Exxon Mobil Co. (NYSE:XOM) Shares Sold by Symphony Financial Services Inc.

Symphony Financial Services Inc. lessened its holdings in Exxon Mobil Co. (NYSE:XOM) by 1.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,497 shares of the oil and gas company’s stock after selling 139 shares during the quarter. Exxon Mobil makes up about 0.7% of Symphony Financial Services Inc.’s investment portfolio, making the stock its 24th largest holding. Symphony Financial Services Inc.’s holdings in Exxon Mobil were worth $914,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in XOM. LVZ Inc. boosted its holdings in shares of Exxon Mobil by 67.8% during the fourth quarter. LVZ Inc. now owns 6,946 shares of the oil and gas company’s stock valued at $747,000 after acquiring an additional 2,807 shares during the period. Assetmark Inc. boosted its holdings in shares of Exxon Mobil by 27.8% during the fourth quarter. Assetmark Inc. now owns 643,330 shares of the oil and gas company’s stock valued at $69,203,000 after acquiring an additional 140,064 shares during the period. J.Safra Asset Management Corp boosted its holdings in shares of Exxon Mobil by 30.3% during the fourth quarter. J.Safra Asset Management Corp now owns 6,052 shares of the oil and gas company’s stock valued at $640,000 after acquiring an additional 1,409 shares during the period. Academy Capital Management boosted its holdings in shares of Exxon Mobil by 29.3% during the fourth quarter. Academy Capital Management now owns 14,333 shares of the oil and gas company’s stock valued at $1,542,000 after acquiring an additional 3,250 shares during the period. Finally, Souders Financial Advisors boosted its holdings in shares of Exxon Mobil by 11.7% during the fourth quarter. Souders Financial Advisors now owns 4,851 shares of the oil and gas company’s stock valued at $522,000 after acquiring an additional 509 shares during the period. Institutional investors and hedge funds own 61.80% of the company’s stock.

Wall Street Analysts Forecast Growth

XOM has been the topic of a number of recent analyst reports. Royal Bank of Canada restated a “sector perform” rating and set a $115.00 price objective on shares of Exxon Mobil in a research note on Monday, February 3rd. Bernstein Bank boosted their price target on shares of Exxon Mobil from $138.00 to $144.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Mizuho reduced their price target 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. HSBC reduced their price target on shares of Exxon Mobil from $125.00 to $123.00 and set a “hold” rating for the company in a research note on Friday, January 31st. Finally, JPMorgan Chase & Co. reduced their price target on shares of 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 equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $129.25.

Exxon Mobil Stock Down 1.9 %

Shares of NYSE:XOM opened at $105.51 on Thursday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. The company has a market cap of $457.82 billion, a PE ratio of 13.46, a price-to-earnings-growth ratio of 3.02 and a beta of 0.89. Exxon Mobil Co. has a 52 week low of $103.67 and a 52 week high of $126.34. The firm has a 50 day simple moving average of $108.98 and a 200 day simple moving average of $113.98.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 EPS for the quarter, missing the consensus estimate 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 previous year, the company posted $2.48 earnings per share. As a group, research analysts expect that Exxon Mobil Co. 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 Monday, March 10th. Shareholders of record on Wednesday, February 12th will be paid a $0.99 dividend. The ex-dividend date is Wednesday, February 12th. This represents a $3.96 annualized dividend and a yield of 3.75%. Exxon Mobil’s dividend payout ratio is presently 50.51%.

Insider Buying and Selling at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the company’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total value of $231,000.00. Following the transaction, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.03% of the company’s stock.

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.