Addison Advisors LLC Sells 872 Shares of Exxon Mobil Co. (NYSE:XOM)

Addison Advisors LLC reduced its holdings in Exxon Mobil Co. (NYSE:XOM) by 4.0% during the 4th quarter, Holdings Channel reports. The institutional investor owned 20,697 shares of the oil and gas company’s stock after selling 872 shares during the quarter. Addison Advisors LLC’s holdings in Exxon Mobil were worth $2,226,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. BankPlus Trust Department acquired a new stake in Exxon Mobil in the 4th quarter valued at $2,284,000. Portland Financial Advisors Inc acquired a new stake in Exxon Mobil in the 4th quarter valued at $411,000. Quartz Partners LLC increased its stake in Exxon Mobil by 23.5% in the 4th quarter. Quartz Partners LLC now owns 2,761 shares of the oil and gas company’s stock valued at $297,000 after buying an additional 525 shares during the last quarter. Edge Capital Group LLC increased its stake in Exxon Mobil by 0.9% in the 4th quarter. Edge Capital Group LLC now owns 74,672 shares of the oil and gas company’s stock valued at $8,032,000 after buying an additional 665 shares during the last quarter. Finally, Rothschild Investment LLC increased its stake in Exxon Mobil by 4.7% in the 4th quarter. Rothschild Investment LLC now owns 143,310 shares of the oil and gas company’s stock valued at $15,416,000 after buying an additional 6,463 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Stock Performance

Shares of Exxon Mobil stock opened at $109.43 on Thursday. The company has a 50 day moving average of $108.75 and a 200-day moving average of $114.34. Exxon Mobil Co. has a 1-year low of $103.85 and a 1-year high of $126.34. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. The company has a market cap of $474.84 billion, a PE ratio of 13.96, a price-to-earnings-growth ratio of 3.02 and a beta of 0.89.

Exxon Mobil (NYSE:XOM) last released 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 quarter last year, the firm earned $2.48 EPS. As a group, equities research analysts forecast that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Investors 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 of this dividend is Wednesday, February 12th. Exxon Mobil’s dividend payout ratio is 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 completion of the transaction, the vice president now directly owns 18,087 shares in the company, valued at approximately $1,989,570. This represents a 10.40 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on XOM shares. Wolfe Research lifted their price target on shares of Exxon Mobil from $137.00 to $138.00 in a research note on Thursday, October 31st. Wells Fargo & Company lowered their price objective on shares of Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating on the stock in a research note on Monday, February 3rd. HSBC lowered their price objective on shares of Exxon Mobil from $125.00 to $123.00 and set a “hold” rating on the stock in a research note on Friday, January 31st. Bernstein Bank boosted their price objective on shares of Exxon Mobil from $138.00 to $144.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating on the stock in a research note on Monday, December 16th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company presently 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.