Osborne Partners Capital Management LLC Reduces Holdings in Exxon Mobil Co. (NYSE:XOM)

Osborne Partners Capital Management LLC decreased its position in shares of Exxon Mobil Co. (NYSE:XOMFree Report) by 1.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 102,608 shares of the oil and gas company’s stock after selling 1,248 shares during the quarter. Osborne Partners Capital Management LLC’s holdings in Exxon Mobil were worth $10,259,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. KB Financial Partners LLC purchased a new stake in Exxon Mobil in the 1st quarter valued at approximately $27,000. IMA Wealth Inc. boosted its holdings in Exxon Mobil by 720.0% in the 2nd quarter. IMA Wealth Inc. now owns 369 shares of the oil and gas company’s stock valued at $40,000 after purchasing an additional 324 shares in the last quarter. FWL Investment Management LLC purchased a new stake in Exxon Mobil in the 4th quarter valued at approximately $43,000. DHJJ Financial Advisors Ltd. purchased a new stake in Exxon Mobil in the 3rd quarter valued at approximately $49,000. Finally, Studio Investment Management LLC purchased a new stake in Exxon Mobil in the 4th quarter valued at approximately $49,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Up 2.0 %

Shares of Exxon Mobil stock opened at $119.32 on Wednesday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.48 and a quick ratio of 1.09. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $120.70. The business has a 50-day moving average of $106.51 and a 200-day moving average of $105.88. The company has a market capitalization of $473.44 billion, a PE ratio of 13.42, a P/E/G ratio of 4.26 and a beta of 0.96.

Exxon Mobil (NYSE:XOMGet Free Report) last issued its quarterly earnings results on Friday, February 2nd. The oil and gas company reported $2.48 EPS for the quarter, topping the consensus estimate of $2.20 by $0.28. Exxon Mobil had a net margin of 10.45% and a return on equity of 18.51%. The business had revenue of $84.34 billion for the quarter, compared to analysts’ expectations of $90.03 billion. During the same quarter last year, the company posted $3.40 earnings per share. The company’s quarterly revenue was down 11.6% compared to the same quarter last year. As a group, equities analysts forecast that Exxon Mobil Co. will post 9.11 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Wednesday, February 14th were paid a $0.95 dividend. The ex-dividend date was Tuesday, February 13th. This represents a $3.80 annualized dividend and a dividend yield of 3.18%. Exxon Mobil’s payout ratio is currently 42.74%.

Analyst Upgrades and Downgrades

XOM has been the subject of a number of research reports. JPMorgan Chase & Co. reduced their price target on shares of Exxon Mobil from $134.00 to $127.00 and set an “overweight” rating for the company in a research report on Friday, December 8th. Mizuho lifted their price target on shares of Exxon Mobil from $119.00 to $125.00 and gave the company a “neutral” rating in a research report on Tuesday, March 19th. TD Cowen lifted their price objective on Exxon Mobil from $115.00 to $120.00 and gave the stock a “buy” rating in a research report on Monday. Redburn Atlantic upgraded Exxon Mobil from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $116.00 to $119.00 in a research report on Tuesday, January 9th. Finally, Erste Group Bank restated a “hold” rating on shares of Exxon Mobil in a research report on Friday, December 22nd. Nine equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, Exxon Mobil has an average rating of “Moderate Buy” and an average target price of $128.47.

Read Our Latest Analysis on XOM

Insider Buying and Selling at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,400 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $105.00, for a total value of $252,000.00. Following the sale, the vice president now owns 30,189 shares in the company, valued at $3,169,845. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.04% of the stock is owned by company insiders.

Exxon Mobil Profile

(Free Report)

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.

See Also

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

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