Moors & Cabot Inc. Decreases Position in Exxon Mobil Corporation $XOM

Moors & Cabot Inc. cut its holdings in Exxon Mobil Corporation (NYSE:XOMFree Report) by 3.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 192,782 shares of the oil and gas company’s stock after selling 6,908 shares during the period. Exxon Mobil makes up 0.9% of Moors & Cabot Inc.’s portfolio, making the stock its 15th largest position. Moors & Cabot Inc.’s holdings in Exxon Mobil were worth $21,736,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Ipsen Advisor Group LLC lifted its stake in shares of Exxon Mobil by 1.6% in the 3rd quarter. Ipsen Advisor Group LLC now owns 5,647 shares of the oil and gas company’s stock valued at $637,000 after acquiring an additional 88 shares during the last quarter. Nexus Investment Management ULC boosted its holdings in Exxon Mobil by 1.6% during the 3rd quarter. Nexus Investment Management ULC now owns 5,794 shares of the oil and gas company’s stock valued at $653,000 after acquiring an additional 89 shares during the period. Sagace Wealth Management LLC grew its position in Exxon Mobil by 2.7% during the 3rd quarter. Sagace Wealth Management LLC now owns 3,445 shares of the oil and gas company’s stock worth $388,000 after acquiring an additional 90 shares during the last quarter. Creative Capital Management Investments LLC increased its stake in Exxon Mobil by 2.5% in the 3rd quarter. Creative Capital Management Investments LLC now owns 3,701 shares of the oil and gas company’s stock worth $417,000 after purchasing an additional 91 shares during the period. Finally, Tortoise Investment Management LLC increased its stake in Exxon Mobil by 2.4% in the 3rd quarter. Tortoise Investment Management LLC now owns 3,900 shares of the oil and gas company’s stock worth $440,000 after purchasing an additional 91 shares during the period. 61.80% of the stock is owned by institutional investors.

Exxon Mobil Stock Performance

NYSE:XOM opened at $157.28 on Tuesday. The company has a quick ratio of 0.79, a current ratio of 1.15 and a debt-to-equity ratio of 0.13. The firm’s fifty day simple moving average is $142.63 and its 200 day simple moving average is $125.07. The stock has a market cap of $655.33 billion, a P/E ratio of 23.51, a price-to-earnings-growth ratio of 1.22 and a beta of 0.35. Exxon Mobil Corporation has a twelve month low of $97.80 and a twelve month high of $159.60.

Exxon Mobil (NYSE:XOMGet Free Report) last posted its earnings results on Friday, January 30th. The oil and gas company reported $1.71 EPS for the quarter, topping the consensus estimate of $1.63 by $0.08. Exxon Mobil had a net margin of 8.68% and a return on equity of 11.21%. The firm had revenue of $80.04 billion during the quarter, compared to analysts’ expectations of $77.98 billion. During the same period last year, the company posted $1.67 EPS. The company’s quarterly revenue was down 1.3% compared to the same quarter last year. As a group, research analysts predict that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Thursday, February 12th were issued a dividend of $1.03 per share. The ex-dividend date was Thursday, February 12th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.6%. Exxon Mobil’s dividend payout ratio is 61.58%.

Analyst Ratings Changes

Several research analysts have recently issued reports on XOM shares. Citigroup raised their target price on shares of Exxon Mobil from $118.00 to $150.00 and gave the stock a “neutral” rating in a report on Monday, March 2nd. BMO Capital Markets reissued a “market perform” rating and issued a $155.00 price target on shares of Exxon Mobil in a report on Wednesday, February 4th. Royal Bank Of Canada upped their price objective on shares of Exxon Mobil from $145.00 to $150.00 and gave the company a “sector perform” rating in a research note on Monday, February 2nd. Barclays raised their target price on Exxon Mobil from $145.00 to $163.00 and gave the stock an “overweight” rating in a research note on Monday. Finally, Zacks Research raised Exxon Mobil from a “strong sell” rating to a “hold” rating in a research note on Friday, January 30th. Nine investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Exxon Mobil has an average rating of “Hold” and an average target price of $147.06.

Read Our Latest Analysis on Exxon Mobil

Key Headlines Impacting Exxon Mobil

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

Insider Activity

In other news, VP Darrin L. Talley sold 5,000 shares of the stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $139.75, for a total value of $698,750.00. Following the completion of the transaction, the vice president owned 23,584 shares of the company’s stock, valued at approximately $3,295,864. This represents a 17.49% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last three months, insiders sold 13,380 shares of company stock valued at $1,871,484. 0.03% of the stock is currently owned by corporate insiders.

Exxon Mobil 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.

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

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