Franklin Street Advisors Inc. NC Sells 11,830 Shares of Exxon Mobil Co. (NYSE:XOM)

Franklin Street Advisors Inc. NC reduced its position in shares of Exxon Mobil Co. (NYSE:XOM) by 4.9% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 230,784 shares of the oil and gas company’s stock after selling 11,830 shares during the quarter. Exxon Mobil comprises approximately 1.7% of Franklin Street Advisors Inc. NC’s holdings, making the stock its 18th largest holding. Franklin Street Advisors Inc. NC’s holdings in Exxon Mobil were worth $24,825,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of XOM. Fairway Wealth LLC bought a new stake in Exxon Mobil in the second quarter worth $35,000. Fairscale Capital LLC bought a new stake in Exxon Mobil in the second quarter worth $39,000. Hershey Financial Advisers LLC purchased a new stake in Exxon Mobil in the second quarter worth $46,000. Peterson Financial Group Inc. purchased a new stake in Exxon Mobil in the third quarter worth $51,000. Finally, Highline Wealth Partners LLC purchased a new stake in Exxon Mobil in the third quarter worth $54,000. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Stock Performance

Shares of Exxon Mobil stock traded down $0.58 on Friday, reaching $106.35. 6,960,391 shares of the stock were exchanged, compared to its average volume of 13,221,010. The company has a quick ratio of 1.01, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $126.34. The firm has a market capitalization of $467.42 billion, a price-to-earnings ratio of 13.24, a PEG ratio of 4.65 and a beta of 0.91. The business has a 50 day moving average price of $113.66 and a two-hundred day moving average price of $115.69.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, beating the consensus estimate of $1.91 by $0.01. The company had revenue of $90.02 billion during the quarter, compared to analysts’ expectations of $93.98 billion. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. Exxon Mobil’s quarterly revenue was down .8% on a year-over-year basis. During the same period last year, the business earned $2.27 earnings per share. Analysts anticipate that Exxon Mobil Co. will post 7.95 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Thursday, November 14th were given a dividend of $0.99 per share. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 annualized dividend and a yield of 3.72%. The ex-dividend date was Thursday, November 14th. Exxon Mobil’s dividend payout ratio (DPR) is currently 49.32%.

Analyst Ratings Changes

XOM has been the topic of a number of recent analyst reports. Wells Fargo & Company increased their target price on Exxon Mobil from $135.00 to $136.00 and gave the stock an “overweight” rating in a research note on Friday, September 27th. Royal Bank of Canada restated a “sector perform” rating and set a $115.00 price target on shares of Exxon Mobil in a research note on Thursday, December 12th. Mizuho cut their price target on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating on the stock in a research note on Monday, December 16th. JPMorgan Chase & Co. cut their price target on Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating on the stock in a research note on Monday, December 16th. Finally, The Goldman Sachs Group raised their price target on Exxon Mobil from $118.00 to $120.00 in a research note on Thursday, October 31st. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $128.74.

Exxon Mobil Company 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.