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.03% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on XOM. Mizuho reduced their price objective on shares of Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating for the company in a research note on Monday, December 16th. Royal Bank of Canada restated a “sector perform” rating and set a $115.00 target price on shares of Exxon Mobil in a research note on Monday, February 3rd. Morgan Stanley upped their price objective on Exxon Mobil from $139.00 to $140.00 in a report on Friday, January 31st. Wells Fargo & Company decreased their target price on shares of Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating on the stock in a research report on Monday, February 3rd. Finally, JPMorgan Chase & Co. dropped their price target on Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating for the company in a research note on Monday, December 16th. 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 given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $129.25.

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.