CWA Asset Management Group LLC Reduces Position in Exxon Mobil Co. (NYSE:XOM)

CWA Asset Management Group LLC reduced its holdings in Exxon Mobil Co. (NYSE:XOM) by 10.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,493 shares of the oil and gas company’s stock after selling 3,621 shares during the period. CWA Asset Management Group LLC’s holdings in Exxon Mobil were worth $3,173,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Eagle Capital Management LLC grew its position in shares of Exxon Mobil by 4.9% in the second quarter. Eagle Capital Management LLC now owns 2,460 shares of the oil and gas company’s stock valued at $283,000 after purchasing an additional 114 shares in the last quarter. Sterling Investment Advisors Ltd. grew its holdings in Exxon Mobil by 483.0% in the 2nd quarter. Sterling Investment Advisors Ltd. now owns 39,670 shares of the oil and gas company’s stock valued at $4,567,000 after buying an additional 32,866 shares in the last quarter. MCF Advisors LLC increased its stake in shares of Exxon Mobil by 7.4% in the 2nd quarter. MCF Advisors LLC now owns 20,746 shares of the oil and gas company’s stock worth $2,388,000 after acquiring an additional 1,428 shares during the last quarter. BBR Partners LLC raised its holdings in shares of Exxon Mobil by 3.6% during the 2nd quarter. BBR Partners LLC now owns 74,210 shares of the oil and gas company’s stock worth $8,543,000 after acquiring an additional 2,553 shares during the period. Finally, Blue Bell Private Wealth Management LLC boosted its position in shares of Exxon Mobil by 11.8% during the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 4,282 shares of the oil and gas company’s stock valued at $493,000 after acquiring an additional 453 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Stock Down 0.3 %

Shares of NYSE XOM opened at $107.58 on Tuesday. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $126.34. The stock has a market cap of $472.82 billion, a P/E ratio of 13.40, a PEG ratio of 4.65 and a beta of 0.91. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. The business’s fifty day simple moving average is $114.23 and its 200-day simple moving average is $115.83.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.91 by $0.01. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The business had revenue of $90.02 billion during the quarter, compared to analysts’ expectations of $93.98 billion. During the same period in the previous year, the company earned $2.27 EPS. The company’s revenue for the quarter was down .8% on a year-over-year basis. As a group, equities analysts predict that Exxon Mobil Co. will post 7.95 EPS 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 $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.68%. The ex-dividend date was Thursday, November 14th. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s payout ratio is 49.32%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. BMO Capital Markets raised their price objective on shares of Exxon Mobil from $127.00 to $130.00 and gave the stock a “market perform” rating in a research report on Friday, October 4th. Wells Fargo & Company raised their price target on shares of Exxon Mobil from $135.00 to $136.00 and gave the stock an “overweight” rating in a report on Friday, September 27th. TD Cowen decreased their price objective on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating on the stock in a report on Monday, December 16th. Scotiabank raised Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and raised their target price for the stock from $129.00 to $145.00 in a research note on Thursday, October 10th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $115.00 price target on shares of Exxon Mobil in a research note on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $128.74.

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.