Cobblestone Capital Advisors LLC NY cut its holdings in Exxon Mobil Co. (NYSE:XOM) by 1.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 48,681 shares of the oil and gas company’s stock after selling 903 shares during the quarter. Cobblestone Capital Advisors LLC NY’s holdings in Exxon Mobil were worth $2,007,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Clark Financial Advisors acquired a new position in Exxon Mobil in the fourth quarter valued at $28,000. Horan Securities Inc. boosted its holdings in shares of Exxon Mobil by 110.6% in the fourth quarter. Horan Securities Inc. now owns 596 shares of the oil and gas company’s stock valued at $25,000 after acquiring an additional 313 shares in the last quarter. Bellwether Advisors LLC purchased a new stake in shares of Exxon Mobil in the fourth quarter valued at about $32,000. Simon Quick Advisors LLC boosted its holdings in shares of Exxon Mobil by 2,412.5% in the fourth quarter. Simon Quick Advisors LLC now owns 1,005 shares of the oil and gas company’s stock valued at $41,000 after acquiring an additional 965 shares in the last quarter. Finally, Professional Financial Advisors LLC purchased a new stake in shares of Exxon Mobil in the third quarter valued at about $34,000. Institutional investors own 50.90% of the company’s stock.
XOM traded up $0.03 during midday trading on Tuesday, reaching $54.33. 1,255,248 shares of the company’s stock were exchanged, compared to its average volume of 29,751,949. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.93 and a quick ratio of 0.58. The stock has a market capitalization of $229.72 billion, a PE ratio of 32.32 and a beta of 1.31. The business’s 50-day moving average price is $48.12 and its 200 day moving average price is $40.71. Exxon Mobil Co. has a 1-year low of $30.11 and a 1-year high of $57.80.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 10th. Stockholders of record on Wednesday, February 10th will be given a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a dividend yield of 6.41%. The ex-dividend date of this dividend is Tuesday, February 9th. Exxon Mobil’s dividend payout ratio is presently 154.67%.
Several analysts have recently weighed in on the stock. Morgan Stanley raised shares of Exxon Mobil from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $49.00 to $57.00 in a report on Monday, January 11th. Smith Barney Citigroup lifted their target price on shares of Exxon Mobil from $33.00 to $39.00 in a report on Wednesday, December 9th. Wells Fargo & Company raised shares of Exxon Mobil from an “equal weight” rating to an “overweight” rating and set a $53.00 target price on the stock in a report on Tuesday, December 15th. Mizuho assumed coverage on shares of Exxon Mobil in a report on Tuesday, January 12th. They issued a “neutral” rating and a $49.00 target price on the stock. Finally, Credit Suisse Group lifted their target price on shares of Exxon Mobil from $52.00 to $62.00 and gave the company a “neutral” rating in a report on Tuesday, February 16th. Four analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and eight have given a buy rating to the company’s stock. Exxon Mobil has a consensus rating of “Hold” and an average price target of $48.64.
About Exxon Mobil
Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, petroleum products, and other specialty products; and manufactures and markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.
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