Stonegate Investment Group LLC Decreases Holdings in Exxon Mobil Corporation $XOM

Stonegate Investment Group LLC decreased its stake in Exxon Mobil Corporation (NYSE:XOM) by 3.8% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 1,000,766 shares of the oil and gas company’s stock after selling 39,272 shares during the period. Exxon Mobil makes up 2.6% of Stonegate Investment Group LLC’s portfolio, making the stock its 11th largest position. Stonegate Investment Group LLC’s holdings in Exxon Mobil were worth $112,836,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of XOM. Westfuller Advisors LLC purchased a new position in Exxon Mobil in the third quarter valued at approximately $30,000. Bare Financial Services Inc raised its stake in shares of Exxon Mobil by 121.8% in the second quarter. Bare Financial Services Inc now owns 366 shares of the oil and gas company’s stock valued at $39,000 after buying an additional 201 shares during the period. Clayton Financial Group LLC bought a new stake in shares of Exxon Mobil in the third quarter valued at $40,000. TruNorth Capital Management LLC lifted its position in shares of Exxon Mobil by 1,595.2% during the 3rd quarter. TruNorth Capital Management LLC now owns 356 shares of the oil and gas company’s stock valued at $40,000 after buying an additional 335 shares during the last quarter. Finally, Investment Research & Advisory Group Inc. bought a new position in shares of Exxon Mobil during the 2nd quarter worth $42,000. 61.80% of the stock is owned by institutional investors.

Exxon Mobil Stock Performance

Exxon Mobil stock opened at $134.78 on Tuesday. Exxon Mobil Corporation has a 1-year low of $97.80 and a 1-year high of $136.94. The company has a current ratio of 1.14, a quick ratio of 0.79 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $568.39 billion, a PE ratio of 19.59, a price-to-earnings-growth ratio of 8.62 and a beta of 0.37. The firm’s 50 day simple moving average is $121.08 and its 200 day simple moving average is $115.43.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, October 31st. The oil and gas company reported $1.88 EPS for the quarter, beating analysts’ consensus estimates of $1.72 by $0.16. The firm had revenue of $83.33 billion during the quarter, compared to analyst estimates of $83.09 billion. Exxon Mobil had a net margin of 8.99% and a return on equity of 11.22%. The business’s revenue for the quarter was down 5.2% on a year-over-year basis. During the same period in the previous year, the business earned $1.92 EPS. As a group, analysts expect 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 paid a $1.03 dividend. The ex-dividend date was Friday, November 14th. This represents a $4.12 dividend on an annualized basis and a yield of 3.1%. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.99. Exxon Mobil’s dividend payout ratio is currently 59.88%.

Wall Street Analyst Weigh In

XOM has been the topic of a number of research reports. Barclays boosted their price objective on Exxon Mobil from $130.00 to $140.00 and gave the company an “overweight” rating in a research note on Wednesday, January 21st. Mizuho boosted their price target on shares of Exxon Mobil from $129.00 to $132.00 and gave the company a “neutral” rating in a research report on Friday, December 12th. Morgan Stanley cut their price objective on shares of Exxon Mobil from $137.00 to $134.00 and set an “overweight” rating for the company in a report on Friday. UBS Group reissued a “buy” rating on shares of Exxon Mobil in a report on Friday, January 9th. Finally, TD Cowen restated a “buy” rating on shares of Exxon Mobil in a research report on Monday. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $131.84.

Insider Buying and Selling at Exxon Mobil

In other news, VP Darrin L. Talley sold 3,000 shares of Exxon Mobil stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $117.19, for a total transaction of $351,570.00. Following the completion of the sale, the vice president owned 28,584 shares in the company, valued at approximately $3,349,758.96. This trade represents a 9.50% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.03% of the stock is currently owned by insiders.

Exxon Mobil Profile

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.