Hara Capital LLC Sells 4,764 Shares of Exxon Mobil Corporation $XOM

Hara Capital LLC cut its stake in shares of Exxon Mobil Corporation (NYSE:XOMFree Report) by 11.2% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 37,633 shares of the oil and gas company’s stock after selling 4,764 shares during the period. Exxon Mobil makes up about 2.5% of Hara Capital LLC’s holdings, making the stock its 9th biggest position. Hara Capital LLC’s holdings in Exxon Mobil were worth $4,243,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Bare Financial Services Inc raised its holdings in Exxon Mobil by 121.8% during the 2nd quarter. Bare Financial Services Inc now owns 366 shares of the oil and gas company’s stock worth $39,000 after buying an additional 201 shares during the period. Clayton Financial Group LLC purchased a new position in shares of Exxon Mobil in the third quarter worth approximately $40,000. TruNorth Capital Management LLC increased its position in shares of Exxon Mobil by 1,595.2% in the third quarter. TruNorth Capital Management LLC now owns 356 shares of the oil and gas company’s stock worth $40,000 after acquiring an additional 335 shares in the last quarter. Investment Research & Advisory Group Inc. acquired a new stake in shares of Exxon Mobil during the second quarter valued at approximately $42,000. Finally, Halbert Hargrove Global Advisors LLC lifted its position in shares of Exxon Mobil by 95.8% in the 3rd quarter. Halbert Hargrove Global Advisors LLC now owns 370 shares of the oil and gas company’s stock valued at $42,000 after acquiring an additional 181 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Zacks Research downgraded shares of Exxon Mobil from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 1st. Bank of America lowered their price target on Exxon Mobil from $119.00 to $118.00 and set a “neutral” rating on the stock in a report on Thursday, December 11th. Sanford C. Bernstein decreased their price objective on Exxon Mobil from $142.00 to $137.00 and set an “outperform” rating for the company in a research report on Monday, January 5th. UBS Group reaffirmed a “buy” rating on shares of Exxon Mobil in a research note on Friday, January 9th. Finally, Morgan Stanley reduced their price target on shares of Exxon Mobil from $137.00 to $134.00 and set an “overweight” rating for the company in a research report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $131.84.

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Exxon Mobil News Summary

Here are the key news stories impacting Exxon Mobil this week:

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 3,000 shares of Exxon Mobil stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $117.19, for a total value of $351,570.00. Following the completion of the sale, the vice president owned 28,584 shares of the company’s stock, valued at approximately $3,349,758.96. The trade was a 9.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.03% of the stock is currently owned by company insiders.

Exxon Mobil Stock Performance

Shares of NYSE XOM opened at $134.93 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.14 and a quick ratio of 0.79. Exxon Mobil Corporation has a one year low of $97.80 and a one year high of $135.98. The business’s 50-day moving average price is $120.74 and its two-hundred day moving average price is $115.27. The company has a market capitalization of $569.03 billion, a P/E ratio of 19.61, a price-to-earnings-growth ratio of 8.51 and a beta of 0.37.

Exxon Mobil (NYSE:XOMGet Free Report) last announced its quarterly earnings results on Friday, October 31st. The oil and gas company reported $1.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.72 by $0.16. Exxon Mobil had a return on equity of 11.22% and a net margin of 8.99%.The business had revenue of $83.33 billion during the quarter, compared to analyst estimates of $83.09 billion. During the same period in the previous year, the company earned $1.92 EPS. The firm’s revenue was down 5.2% on a year-over-year basis. Analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Friday, November 14th were given a $1.03 dividend. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.99. This represents a $4.12 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend was Friday, November 14th. Exxon Mobil’s payout ratio is presently 59.88%.

Exxon Mobil Company Profile

(Free Report)

Exxon Mobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.

See Also

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

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